Use of Funds / Supplanting Sample Clauses

The "Use of Funds / Supplanting" clause defines how provided funds must be used and prohibits their use to replace (or supplant) existing resources or expenditures. In practice, this means that grant or contract funds must be spent on new or additional activities rather than substituting for funds already allocated by the recipient for the same purpose. For example, if an organization receives a grant to support a program, it cannot reduce its own budget for that program and use the grant funds instead. This clause ensures that external funding results in an actual increase in resources or services, preventing recipients from simply shifting their own financial obligations and maintaining the intended impact of the funding.
Use of Funds / Supplanting. These funds shall be used to supplement and enhance existing local program activities and services and shall not replace existing services and activities, prevent the addition of new services and activities, and does not duplicate reimbursement of costs and services received from local funds or other sources. 1. APPROVAL: This Grant is of no force or effect until signed by both parties and approved by the Department of General Services, if required. The Grantee may not commence performance until such approval has been obtained 2. AMENDMENT: No amendment or variation of the terms of this Grant shall be valid unless made in writing, signed by the parties, and approved as required. No oral understanding or Agreement not incorporated in the Grant is binding on any of the parties. In no case shall the Department materially alter the scope of the Project set forth in Exhibit A.
Use of Funds / Supplanting. These funds shall be used to supplement and enhance existing local STD program activities and services and shall not replace existing services and activities, prevent the addition of new services and activities, and does not duplicate reimbursement of costs and services received from local funds or other sources.

Related to Use of Funds / Supplanting

  • Use of Funds Grantee shall expend funds under this Grant Agreement only for approved services and for reasonable and allowable expenses directly related to those services.

  • Use of Funding 4.1 Unless otherwise provided in this Schedule B, the HSP shall use all Funding allocated for a particular Envelope only for the use or uses set out in the Applicable Policy.

  • Use of Loan 3.1 The borrower shall use the long-term loan for purchasing 26.75% of shares of ICP Company and any other application of this long-term loan shall obtain earlier written consent from Sina Company. 3.2 During the life of loan, the borrower shall neither transfer partial or all its shares of ICP Company to any third party nor set any security against such shares without prior approval given by Sina Company in written form.