Common use of INTEREST EARNED Clause in Contracts

INTEREST EARNED. a. If CONTRACTOR earns interest on funds received pursuant to this Contract, that interest shall be identified as income to the program(s) for which this Contract provides and shall be used and expended only for said program(s). CONTRACTOR shall maintain in its files full documentation of such interest earnings and expenditures.

Appears in 2 contracts

Samples: Agreement, Agreement

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INTEREST EARNED. a. i. If CONTRACTOR earns interest on funds received pursuant to this ContractCONTRACT, that interest shall be identified as income to the program(s) for which this Contract CONTRACT provides and shall be used and expended only for said program(s). CONTRACTOR shall maintain in its files full documentation of such interest earnings and expenditures.

Appears in 1 contract

Samples: Model Contract

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INTEREST EARNED. a. i. If CONTRACTOR earns interest on funds received pursuant to this Contract, that interest shall be identified as income to the program(s) for which this Contract provides and shall be used and expended only for said program(s). CONTRACTOR shall maintain in its files full documentation of such interest earnings and expenditures.

Appears in 1 contract

Samples: Agreement

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