Common use of During the Period of Performance Clause in Contracts

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.