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GENERAL TERMS AND CONDITIONS <br /> GENERAL GRANT <br /> FEDERAL FUNDS <br /> 1. Stop work under the Grant on the date, and to the extent specified, in the notice; <br /> 2. Place no further orders or subgrants/subcontracts for materials,services,or facilities except as <br /> may be necessary for completion of such portion of the work under the Grant that is not <br /> terminated; <br /> 3. Assign to COMMERCE, in the manner, at the times, and to the extent directed by the <br /> Authorized Representative, all of the rights, title, and interest of the Grantee under the orders <br /> and subgrants/subcontracts so terminated, in which case COMMERCE has the right, at its <br /> discretion, to settle or pay any or all claims arising out of the termination of such orders and <br /> s u b g ra nts/subcontracts; <br /> 4. Settle all outstanding liabilities and all claims arising out of such termination of orders and <br /> subcontracts, with the approval or ratification of the Authorized Representative to the extent <br /> the Authorized Representative may require, which approval or ratification shall be final for all <br /> the purposes of this clause; <br /> 5. Transfer title to COMMERCE and deliver in the manner, at the times, and to the extent directed <br /> by the Authorized Representative any property which, if the Grant had been completed, would <br /> have been required to be furnished to COMMERCE; <br /> 6. Complete performance of such part of the work as shall not have been terminated by the <br /> Authorized Representative; and <br /> 7. Take such action as may be necessary, or as the Authorized Representative may direct, for <br /> the protection and preservation of the property related to this Grant,which is in the possession <br /> of the Grantee and in which COMMERCE has or may acquire an interest. <br /> 39. TREATMENT OF ASSETS <br /> Title to all property furnished by COMMERCE shall remain in COMMERCE. Title to all property <br /> furnished by the Grantee,for the cost of which the Grantee is entitled to be reimbursed as a direct item <br /> of cost under this Grant, shall pass to and vest in COMMERCE upon delivery of such property by the <br /> Grantee.Title to other property,the cost of which is reimbursable to the Grantee under this Grant, shall <br /> pass to and vest in COMMERCE upon (i) issuance for use of such property in the performance of this <br /> Grant, or (ii) commencement of use of such property in the performance of this Grant, or (iii) <br /> reimbursement of the cost thereof by COMMERCE in whole or in part, whichever first occurs. <br /> A. Any property of COMMERCE furnished to the Grantee shall, unless otherwise provided herein or <br /> approved by COMMERCE, be used only for the performance of this Grant. <br /> B. The Grantee shall be responsible for any loss or damage to property of COMMERCE that results <br /> from the negligence of the Grantee or which results from the failure on the part of the Grantee to <br /> maintain and administer that property in accordance with sound management practices. <br /> C. If any COMMERCE property is lost, destroyed or damaged, the Grantee shall immediately notify <br /> COMMERCE and shall take all reasonable steps to protect the property from further damage. <br /> D. The Grantee shall surrender to COMMERCE all property of COMMERCE prior to settlement upon <br /> completion,termination or cancellation of this Grant. <br /> All reference to the Grantee under this clause shall also include Grantee's employees, agents or <br /> Subgrantees/Subcontractors. <br /> 40. WAIVER <br /> Waiver of any default or breach shall not be deemed to be a waiver of any subsequent default or breach. <br /> Any waiver shall not be construed to be a modification of the terms of this Grant unless stated to be <br /> such in writing and signed by Authorized Representative of COMMERCE. <br /> 18 <br />