Common use of Other Projects Clause in Contracts

Other Projects. 6 6831983.9 1. Project ideas shall from time to time be solicited from the Governance Committee Members, other Federal and State Agencies or municipalities, the Trust Administrator, the Technical Working Groups, individuals, and organizations located along the route of the Facility and shall be submitted to the Governance Committee for consideration and approval. 2. The Governance Committee shall provide direction regarding the solicitation of potential projects, the selection of projects, and the disposition of monies from the Trust to pay for selected projects by and through the Trust Administrator. If the Governance Committee approves a solicitation for project proposals: i. The Trust Administrator will prepare and implement a customized RFP and recommend projects submitted in response to such RFP for approval and funding by the Governance Committee. Any such RFP shall include a clear statement of the purpose of this Trust, as established in Certificate Condition 165. The RFP will be issued through the Trust Administrator’s website. ii. The Governance Committee will verify that any projects selected and presented to the Governance Committee by the Trust Administrator for approval and funding are in accordance with the purposes set forth in Certificate Condition 165. iii. The Governance Committee may authorize the Trust Administrator to negotiate and execute Recipient Agreements on behalf of the Trust, and make corresponding disbursements of monies from the Trust, for the performance of the projects selected according to this Agreement. iv. The Trust Administrator will participate in annual technical reviews to evaluate the success of projects funded by the Trust. In such event, the Trust Administrator shall make available such personnel and other resources as are reasonably necessary to successfully participate in such reviews. 3. The Governance Committee may terminate or cancel a particular project approved under this section V.B., in whole or in part.

Other Projects. 6 6831983.9 1. Project ideas shall from time to time be solicited from the Governance Committee Members, other Federal and State Agencies or municipalities, the Trust Administrator, the Technical Working Groups, individuals, and organizations located along the route of the Facility and shall be submitted to the Governance Committee for consideration and approval. 2. The Governance Committee shall provide direction regarding the solicitation of potential projects, the selection of projects, and the disposition of monies from the Trust to pay for selected projects by and through the Trust Administrator. If the Governance Committee approves a solicitation for project proposals: i. The Trust Administrator will prepare and implement a customized RFP and recommend projects submitted in response to such RFP for approval and funding by the Governance Committee. Any such RFP shall include a clear statement of the purpose of this Trust, as established in Certificate Condition 165. The RFP will be issued through the Trust Administrator’s website. ii. The Governance Committee will verify that any projects selected and presented to the Governance Committee by the Trust Administrator for approval and funding are in accordance with the purposes set forth in Certificate Condition 165. iii. The Governance Committee may authorize the Trust Administrator to negotiate and execute Recipient Agreements on behalf of the Trust, and make corresponding disbursements of monies from the Trust, for the performance of the projects selected according to this Agreement. iv. The Trust Administrator will participate in annual technical reviews to evaluate the success of projects funded by the Trust. In such event, the Trust Administrator shall make available such personnel and other resources as are reasonably necessary to successfully participate in such reviews. 3. The Governance Committee may terminate or cancel a particular project approved under this section V.B., in whole or in part.