Common use of Remaining Balance Clause in Contracts

Remaining Balance. In the event the Grantee does not submit invoices requesting all of the funds encumbered under this Grant Agreement, any remaining funds revert to the State. The State will notify the Grantee stating that the Project file is closed and any remaining balance will be disencumbered and unavailable for further use under this Grant Agreement.

Appears in 57 contracts

Sources: Grant Agreement, Subrecipient Agreement, Grant Agreement

Remaining Balance. In the event the Grantee does not submit invoices requesting all of the funds encumbered under this Grant Funding Agreement, any remaining funds revert to the State. The State will notify the Grantee stating that the Project file is closed closed, and any remaining balance will be disencumbered and unavailable for further use under this Grant Funding Agreement.

Appears in 6 contracts

Sources: Subaward Agreement, Subaward Agreement, Funding Agreement

Remaining Balance. In the event the Grantee does not submit invoices requesting all of the funds encumbered under this Grant Agreement, any remaining funds revert to the State. The State will notify the Grantee stating that the Project file is closed closed, and any remaining balance will be disencumbered and unavailable for further use under this Grant Agreement.

Appears in 1 contract

Sources: Grant Agreement