Lead Research Institution definition
Examples of Lead Research Institution in a sentence
The Lead Institution shall require, via a Subgrant Agreement, that all Research Institutions that receive funding, directly or indirectly, in whole or in part, from funds that the Lead Research Institution has received under the Gulf of Mexico Research Initiative, shall be subject to this terms of this Agreement and any Grant Agreement for the Approved Research Project.
The GoMRI Grant Unit shall, as necessary, enter into amendments to the Grant Agreement with the Research Consortium’s Lead Research Institution to reflect the terms of any such changes approved by the Research Board.
For each Approved Research Project which has been approved by the Research Board pursuant to Section 5, enter into a Grant Agreement with the Research Consortium’s Lead Research Institution, pursuant to the requirements described in Section 7, which shall be amended from time to time as required by Sections 6.3.3 and 6.4.
The GoMRI Grant Unit shall reimburse each Lead Research Institution for verifiable research expenses incurred by its Research Consortium in accordance with the approved budget for the Program Year, according to the procedures set forth in this Section 2.5.
Pursuant to the GoMRI Grant Administration Agreement, the GoMRI Grant Unit shall agree that the Grant Agreement with the Lead Research Institution for the Approved Research Project(s) to be conducted by the Research Consortium shall subject each Research Institution to all applicable terms of this Agreement and require that the Lead Research Institution shall enter into Subgrant Agreements with all subgrantees receiving GoMRI funds that also subjects such subgrantees to the terms of this Agreement.
If it becomes necessary to substitute the named Research Project Director under an Approved Research Project, then the Lead Research Institution shall provide prompt written notification of the proposed change to the Research Board and a determination shall be made by the Research Board pursuant to the terms of this Agreement whether to continue or terminate the Approved Research Project under the new Research Project Director.
On a quarterly basis, but no later than fifteen (15) Business Days prior to the start of each Program Year quarter, each Lead Research Institution shall provide the GoMRI Grant Unit with a forecast of the Research Program Costs for its Research Consortium for that Program Year quarter.
While it is anticipated that the Lead Research Institution for each Research Consortium shall be located in a Gulf Coast state, the Research Board shall select the Research Institution that best satisfies the RFP criteria, regardless of location.
As soon as practicable, but in no event later than five (5) business days after receipt of such funds from BP, the GoMRI Grant Unit shall transfer the forecasted funds for each Approved Research Project to the Lead Research Institution for each Research Consortium.
No later than twenty- five (25) business days after the close of each Program Year quarter, the GoMRI Administrative Unit shall provide BP with copies of all invoices received from each Lead Research Institution for that Program Year quarter.