Other Special Grant Conditions Sample Clauses

Other Special Grant Conditions. Draft MCWN will review actual certified contract expenditures for all contracts and modifications during the first quarter of the program year on or about the 30th day following the end of the first quarter. If the Service Provider has expended eighty-five percent (85%) or more of the planned quarterly expenditures, no action will be taken by the MCWN. In the event that the Service Provider has expended less than eighty-five percent (85%) of the planned quarterly expenditures, the MCWN may deobligate all the remaining portion of the unspent funds for the quarter. Following departmental review, any funds identified by the MCWN as being subject to this policy during the first quarter of the program year may be subject to partial termination for cause, in accordance with Section 5.5A(2) of this agreement, resulting in deobligation of such unspent funds. The modification required by the partial termination will be completed by the MCWN with the Service Provider’s assistance in revising the grant budget and, if applicable, the Scope of Work. Billing is to be done monthly based on the calendar month. Each monthly invoice is due by the 15th of the following month. Any invoice received after the due date may result in payment being reduced by 10% of the invoice amount. An extension may be granted for good cause with prior approval. All costs are directly charged to the agreement which benefit said agreement. Staff costs are reimbursed based on documented hours worked for the benefit of the contract.