During the Period of Performance Clause Samples
The "During the Period of Performance" clause defines the specific timeframe in which the obligations, rights, and activities under a contract are to be carried out. It typically outlines when the contractor is expected to begin and complete the work, and may specify milestones or deliverables that must be met within this period. By clearly establishing the active duration of the contract, this clause helps ensure that both parties understand their responsibilities and deadlines, thereby reducing the risk of disputes related to timing or performance expectations.
During the Period of Performance. The Recipient may use program income earned during the period of performance of the Underlying Agreement as follows:
(i) The Recipient may retain the income for other capital or operating public transportation expenses. If the Recipient chooses not to use program income for current or future FTA Grants or Cooperative Agreements or for other purposes ineligible for federal participation, then the amount of program income used for purposes ineligible for federal participation will be deducted from the total allowable costs to determine the net allowable costs.
(ii) For each Public Transportation Innovation, Technical Assistance, Workforce Development Project or Enhanced Mobility of Seniors and Individuals with Disabilities project, or related activities, the Recipient may add program income to the Award.
(iii) Depending on federal statutory or regulatory restrictions, the Recipient may use the program income for the non-federal share for a future public transportation Project that will receive federal assistance provided by FTA.
During the Period of Performance. The Recipient may use program income earned during the period of performance of the Underlying Agreement as follows:
(a) The Recipient may retain the income for other capital or operating public transportation expenses. If the Recipient chooses not to use program income for current or future FTA Grants or Cooperative Agreements or for other purposes ineligible for federal participation, then the amount of program income used for purposes ineligible for federal participation will be deducted from the total allowable costs to determine the net allowable costs.
(b) For each Public Transportation Innovation, Technical Assistance or Workforce Development Project or related activities, the Recipient may add to the Award.
(c) The Recipient may use the program income for the non-federal share for a future public transportation Project that will receive federal assistance provided by FTA.
During the Period of Performance. The Recipient may use program income earned during the period of performance of the Underlying Agreement as follows:
(a) TheRecipient may retain the income for other capital or operating public transportation expenses. If the Recipient chooses not to use program income for current or future FTA Grants or Cooperative Agreements or for other public transportation purposes, then the amount of program income used for non-public transportation related purposes will be deducted from the total allowable costs to determine the net allowable costs.
(b) For each Research-type Project or related activities, the Recipient may add to the Award.
(c) Under the conditions set forth in section 6.c of this Master Agreement, the Recipient may use the program income for the non-federal share for a future public transportation Project that will receive federal assistance provided by FTA.