Recovery of Funds. The right of the RECIPIENT to retain monies received as reimbursement payments is contingent upon satisfactory performance of this Agreement and completion of the work described in the Scope of Work. All payments to the RECIPIENT are subject to approval and audit by ECOLOGY, and any unauthorized expenditure(s) or unallowable cost charged to this Agreement shall be refunded to ECOLOGY by the RECIPIENT. RECIPIENT shall refund to ECOLOGY the full amount of any erroneous payment or overpayment under this Agreement. RECIPIENT shall refund by check payable to ECOLOGY the amount of any such reduction of payments or repayments within thirty (30) days of a written notice. Interest will accrue at the rate of twelve percent (12%) per year from the time ECOLOGY demands repayment of funds. Any property acquired under this Agreement, at the option of ECOLOGY, may become ECOLOGY's property and the RECIPIENT's liability to repay monies will be reduced by an amount reflecting the fair value of such property.
Recovery of Funds. In the event that this Contract is terminated, the Board shall be entitled to recover all funds advanced to Contractor for which Contractor has not yet performed services. Such recovery shall be made on a pro rata basis based on the length of the term of this Contract and the length of time services were performed by Contractor. This recovery by the Board shall not be affected by whether Contractor has already spent the funds advanced by the Board. The decision of the Board shall be final.
Recovery of Funds. The Department reserves the right to recover funds that are owed by reducing future disbursements to the Contractor by an amount equal to what is owed. The Department may adjust subsequent claims for reimbursement by any audit exception or non-compliance exception up to the amount of the exception. The Parties shall attempt to negotiate the timing and payment schedule of any adjustments under this section.
Recovery of Funds. Expenditures of the Contractor may be charged to this contract only if they (1) are in payment of services performed under this contract, (2) conform to applicable state and federal regulations and statutes, and (3) are in payment of an obligation incurred during the contract period. Any County funds spent for purposes not authorized by this contract and payments by the County in excess of authorized expenditures shall be deducted from future payments or refunded to the County no later than thirty (30) days after notice of unauthorized expenditure or notice of excess payment. Contractor shall be responsible to repay for prior contract period excess payments and un-recovered advanced payments provided by the County. Repayment of prior period obligations shall be made to the County in a manner agreed on.
Recovery of Funds. 1. If the co-financing has been paid for ineligible expenditures, irregular expenditures or the agreement has been violated, or the funds were unduly paid or overpaid, the Managing Authority issues a call for payment of funds, and the Lead Partner returns the wrongly paid co-financing as applicable. This also applies to expenditures incurred before the signing of the agreement.
Recovery of Funds. If the Department or any state or federal agency determines that the Contractor has been reimbursed for any cost that is unallowable, unallocable, or unreasonable under this contract, the Contractor shall repay those funds within thirty (30) business days of receiving written notice from the Department. The Department may additionally withhold any payment under this contract if the Contractor fails to repay those funds by the established deadline. The Contractor’s obligation to repay funds survives the termination of this contract.
Recovery of Funds. In the event of a default or violation of the terms of the Grant Agreement by the Grantee, the Authority may institute actions to recover all or part of the project funds paid to the Grantee. Repayment by the Grantee of grant funds under this recovery provision shall occur within thirty (30) days of demand. All remedies conferred on the Authority by this agreement or any other instrument or agreement are cumulative, not exclusive, and may be exercised concurrently or consecutively at the Authority’s option.
Recovery of Funds. 6.1 Under the IAH, a number of circumstances could arise which could make a project "non-compliant". Examples include:
Recovery of Funds. In the event that this Agreement is terminated, the Board shall be entitled to recover all funds advanced to MATC for which MATC has not yet performed services. Such recovery shall be made on a pro rata basis based on the length of the term of this Agreement and the length of time services were performed by MATC. This recovery by the Board shall not be affected by whether MATC has already spent the funds advanced by the Board. The decision of the Board shall be final.
Recovery of Funds. During the term of this Agreement and after this Agreement is terminated, the Department retains the right to disallow or recover an appropriate amount of funds after fully considering the findings resulting from any audit covering the term of this Agreement. Such audits may be conducted after the termination date.
