Common use of USAID Contribution Clause in Contracts

USAID Contribution. (a) The Grant. To help achieve the Objective set forth in this Agreement, USAID, pursuant to the Foreign Assistance Act of 1961, as amended, hereby grants to the Grantee under the terms of the Agreement not to exceed United States ("U.S.") Dollars ($ ) (the "Grant"). [If incrementally funded, insert the following paragraph (b)] (b) Total Estimated USAID Contribution. USAID's total estimated contribution to achievement of the Objective will be U.S. $ , which will be provided in increments. Subsequent increments will be subject to the availability of funds to USAID for this purpose [Insert one of the following:1 “and the mutual agreement of the Parties, at the time of each subsequent increment, to proceed” OR “and may be provided by USAID upon written notice to the Grantee”]. The Parties agree that each such incremental contribution provided, if any, shall cumulatively increase the total amount of the Grant set forth in Section 3.1(a) and consequently may increase the Grantee’s contribution under Section 3.2. [In the case of unilateral incremental funding, insert the following: “The Grantee further agrees to acknowledge by written notice to USAID each such incremental contribution, if any.”] (c) If at any time USAID determines that its contribution under Section 3.1(a) exceeds the amount which reasonably can be committed for achieving the Objective or Results or activities during the current or next U.S. fiscal year, USAID may, upon written notice to the Grantee, withdraw the excess amount, thereby reducing the amount of the Grant as set forth in Section 3.1(a). [If incrementally funded, insert the following: "Actions taken pursuant to this subsection will not revise USAID's total estimated contribution set forth in 3.1(b)." If NOT incrementally funded, insert the following: "Actions taken pursuant to this subsection will not revise USAID's total estimated contribution below that set forth in 3.1(a), subject to the availability of funds to USAID for this purpose and the mutual agreement of the Parties, at the time of each subsequent increment, to proceed."]

Appears in 2 contracts

Sources: Development Objective Grant Agreement, Development Objective Grant Agreement

USAID Contribution. (a) The Grant. To help achieve the Objective set forth in this Agreement, USAID, pursuant to the Foreign Assistance Act of 1961, as amended, hereby grants to the Grantee under the terms of the Agreement not to exceed United States ("U.S.") Dollars ($ ) (the "Grant"). [If incrementally funded, insert the following paragraph (b)] (b) Total Estimated USAID Contribution. USAID's total estimated contribution to achievement of the Objective will be U.S. $ , which will be provided in increments. Subsequent increments will be subject to the availability of funds to USAID for this purpose [Insert one of the following:1 “and the mutual agreement of the Parties, at the time of each subsequent increment, to proceed” OR “and may be provided by USAID upon written notice to the Grantee”]. The Parties agree that each such incremental contribution provided, if any, shall cumulatively increase the total amount of the Grant set forth in Section 3.1(a) and consequently may increase the Grantee’s contribution under Section 3.2. [In the case of unilateral incremental funding, insert the following: “The Grantee further agrees to acknowledge by written notice to USAID each such incremental contribution, if any.”] (c) If at any time USAID determines that its contribution under Section 3.1(a) exceeds the amount which reasonably can be committed for achieving the Objective or Results or activities during the current or next U.S. fiscal year, USAID may, upon written notice to the Grantee, withdraw the excess amount, thereby reducing the amount of the Grant as set forth in Section 3.1(a). [If incrementally funded, insert the following: "Actions taken pursuant to this subsection will not revise USAID's total estimated contribution set forth in 3.1(b)." If NOT incrementally funded, insert the following: "Actions taken pursuant to this subsection will not revise USAID's total estimated contribution below that set forth in 3.1(a), subject to the availability of funds to USAID for this purpose and the mutual agreement of the Parties, at the time of each subsequent increment, to proceed."])

Appears in 1 contract

Sources: Strategic Objective Grant Agreement