Responsibility of the Awardee Clause Samples

Responsibility of the Awardee. 1. The awardee is responsible and accountable for the management, control and use of all property furnished or acquired under the agreement. 2. In accordance with the award specific terms of the agreement and with 2 CFR § 200.313, the awardee shall maintain complete property and financial records and accounts pertaining to property furnished or acquired under the agreement. 3. The awardee shall account for all NSF-owned equipment not consumed in the performance of the agreement until relieved of such responsibility. The awardee shall furnish to the cognizant NSF Grants and Agreements Officer and the NSF Property Administrator all data necessary to substantiate any request for discharge from this responsibility. 4. The awardee shall inform the cognizant NSF Grants and Agreements Officer and the NSF Property Administrator in writing when inventoried NSF-owned equipment for which the awardee is responsible is located at a place other than the awardee’s location and is not being used in connection with the work under the agreement. 5. The awardee must report any loss or destruction of, or damage to, Government valuables in shipping per the Claims Pursuant to the Government Losses in Shipment Act, 31 CFR 361. This includes shipment inspections, record keeping, reporting of any loss, and claims for replacement. (a) Whenever the awardee ships government-titled scientific equipment or related works such shipments may be subject to coverage of valuables under the Government Losses in Shipment Act. Accordingly, the awardee must follow the steps provided at 31 CFR 361.4 through 361.6. Should event of loss, destruction or damage occur, the awardee will promptly notify NSF and provide sufficient information for NSF to file such report(s) and make such claim(s) as identified at 31 CFR 361.7 through 361.9. (b) In preparing shipments consistent with 31 CFR 361.4, the awardee must ensure that: (i) each shipment is inspected and verified by two responsible employees before final preparation (i.e., before sealing, locking, etc.) for delivery to the person, corporation or other entity effectuating the shipment; and (ii) shipment will be finally prepared for delivery in the presence of the two employees and before leaving their immediate control. (c) If strict compliance with the provisions at (b) is impossible or impracticable, the awardee will ensure that administrative officers have made adequate provision, through the establishment of accounting controls or otherwise, for ...
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Responsibility of the Awardee. 1. The Awardee is responsible and accountable for the management, control and use of all property furnished or acquired under this Agreement. 2. In accordance with the provisions of this Agreement and with OMB A-110, the Awardee shall maintain complete property and financial records and accounts pertaining to property furnished or acquired under this Agreement. 3. The Awardee shall account for all Government Property not consumed in the performance of this Agreement until relieved of such responsibility. The Awardee shall furnish to the Grants and Agreements Officer and the NSF Property Administrator all data necessary to substantiate any request for discharge from this responsibility. 4. The Awardee shall inform the Grants and Agreements Officer and the NSF Property Administrator when inventoried Government Property for which the Awardee is responsible is located at a place other than the Awardee’s location and is not being used in connection with the work under this Agreement.
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Responsibility of the Awardee. 1. The awardee is responsible and accountable for the management, control and use of all property furnished or acquired under this Agreement. 2. In accordance with the provisions of this Agreement and with 2 CFR § 200.313, the awardee shall maintain complete property and financial records and accounts pertaining to property furnished or acquired under this Agreement. 3. The awardee shall account for all NSF-owned Property not consumed in the performance of this Agreement until relieved of such responsibility. The awardee shall furnish to the cognizant NSF Grants and Agreements Officer and the NSF Property Administrator all data necessary to substantiate any request for discharge from this responsibility. 4. The awardee shall inform the cognizant NSF Grants and Agreements Officer and the NSF Property Administrator when inventoried NSF-owned Property for which the awardee is responsible is located at a place other than the awardee’s location and is not being used in connection with the work under this Agreement.
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Responsibility of the Awardee. The Awardee shall treat Awardee-owned property under this clause with an acquisition cost greater than $25,000 as if it were Government-owned Real and Personal Property. All terms and conditions applicable to Government-owned Real and Personal Property in accordance with the CA- SFATC-FFRDC, are hereby applied to property with an acquisition cost greater than this threshold to the Awardee-owned property mentioned in this clause. Equipment with an acquisition cost equal to or less than $25,000 is considered awardee property and shall be acquired and used in accordance the "Property Standards" under 2 CFR Part 200.
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Responsibility of the Awardee. The Awardee shall be responsible and accountable for the management, control, use, maintenance and repair of the DECam property and shall follow the applicable process and procedures as described in the MOU.
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Related to Responsibility of the Awardee

  • RESPONSIBILITY OF CONSULTANT Consultant shall take all responsibility for the work, shall bear all losses and damages directly or indirectly resulting to Consultant, to any subcontractor, to the City, to City officers and employees, or to parties designated by the City, on account of the performance or character of the work, unforeseen difficulties, accidents, occurrences or other causes to the extent predicated on active or passive negligence of the Consultant or of any subcontractor.

