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e. To the extent any such changes negatively affect the purpose of the Grant, or aze not <br />authorized by S.L. 2006-151 and this Agreement, the e-NC may suspend funding pending <br />a determination that continued financial support is consistent with its statutory mandate; <br />or terminate the award and further performance. <br />f. The Parries ad ee that the e-NC Authority may assign this Agreement to its successor, if <br />any; or continue the Agreement by amending the term if legislation is enacted that does, <br />or may, affect the term of this agreement. <br />3. Term of Agreerrlent-. The effective period of this Agreement shall commence on 12/14/2007 (the <br />Effective Date); upon completion by the Pazties' authorized signatories, and shall terminate on <br />6/30/2008 (the Termination Date) unless sooner terminated under Paragraph 15; or amended to <br />extend said date by the e-NC Authority or its successor. <br />4. Fundin¢. <br />a. The e-NC grants to the GRANTEE an amount not to exceed 25 000.00. The Grant <br />funds shall be disbursed consistent with the procedures and terms of this Agreement. The <br />GRANTEE hereby represents and warrants that all such sums as may be awazded under <br />this grant shall be utilized exclusively for the purpose of the Project. <br />b. In the event the GRANTEE breaches any of the covenants or agreements contained in <br />this Paragraph 4, or any of the representations and warranties of Paragraphs 6, 11, 18, and <br />22 are untrue as to a material fact, the GRANTEE agrees to repay to the e-NC the full <br />amount of sums awazded under the Grant, and delivered pursuant to this Agreement. <br />c. Grantee agrees to match the Grant on a dollaz-for-dollar basis prior to Tune 30, 2008. <br />5. Title to Equipment. Title to equipment acquited by the GRANTEE with funds from this <br />Agreement shall vest in the GRANTEE, subject to the following conditions: <br />a. The GRANTEE shall use the equipment for the purposes of this Agreement. <br />b. For equipment costing in excess of $2,500.00, equipment controls and procedures shall <br />include detailed equipment records including, at a minimum, the following: <br />1. Description and location of the equipment, serial number, acquisition date/cost, <br />useful life and depreciation rate; <br />2. Source/percentage of funding for purchase and restriction as to use or <br />disposition; and <br />3. Disposition data, which includes date of disposal and sales price or method used <br />to determine fair mazket value. <br />c. Equipment shall be assigned a control number in the accounting records and shall be <br />tagged individually with a permanent identification number. <br />6. Independent Status of the GRANTEE: <br />a. It is agreed between the Pazties that neither this Agreement nor any provisions hereof <br />shall be deemed to create a paztnership or joint venture between the CENTER and the <br />GRANTEE; nor with the e-NC. It is further agreed that except for the rights expressly <br />granted to the CENTER or the e-NC in this Agreement, neither of them shall have any <br />proprietazy rights in the Project. <br />b. The Parties acknowledge that the GRANTEE is an independent entity. The GRANTEE <br />shall not represent itself as an agent of the CENTER; nor shall the Agreement be <br />construed so as to make the GRANTEE an agent of the CENTER. The GRANTEE shall <br />not have the ability to bind the CENTER to any agreement for payment of goods or <br />services, nor shall it represent to any person or entity that it has such ability. The <br />GRANTEE shall be responsible for payment of all its expenses, including rent, office <br />expenses and all forms of compensation to employees. The GRANTEE shall provide <br />F-g. <br />Page 2 of 12 <br />