Improper Expenditures Sample Clauses

The Improper Expenditures clause defines and prohibits the use of funds for unauthorized, illegal, or unethical purposes within the scope of an agreement. It typically outlines what constitutes an improper expenditure, such as bribery, personal expenses, or costs not directly related to the contract's objectives, and may require the return of misused funds or impose penalties. This clause serves to ensure that all financial transactions under the agreement are legitimate and transparent, thereby protecting both parties from legal and reputational risks associated with misuse of funds.
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Improper Expenditures. Any item of expenditure by NLBA under the terms of this Contract which is found by auditors, investigators, and other authorized representatives of Fulton County to be improper, unallowable, in violation of federal or state law or the terms of this Contract, or involving any fraudulent, deceptive, or misleading representations or activities of NLBA, shall become NLBA’s liability, to be paid by NLBA from funds other than those provided by Fulton County under this Contract.
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Improper Expenditures. The Awardee expends Award funds on costs which are not Eligible Purposes in accordance with the RUS approved line item Project budget and the Form(s) 481 approved by RUS prior to the advance of funds;
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Improper Expenditures. Any item of expenditure by Wellspring under the terms of this Amended Contract which is found by auditors, investigators, and other authorized representatives of Fulton County or the federal government to be improper, unallowable, in violation of federal or state law or the terms of this Amended Contract, or involving any fraudulent, deceptive, or misleading representations or activities of Wellspring, shall become Wellspring’s liability, to be paid by Wellspring from funds other than those provided by Fulton County under this Amended Contract or any other agreements between Fulton County and Wellspring.
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Improper Expenditures. In the sole discretion of Grantee, or its successor, Grantee, or its successor, may recapture from Subrecipient any amount of Grant Funds improperly expended, either deliberately or non-deliberately, by any person or entity.
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Improper Expenditures. In the sole discretion of County, or its successor, County, or its successor, may recapture from Developer any amount of awarded funds improperly expended, either deliberately or non-deliberately, by any person or entity.
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Improper Expenditures. Should any expenditure of HOT Grants by Company be for a use that is found to be improper or illegal, the City shall have no liability in connection thereof, and Company agrees to indemnify and hold harmless the City for such amounts, provided Company shall have the right to contest such finding if Company reasonably believes such expenditure was made in accordance with the City approved Annual Plan and Budget. Subject to Company’s right to contest, Company further agrees that no later than thirty (30) days after receipt of written notification from the City, it will reimburse the City in an amount equal to the improper expenditure, plus interest at the rate of the prime rate per annum.
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Improper Expenditures. Any item of expenditure by Subrecipient under the terms of this Agreement for which a corresponding disbursement of the Subaward has been made that is found by auditors, investigators, other authorized representatives of BEAM, the U.S. Treasury, the Mississippi State Auditor or other federal or state instrumentality to be improper, unallowable, ineligible, in violation of federal or state law, or the terms of this Agreement, or involving any fraudulent, deceptive, or misleading representations or activities of Subrecipient, shall become Subrecipient’s liability, and shall be repaid by Subrecipient to BEAM, immediately upon notification of such; provided that the Subrecipient shall not use BEAM funds to satisfy such liability unless BEAM consents or so directs in writing. Notwithstanding the foregoing, if Subrecipient disputes the finding in writing to BEAM within 15 days of such notification, then repayment will not be due until immediately following notification of BEAM’s adverse determination of the dispute, which determination shall be in BEAM’s sole discretion. This provision shall survive the expiration or termination of this Agreement.
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Related to Improper Expenditures

  • Other Expenditures Any reasonable direct expenditure, other than expenditures which are covered by the foregoing provisions, incurred by the Manager for the necessary and proper conduct of Operations.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • ▇▇▇▇▇▇’S EXPENDITURES If any action or proceeding is commenced that would materially affect ▇▇▇▇▇▇’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by ▇▇▇▇▇▇▇▇. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.