OBO definition
Examples of OBO in a sentence
As part of the good faith efforts assessment, the OBO Director may consider Contractor’s failure to timely submit the notice or explanation required by this provision and the OBO Director may impose sanctions or other penalties on Contractor for said failures in accordance with Chapter 15 of the Code of Ordinances, OBO’s policies and procedures, and the City’s good faith efforts policy.
Contractor acknowledges that it has reviewed the requirements for good faith efforts on file with OBO and will comply with them.
The Subrecipient acknowledges that OBO is acting as a pass- through entity for the ARPA Grant and the Subrecipient agrees to meet the requirements found in Sections 2 CFR §200.331 and §200.332 as a subrecipient as well as aid OBO upon request in its monitoring capacity by providing access to as well as any information requested by OBO for that purpose.
If OBO finds that purchases made with advanced payments were non- compliant with the Grant Agreement, a dispute process may be initiated, and OBO may take action including withholding or delaying future payments of funds, recission of the Grant Agreement, modification of funding disbursement methodology, reduction of grant award, and payback of funds to OBO.
From and after the date hereof, OBO may agree to make and the Subrecipient may agree to accept, on the terms and conditions stated herein, additional Grants pursuant to additional Applications in the Grant Amount stated in each such Application; in such event, such additional Applications will be attached hereto on Exhibit A and shall become a part of this Agreement.