Common use of Use of Grant Clause in Contracts

Use of Grant. The Grantee agrees to use the Grant solely for costs and expenses incurred and paid by the Grantee for the performance of the Project subject to and in accordance with this Agreement and the Program Guidelines. The Grantee further agrees that the Grant shall only be used in accordance with the attached budget in the amounts for each line item as set forth therein. The Grantee agrees that the Project shall be administered and performed under this Agreement in accordance with all applicable laws including any applicable provisions of the Code of the City of Hallandale. Grantee represents that Grantee possesses the licenses, permits and approvals required by applicable laws to conduct and carry on its business including a valid 501(c)(3) exemption issued by the IRS, which exemption has not been revoked, rescinded, terminated, altered or modified prior to the Effective Date. As a condition to disbursing the Grant, Grantee shall provide the CRA with copies of all such licenses, permits and approvals as well as the applicable 501(c)(3) exemption letter. During the term of this Agreement, Grantee shall have an ongoing obligation to immediately provide the CRA with copies of any notices or documentation affecting (or setting forth an intent to affect) such licenses, permits and approvals and/or 501(c)(3) exemption; it being understood and agreed by the Grantee that the issuance and effectiveness of such licenses, permits and approvals and 501(c)(3) exemption are material to Grantee’s eligibility to receive the Grant. The failure to maintain the licenses, permits and approvals and/or the 501(c)(3) exemption shall be considered a material default of this Agreement entitling the CRA to is rights and remedies set forth in Section 8 below.

Use of Grant. The Grantee agrees to use the Grant solely for costs and expenses incurred and paid by the Grantee for the performance of the Project subject to and in accordance with this Agreement and the Program Guidelines. The Grantee further agrees that the Grant shall only be used in accordance with the attached budget in the amounts for each line item as set forth therein. The Grantee agrees that the Project shall be administered and performed under this Agreement in accordance with all applicable laws including any applicable provisions of the Code of the City of Hallandale. Grantee represents that Grantee possesses the licenses, permits and approvals required by applicable laws to conduct and carry on its business including a valid 501(c)(3) exemption issued by the IRS, which exemption has not been revoked, rescinded, terminated, altered or modified prior to the Effective Date. As a condition to disbursing the Grant, Grantee shall provide the CRA with copies of all such licenses, permits and approvals as well as the applicable 501(c)(3) exemption letter. During the term of this Agreement, Grantee shall have an ongoing obligation to immediately provide the CRA with copies of any notices or documentation affecting (or setting forth an intent to affect) such licenses, permits and approvals and/or 501(c)(3) exemption; it being understood and agreed by the Grantee that the issuance and effectiveness of such licenses, permits and approvals and 501(c)(3) exemption are material to Grantee’s eligibility to receive the Grant. The failure to maintain the licenses, permits and approvals and/or the 501(c)(3) exemption shall be considered a material default of this Agreement entitling the CRA to is rights and remedies set forth in Section 8 below.