INTEREST OF THE RECIPIENT Clause Samples

INTEREST OF THE RECIPIENT. The Recipient covenants that neither it nor any of its officers, Board Members or employees presently have any interest and shall not acquire any interest, direct or indirect, which would conflict in any manner or degree with the performance of the Services. The Recipient further covenants that in the performance of this Agreement, no person having such interest shall be employed.
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INTEREST OF THE RECIPIENT is added as follows: RECIPIENT covenants that it presently has no interest and shall not acquire any interest, direct or indirect, which would conflict in any manner or degree with the performance of services required under the Agreement. RECIPIENT further covenants that in the performance of the Agreement no person having any such interest shall be employed. RECIPIENT further certifies that neither it nor any person performing services herewith shall engage in any activity that conflicts with the goals and objectives of the Project activities. RECIPIENT further certifies that it has made a complete disclosure to MTC of all facts of which it is or should be aware bearing upon any possible interest, direct or indirect, which it believes any member, officer, agent or employee of RECIPIENT presently has, or will have in the Agreement, or in the performance thereof, or in any portion of the profits thereunder. Willful failure to make such disclosure, if any, shall constitute grounds for cancellation and termination hereof by MTC.
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Related to INTEREST OF THE RECIPIENT

  • Interest of Consultant The Consultant covenants that it presently has no interest and shall not acquire any interest, direct or indirect, which would conflict in any manner or degree with the performance of services required to be performed under this Agreement. The Consultant further covenants that in its performance of this Agreement no person having any such interest shall be employed.

  • INTEREST OF CONTRACTOR The Contractor covenants that he presently has no interest and shall not acquire any interest direct or indirect, which would conflict in any manner or degree with the performance of services required to be performed under this Agreement. The Contractor further covenants that in the performance of this Agreement no person having any such interest shall be employed.

  • Cost of the Work The sum of all allowable costs necessarily incurred and paid by Contractor in the proper performance of the Work.

  • Subrecipients when submitting financial reporting packages to DEO for audits done in accordance with 2 CFR 200, Subpart F - Audit Requirements, or Chapters 10.550 (local governmental entities) and 10.650 (nonprofit and for-profit organizations), Rules of the Auditor General, should indicate the date that the reporting package was delivered to Subrecipient in correspondence accompanying the reporting package.