Use of Grant Moneys Clause Samples

The 'Use of Grant Moneys' clause defines how funds provided through a grant must be spent by the recipient. Typically, it restricts the use of grant money to specific purposes outlined in the grant agreement, such as project expenses, personnel costs, or equipment purchases directly related to the funded project. This clause ensures that the grantor’s funds are used appropriately and as intended, preventing misuse or diversion of resources and promoting accountability.
Use of Grant Moneys. Recipient shall use the Grant to implement the Project, as more particularly described in Exhibit A.
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Use of Grant Moneys. (a) The Administering Institution acknowledges and agrees that: (1) it must only use and permit Research Personnel involved in the Project to use the Grant for the purpose of performing the Project and direct costs associated with the Project and for no other purpose, project or research; (2) it must meet the normal overhead and operating expenses of the Administering Institution as required to support the Project and must not use any part of the Grant to cover any overhead costs, Excluded Employment Costs or other expenses of the Research Personnel or the Administering Institution; and (3) for the avoidance of doubt, the Funders are not responsible for any salary, employee on-costs or other entitlements or conditions of service in relation to any Research Personnel, except as explicitly included as part of the approved budget specified in the Grant Application. The Administering Institution must pay and otherwise take responsibility for any Excluded Employment Costs and other entitlements or conditions of service payable or due to its Research Personnel. (b) The Administering Institution acknowledges and agrees that it is solely responsible for administration of the Grant, including distribution of the Grant to the Research Personnel and all Collaborating Institutions involved in the Project, and accepts full financial responsibility for the Grant. 8 Refund of unused Grant to the Funders‌ (a) If the Agreement is terminated before the Project is complete, or the Project is completed without the expenditure of the entire Grant, the Administering Institution must:‌ (1) notify the Funders of the amount of any surplus funds within 20 Business Days of termination or completion of the Project; and‌ (2) return all remaining funds to the Funders in equal portions within a further 20 Business Days of providing notice to the Funders under clause 8(a)(1). (b) The Funders may, in its absolute discretion, negotiate with the Administering Institution in relation to the use of any of the surplus funds referred to in clause 8(a), by the Administering Institution, in relation to further breast cancer or ovarian cancer research or projects by the Administering Institution.
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Use of Grant Moneys. Recipient shall use the Grant only for the activities described in Exhibit A.
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Use of Grant Moneys. Recipient shall use the Grant to offset the ▇▇▇▇▇▇▇ Rural Fire Protection District’s revenue losses from the 2020 wildfires.
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Use of Grant Moneys. Recipient shall use the Grant to support the Deschutes County Stabilization Center for clinical and administrative operations that may include staff to provide services as well as associated administrative costs (“the Project”).
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Use of Grant Moneys. Recipient shall use the Grant to for [Brief grant description copied from BILL and budget report].
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Use of Grant Moneys. (1) Recipient shall use the Grant for the purpose of the new Kam ▇▇▇ ▇▇▇▇▇ Interpretive Center. The development of the new interpretive center, in partnership with the Oregon State Parks and Recreation Department (OPRD), will be on a 4-acre parcel adjacent to the Kam ▇▇▇ ▇▇▇▇▇ historic landmark at a site approved in OPRD’s 2009 Master Plan. It will feature over 6,500 square ft. of exhibit space with an improved visitor experience.
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Use of Grant Moneys 
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Related to Use of Grant Moneys

  • Use of Grant Funds Grantee shall use the Grant Funds only for Eligible Expenses as set forth in Appendix A and for no other purpose. Grantee shall expend the Grant Funds in accordance with the Budget and shall obtain the prior approval of City before transferring expenditures from one line item to another within the Budget.

  • Use of Grant 4.1 The Grant shall be used by the Recipient for the delivery of the Project in accordance with the agreed budget set out in Schedule 3. For the avoidance of doubt, the amount of the Grant that the Recipient may spend on any item of expenditure listed in column 1 of Schedule 3 shall not exceed the corresponding sum of money listed in column 2 without the prior written agreement of the Funder. 4.2 Where the Recipient has obtained funding from a third party in relation to its delivery of the Project (including without limitation funding for associated administration and staffing costs), the amount of such funding shall be included in the budget in Schedule 3 together with a clear description of what that funding shall be used for. 4.3 The Recipient shall not use the Grant to: (a) make any payment to members of its Governing Body; (b) purchase buildings or land; or (c) pay for any expenditure commitments of the Recipient entered into before the Commencement Date, unless this has been approved in writing by the Funder. 4.4 The Recipient shall not spend any part of the Grant on the delivery of the Project after the Grant Period. 4.5 Should any part of the Grant remain unspent at the end of the Grant Period, the Recipient shall ensure that any unspent monies are returned to the Funder or, if agreed in writing by the Funder, shall be entitled to retain the unspent monies to use for charitable purposes as agreed between the parties. 4.6 Any liabilities arising at the end of the Project including any redundancy liabilities for staff employed by the Recipient to deliver the Project must be managed and paid for by the Recipient using the Grant or other resources of the Recipient. There will be no additional funding available from the Funder for this purpose.

  • Term of Grant Agreement The term of this Grant Agreement begins on JANUARY 1, 2024, and ends three (3) years following the final payment unless otherwise terminated or amended as provided in this Agreement. However, all work shall be completed by MARCH 31, 2026, and no funds may be requested after APRIL 15, 2026.

  • Rights of Grantee The Restricted Shares subject to this grant shall be fully paid and nonassessable and shall be either: (i) represented by certificates held in custody by the Company until all restrictions thereon have lapsed, together with a stock power or powers executed by Grantee in whose name such certificates are registered, endorsed in blank and covering such Restricted Shares; or (ii) held at the Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such Restricted Shares, and endorsed with an appropriate legend referring to the restrictions hereinafter set forth. Grantee shall have the right to vote the Restricted Shares. Upon vesting of the Restricted Shares hereunder, the Grantee: (x) shall receive cash dividends or cash distributions, if any, paid or made by the Company with respect to common shares after the Date of Grant and prior to the vesting of the Restricted Stock; and (y) shall receive any additional Restricted Shares that Grantee may become entitled to receive by virtue of a Restricted Share dividend, a merger or reorganization in which the Company is the surviving corporation or any other change in the capital structure of the Company.

  • Terms of Grant The Participant hereby accepts the offer of the Company to issue to the Participant, in accordance with the terms of the Plan and this Agreement, [ ( )] shares of the Company’s Common Stock (such shares, subject to adjustment pursuant to Section 24 of the Plan and Subsection 2.1(h) hereof, the “Granted Shares”) at a per share purchase price of $0.001 (the “Purchase Price”), receipt of which is hereby acknowledged by the Company [by the Participant’s prior service to the Company and which amount will be reported as income on the Participant’s W-2 [or 1099] for this calendar year].