Common use of ADMINISTRATION OF THE GRANT Clause in Contracts

ADMINISTRATION OF THE GRANT. The Administering Organisation must maintain reasonable, up-to-date and accurate records relating to the Grant and the Projects conducted with the Grant to verify its compliance with this Agreement. Records maintained under this clause must be retained by the Administering Organisation for each Project for a period of no less than seven years after whichever is the later of: the final payment of the Grant by the ARC for the Project; or the final approved carryover of the Grant for the Project.

ADMINISTRATION OF THE GRANT. ‌ The Administering Organisation must maintain reasonable, up-to-date and accurate records relating to the Grant and the Projects conducted with the Grant to verify its compliance with this Agreement. Records maintained under this clause must be retained by the Administering Organisation for each Project for a period of no less than seven years after whichever is the later of: the final payment of the Grant by the ARC for the Project; or the final approved carryover of the Grant for the Project.