3. Extension Services grant - Laserfiche WebLink

1/1. GRANT PERIOD, TERMINATION AND REPAYMENT A. Grant Period. The grant period shall commence on the Effective Date of this Agreement and shall be in force and effect through December 31, 2003 or until the completion of the project as specified in the Grant Application. B. Termination. This Agreement shall automatically terminate upon expiration of the grant period; provided that all obligations which are by their nature continuing, including without limitation Sections II(B), III(C), IV, V and VI (A) though (C), shall survive any expiration or termination of this Agreement. This Agreement may be terminated by the Foundation at any time upon written notice to Grantee for any reason, including but not limited to: 1) The Foundation is not satisfied, in its sole discretion, with the performance of the project, Grantee's financial status, organizational structure or management team members, or 2) Grantee fails to comply with one or more conditions of this Agreement. If this Agreement is terminated prior to the scheduled completion of the project, as described in the Grant Application, the Grantee shall provide the Foundation with a full accounting of the grant amount, including without limitation, a description of all expenses relating to the project and receipts for grant funds expended. C. Repavment. 1. After the expiration of the final grant period, all allocated grant funds which have not been expended or for which expenditures have not been committed by executed contract or purchase order shall revert to the Foundation, and Grantee shall repay such amounts within 30 days after expiration of the grant period. 2. Within 30 days after demand by the Foundation, Grantee shall repay to the Foundation the amount requested to be repaid, including any interest earned thereon, in the event that the Foundation, in its sole discretion, determines that the Grantee: a. has violated the terms of the Grant Application or this Grant Agreement or prior Grant Applications or Grant Agreements; or b. has made an unauthorized use of grant funds; or c. has changed the purpose of the project, failed to conduct the specified project within the time frame set forth, or within the budget parameters set forth; or d. has changed its charitable purposes, or has ceased to be exempt under Section 501 (c)(3) of the Code, or has ceased to be a public charity or operation foundation as described in Sections 509 and 4942 of the Code, respectively. IV. ACCOUNTING A. Accounts and Records. Grantee shall establish and maintain accurate and complete accounts and financial and other records in relation to the receipt and expenditure of any and all grant funds for the project as set forth in the Grant Application, so that they adequately show the use of the grant funds exclusively for the purposes described in the Grant Application. These project accounts and records shall be retained by the Grantee from the Effective Date of this Agreement and for at least three (3) years following the completion of the grant project period. B. Audit. The project accounts and records of the Grantee shall be audited in the same manner as all other accounts and records of the Grantee are audited. The Grantee's project accounts and records (including but not limited to accounts and records relating to the project) may be audited and/or inspected on the Grantee's premises or otherwise by individuals or organizations designated and authorized by the Foundation at any time during the period specified in Section III(A) above and within three years thereafter. 2