This grant will be paid in the amount indicated above following approval by the Board of Directors. This grant is for the period beginning December 1, 2022 and ending March 31, 2023. The Community Foundation reserves the right to discontinue, modify, or withhold any payments that might otherwise be due under this grant, to require a refund of any unexpended grant funds, or both, if, in The Community Foundation’s judgment:
(1) Grant funds have been used for purposes other than those contemplated by this terms of agreement.
(2) Such action is necessary to comply with the requirements of any law or regulation affecting either the Grantee’s or The Community Foundation’s responsibilities under the grant; or
(3) The Grantee’s performance under the grant has not been satisfactory. The Community Foundation in its sole and absolute discretion will determine whether performance has been satisfactory.
The Community Foundation’s judgment on these matters will be final and binding.