Transfers of Funds Among Direct Cost Categories – Phase II & Phase IIS Sample Clauses

Transfers of Funds Among Direct Cost Categories – Phase II & Phase IIS. Beginning in Phase II, the Prime Recipient is required to obtain the prior written approval of the ARPA-E Contracting Officer for any transfer of funds among direct cost categories where the cumulative amount of such transfers exceeds or is expected to exceed 25 percent of the total project cost, which is stated as “Total” in Block 12 to the Cover Page (Assistance Agreement Form) of this Award.
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