  • Responsibility of the Parties 5.1. The Parties undertake to indemnify each other for any damage (loss) caused by their partial or complete non-performance or improper performance of the Agreement, and the indemnification of damage (loss) does not relieve the Parties from the performance/payment of their obligations under the Agreement. 5.2. In addition, the Customer shall be liable for any damage (loss) caused to the Bank by its partial or complete non-performance or improper performance of the Agreement. Inter alia, unless the Bank decides otherwise, in the event of a breach of the term specified in the Section 3.3.4. of Annex N1 to the Collection Agreement, Bank is entitled to charge the Custumer with additional amount of the respective Interest (as the damage (loss) inflicted) for the period of breach of the term or the Bank shall be entitled to repay the above obligations not later than 14 (fourteen) calendar days after the written application. Indemnification of the damage (loss) does not release the Customer from the performance/payment of the obligations under the Agreement. 5.3. Without prejudice to the provisions of Sections 5.1. and 5.2. of Annex N1 to the Collection Agreement, in order to ensure full and proper performance of the Customer’s obligations under the Agreement, and, respectively, to secure the Bank’s rights and claims, the Customer hereby expressly gives its prior consent that the Bank is fully authorized to: 5.3.1. In the case of several debt arrears, determine the sequence and order of payments of 5.3.2. Block any Account of the Customer without acceptance in the amount of the payment due and in accordance with its applicable rules until any payment under the Agreement is fully and duly covered; 5.3.3. Write off without acceptance all payments due from the any Account of the Customer, and if the payment and the amount available on the Account are in different currencies, the Bank itself can perform conversion at the commercial rate of exchange applicable at the Bank on the date of payment or at the rate of exchange agreed with the Customer (if any), and write off also the conversion cost without acceptance from the Account, and channel the converted amount to cover the appropriate payments. 5.4. During the period of Force Majeure, the Bank shall not be liable for complete or partial nonfulfillment or improper fulfillment of its obligations under the Agreement. 5.5. In the event of Force Majeure, the Parties shall be guided by ICC Uniform Rules.

  • RESPONSIBILITY OF THE FUND With respect to each Loan held by the Custodian hereunder in accordance with the provisions hereof, the Fund shall (a) cause the Financing Documents evidencing such Loan to be delivered to the Custodian; (b) include with such Financing Documents an amortization schedule of payments (the “Payment Schedule”) identifying the amount and due dates of scheduled principal payments, the Interest Payable Date(s) and related payment amount information, and such other information with respect to the related Loan and Financing Documents as the Custodian reasonably may require in order to perform its services hereunder (collectively, “Loan Information”), in such form and format as the Custodian reasonably may require; (c) take, or cause the investment manager to take, all actions necessary to acquire good title to such Loan (or the participation in such Loan, as the case may be), as and to the extent intended to be acquired; and (d) cause the Custodian to be named as its nominee for payment purposes under the Financing Documents or otherwise provide for the direct payment of the Payments to the Custodian. The Custodian shall be entitled to rely upon the Loan Information provided to it by the Fund (or the investment manager acting on its behalf) without any obligation on the part of the Custodian independently to verify, investigate, recalculate, update or otherwise confirm the accuracy or completeness thereof; and the Custodian shall have no liability for any delay or failure on the part of the Fund in providing necessary Loan Information to the Custodian, or for any inaccuracy therein or incompleteness thereof. With respect to each such Loan, the Custodian shall be entitled to rely on any information and notices it may receive from time to time from the related bank agent, Obligor or similar party with respect to the related Loan, and shall be entitled to update its records on the basis of such information or notices received, without any obligation on its part independently to verify, investigate or recalculate such information.

  • Responsibility of PFPC (a) PFPC shall be under no duty to take any action on behalf of the Fund except as specifically set forth herein or as may be specifically agreed to by PFPC in writing. PFPC shall be obligated to exercise care and diligence in the performance of its duties hereunder, to act in good faith and to use its best efforts in performing services provided for under this Agreement. PFPC shall be liable for any damages arising out of PFPC's failure to perform its duties under this Agreement to the extent such damages arise out of PFPC's willful misfeasance, bad faith, negligence or reckless disregard of such duties. (b) Without limiting the generality of the foregoing or of any other provision of this Agreement, PFPC shall not be under any duty or obligation to inquire into and shall not be liable for (A) the validity or invalidity or authority or lack thereof of any Oral Instruction or Written Instruction, notice or other instrument which conforms to the applicable requirements of this Agreement, and which PFPC reasonably believes to be genuine; or (B) subject to Section 10, delays or errors or loss of data occurring by reason of circumstances beyond PFPC's control, including acts of civil or military authority, national emergencies, labor difficulties, fire, flood, catastrophe, acts of God, insurrection, war, riots or failure of the mails, transportation, communication or power supply. (c) Notwithstanding anything in this Agreement to the contrary, neither PFPC nor its affiliates shall be liable to the Fund for any consequential, special or indirect losses or damages which the Fund may incur or suffer by or as a consequence of PFPC's or its affiliates' performance of the services provided hereunder, whether or not the likelihood of such losses or damages was known by PFPC or its affiliates. (d) Notwithstanding anything in this Agreement to the contrary, the Fund shall not be liable to PFPC nor its affiliates for any consequential, special or indirect losses or damages which PFPC or its affiliates may incur or suffer by or as a consequence of PFPC's performance of the services provided hereunder, whether or not the likelihood of such losses or damages was known by the Fund.

  • Acknowledgement of Services and Responsibility of the Manager The Resident acknowledges that neither the Manager nor the Institution stands in loco parentis with respect to the Resident. The Residence provides living accommodations for independent students who are to be responsible and accountable for their personal needs and their interactions with their fellow residents as opposed to residential care. The Manager is responsible for the maintenance and operation of the residence. The Manager, in consultation with the Institution, may from time to time, in its sole and unfettered discretion, establish and/or amend policies, protocols and guidelines to uphold and ensure compliance with the standards set forth by the Manager, all of which will constitute part of the Residence Community Living Standards or Institution Code of Conduct, as appropriate. The Resident hereby acknowledges and agrees that they are solely responsible for their compliance with / review of such policies, protocols and guidelines (as may be created, amended, revised or restated by the Manager) found at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.