TERMINATION, IMMEDIATE REPAYMENT, AND INTEREST. This Agreement may be terminated by written notice at any time, at the option of the State Water Board, if:
TERMINATION, IMMEDIATE REPAYMENT, AND INTEREST. This Agreement may be terminated by written notice at any time prior to completion of the Project, at the option of the State Water Board, if the Grantee has received funds as a result of a material misrepresentation in the grant application or other submitted document or upon violation by the Grantee of any material provision of this Agreement after such violation has been called to the attention of the Grantee and after failure of the Grantee to bring itself into compliance with the provisions of this Agreement within a reasonable time as established by the State Water Board. In the event of such termination, the Grantee agrees, upon demand, to immediately repay to the State Water Board an amount equal to the amount of grant funds disbursed to the Grantee prior to such termination. In the event of termination, interest shall accrue on all amounts due at the highest legal rate of interest from the date that notice of termination is mailed to the Grantee to the date of full repayment by the Grantee.
