Subrecipient Agrees Sample Clauses
The 'Subrecipient Agrees' clause establishes the obligations and commitments that a subrecipient must accept as part of an agreement, typically in the context of grants or subawards. This clause outlines specific duties, such as compliance with applicable laws, reporting requirements, or performance standards that the subrecipient is expected to fulfill. By clearly stating these expectations, the clause ensures that both parties understand the subrecipient's responsibilities, thereby promoting accountability and reducing the risk of misunderstandings or non-compliance.
Subrecipient Agrees. In order to seek or obtain reimbursement funds for eligible Project costs, the Subrecipient agrees that:
a. It must execute the Project Grant Agreement or Amendment to the Project Grant Agreement for the Project.
b. It must have:
1. A properly signed document seeking payment for the expense, such as a Request for Reimbursement form (provided to the Subrecipient by the State), and
2. A properly detailed description supporting the relationship of the expense to the Project.
c. It must identify all sources of funds from which the payment is to be derived.
d. It must provide the State with all reports required to date, including but not limited to financial and progress reports.
e. It must have made and is making adequate progress toward Project completion.
f. If the Subrecipient must provide a local share, unless the State has stated otherwise in writing that the Subrecipient may defer the local share:
1. The Subrecipient will not request or obtain more funds than justified by eligible local share resources it has provided.
2. The Subrecipient will not cause the proportion of State funds available to the Project at any time to exceed the percentage authorized by the Project Grant Agreement; and
3. When combined with State payments, the Subrecipient will be able to demonstrate that its local share will be adequate to cover all the costs incurred for the Project.
Subrecipient Agrees. In order to seek or obtain reimbursement funds for eligible Project costs, the Subrecipient agrees that:
a) It must execute the Project Grant Agreement or Amendment to the Project Grant Agreement for the Project.
b) It must have:
c) It must identify all sources of funds from which the payment is to be derived.
d) It must provide the State with all reports required to date, including but not limited to financial and progress reports.
e) It must have made and is making adequate progress toward Project completion.
f) If the Subrecipient must provide a local share, unless the State has stated otherwise in writing that the Subrecipient may defer the local share:
Subrecipient Agrees. To perform objectives as described in the Scope of Work hereby incorporated into this Agreement as Appendix B.