Common use of Premature Withdrawal Clause in Contracts

Premature Withdrawal. The Federal Government retains a Federal interest in the fair market value of Project property (including FTA-funded equipment acquired by a State) prematurely withdrawn from public transportation use, and therefore:

Appears in 6 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

Premature Withdrawal. The Federal Government retains a Federal federal interest in the fair market value of Project project property (including FTA-funded project equipment acquired by a Statestate) prematurely withdrawn from public transportation use. The Recipient will notify FTA immediately when any of its project property is prematurely withdrawn from appropriate use, and therefore:whether by planned withdrawal, misuse, or casualty loss.

Appears in 2 contracts

Sources: Master Agreement, Master Agreement

Premature Withdrawal. The Federal Government retains a Federal federal interest in the fair market value of Project project property (including FTA-funded project equipment acquired by a Statestate) prematurely withdrawn from public transportation use. The Recipient will notify FTA immediately when any of its project property is prematurely withdrawn from appropriate use, and therefore:whether by planned withdrawal, misuse, or casualty loss.β€Œ

Appears in 1 contract

Sources: Master Agreement