RECOVERABLE GRANT AGREEMENT This RECOVERABLE GRANT AGREEMENT (this Agreement), dated as of DATE TBD (the Effective Date), is entered into by and between PRIME Coalition, Inc. (PRIME), and Company.
Open form follow the instructions
Easily sign the form with your finger
Send filled & signed form or save
How to fill out the MA Prime Coalition Recoverable Grant Agreement online
The MA Prime Coalition Recoverable Grant Agreement is a crucial document for securing funding to support innovative solutions for addressing climate change. This guide will provide you with step-by-step instructions to fill out the agreement efficiently and accurately online.
Follow the steps to complete the agreement successfully.
- Click ‘Get Form’ button to obtain the agreement and open it in the editing interface.
- Enter the Effective Date in the designated field. This date marks the commencement of the agreement, and it is vital to ensure accuracy.
- Provide the Company Name in the appropriate field to identify the party receiving the grant. This must match the official name registered with any relevant authorities.
- Describe the Company Technology briefly, focusing on its relevance to climate change. Be concise yet informative to clearly convey the purpose of the grant.
- Specify the Grant amount in the provided field. It is essential to review any conditions that accompany this funding, ensuring alignment with the proposed use of funds.
- In Section I, outline the intended use of funds. Detail how these funds will contribute to charitable purposes and impact on climate change, as required.
- In Section II, review the payment terms carefully to understand when the grant will be disbursed. Ensure you submit a countersigned copy of the agreement to initiate payment.
- Complete Section III regarding repayment obligations. Familiarize yourself with the term 'Liquidity Event' and the financial conditions it entails.
- Address the representations in Section IV. Confirm that your company is duly organized and has the authority to enter into this agreement by checking all applicable boxes.
- Provide any required reports in Section V regarding the usage of grant funds. Familiarize yourself with the reporting timeline and the metrics needed for annual reports.
- Carefully read through Section VI, making sure to understand the indemnification clauses. Ensure your company can comply with these terms.
- Countersign the agreement at the designated space at the end of the document, confirming agreement to the terms outlined above.
- Select from the available options to save changes, download, print, or share the completed agreement, ensuring successful submission.
Complete your MA Prime Coalition Recoverable Grant Agreement online today to secure funding for your innovative climate solutions.
Experience a faster way to fill out and sign forms on the web. Access the most extensive library of templates available.
Related content
by S Kearney · 2020 — Abstract. PRIME Coalition Inc. constructed a first-of-its-kind...
The report of the federally-funded Public Health District Incentive Grant (PHDIG) Program...
Through grant funding and media messaging, OGR seeks to change driver, passenger, and non...
Get answers to your most pressing questions about US Legal Forms API.
Is recoverable grant PRI?
ike PRIs, recoverable grants are used to finance revenue-generating charitable projects, and they must meet the same programmatic and charitable criteria as those established for PRIs.
What is the purpose of a grant agreement?
Grant agreements typically specify what the funds are intended to be used for, any conditions of funding (such as acquiring matching funds or executing a deed restriction), reporting and monitoring requirements, and what remedies would be required should the funds be used improperly or not entirely used.
How does a recoverable grant work?
Recoverable grants are a form of charitable giving. Donors should be prepared that funds may not be recovered and are a permanent and irrevocable gift to the nonprofit. While there is potential for grant recovery to the recommender's MS GIFT account, the grant is an irrevocable gift to the nonprofit.
What is a recoverable grant agreement?
A “recoverable grant” is not a legally defined term, so individual grant makers and social investors may define recoverable grants differently. Recoverable grants are different from a charitable grant in that grantors hope to get their money back to recycle the capital into future social impact projects.
What is the difference between a loan and a recoverable grant?
Recoverable grants are different from loans in that they are forgivable. Grantors may consider forgiving repayment under extraordinary circumstances, and in Echoing Green's case, are not repayable unless the recipient company is financially successful.
Use professional pre-built templates to fill in and sign documents online faster. Get access to thousands of forms.
If you believe that this page should be taken down, please follow our DMCA take down process here.