Recoverable grant agreement 2026

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The document is a Recoverable Grant Agreement between PRIME Coalition, Inc. and a company, aimed at supporting the development and commercialization of innovative technology to address climate change. The agreement outlines the purpose of the grant, payment terms, repayment obligations upon a liquidity event, reporting requirements, confidentiality provisions, and indemnification clauses. It emphasizes that funds must be used for charitable purposes and details the conditions under which the grant must be repaid.

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Click ‘Get Form’ to open the recoverable grant agreement in the editor.
Begin by entering the effective date of the agreement in the designated field. This is crucial as it marks the start of your obligations under this agreement.
Fill in your company name where indicated, ensuring it matches your official registration documents for accuracy.
In Section I, clearly outline how you plan to utilize the grant funds. Be specific about the charitable purposes and ensure compliance with Section 501(c)(3) requirements.
Complete Section II by confirming payment terms. Ensure you understand that countersigning this document is necessary for fund disbursement.
Review Sections III through VI carefully, filling in any required information regarding repayment obligations, representations, and reporting commitments.
Finally, countersign at the end of the document and return it as instructed to finalize your agreement.

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2017	4.9 Satisfied (43 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a grant agreement with Erasmus?

Grant agreements may take the form of mono-beneficiary agreements, with the applicant being the single beneficiary, or multi-beneficiary agreements, where all partner organisations of the consortium become beneficiaries of the agreement.

What is the $10,000 stimulus grant?

The Targeted EIDL Advance provided funds of up to $10,000 to applicants who were in a low-income community, could demonstrate more than 30% reduction in revenue during an eight-week period beginning on March 2, 2020, or later, and had 300 or fewer employees.

What is the purpose of the 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.

Are there grants that need to be paid back?

Certain scenarios may require that a portion or all of the grant funds be repaid for example, if you withdraw from school before finishing an enrollment period such as a semester, or if you receive a TEACH Grant and do not complete your service obligation.

How does a reimbursement grant work?

Most federal grants are distributed based on a reimbursement process: the grantee expends their own funds and then requests repayment from the federal government for those expenditures.

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What is the $7,000 grant money?

Understanding the $7,000 Government Grant This grant supports low-income undergraduate students to help cover tuition, fees and other school-related expenses. Eligibility is typically based on financial need.

What does grant agreement mean?

A grant agreement is a contract between a federal entity and a company that sets the terms and conditions of a grant, including what it can be used for. The contract includes details about who each party is, why the grant is being requested, and what its approved use is.

What is a recoverable grant?

Recoverable Grants are a philanthropic tool that offer donors the potential to recover granted capital if the recipient charity meets a predetermined success scenario. Any funds recovered to your donor advised fund can then be used for future grant-making.

Recoverable grant agreement 2026

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