Common use of Liability as Guaranty Clause in Contracts

Liability as Guaranty. Grantee will be liable as guarantor for any Grant Funds it obligates to a subrecipient or subcontractor pursuant to this ARTICLE in the event Grantor determines the funds were either misspent or are being improperly held and the subrecipient or subcontractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 17 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub-grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph 17.1 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 13 contracts

Sources: Grant Agreement, Grant Agreement, Inter Governmental Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub-grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph 17.1 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345200.344; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 7 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub- grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph 17.1 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 6 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it lawfully obligates to a subrecipient sub-grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph 17.1 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 4 contracts

Sources: Inter Governmental Agreement, Inter Governmental Agreement, Inter Governmental Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub-grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph 17.1 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 4 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement

Liability as Guaranty. Grantee will shallwill be liable as guarantor for any Grant Funds it obligates to a subrecipient sub-granteesubrecipient or subcontractor sub-contractorsubcontractor pursuant to this Paragraph XX.1this ARTICLE in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-granteesubrecipient or subcontractor sub-contractorsubcontractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 1 contract

Sources: Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub-grantee or subcontractor sub-contractor pursuant to this ARTICLE 17.1 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor is insolvent sub-contractor isinsolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 1 contract

Sources: Intergovernmental Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub-grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph XVII.1 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345200.344345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 1 contract

Sources: Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub-grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph 17.1 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 1 contract

Sources: Technical Services Grant Agreement

Liability as Guaranty. Grantee will be liable as guarantor for any Grant Funds it obligates to a subrecipient or subcontractor pursuant to this ARTICLE in the event Grantor determines the funds were either misspent or are being improperly held and the subrecipient or subcontractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).. Sample

Appears in 1 contract

Sources: Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub- grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph 0 in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 1 contract

Sources: Intergovernmental Grant Agreement

Liability as Guaranty. Grantee will shall be liable as guarantor for any Grant Funds it obligates to a subrecipient sub-grantee or subcontractor sub-contractor pursuant to this ARTICLE Paragraph XVII.1. in the event the Grantor determines the funds were either misspent or are being improperly held and the subrecipient sub-grantee or subcontractor sub-contractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).

Appears in 1 contract

Sources: Grant Agreement

Liability as Guaranty. Grantee will be liable as guarantor for any Grant Funds it obligates to a subrecipient or subcontractor pursuant to this ARTICLE in the event Grantor determines the funds were either misspent or are being improperly held and the subrecipient or subcontractor is insolvent or otherwise fails to return the funds. 2 CFR 200.345; 30 ILCS 705/6; 44 Ill. Admin. Code 7000.450(a).. Agreement No. HS-25-0329 Task Number 13-17

Appears in 1 contract

Sources: Highway Safety Grant Agreement