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NOW THEREFORE , FCT and Recipient mutually agree as follows : <br /> ► Section I. 2 . is hereby replaced, revised and superseded by the following : <br /> 2 . The name Grant Contract is used to indicate that the project has been approved as a <br /> concept that was described in the Recipient' s application that was submitted and selected for <br /> funding by FCT (Application) . The Grant Contract is in every respect a contract between the <br /> parties and sets forth the requirements and responsibilities for acquisition and management of the <br /> Project Site, described in the Application . <br /> ► Sections I . 5 . and 16 . are hereby replaced, revised and superseded by the following : <br /> 5 . This Agreement may be terminated before its Expiration Date by the FCT if it is <br /> determined by the FCT that no significant progress is being made toward Project Plan approval , <br /> non-performance by the Recipient of the requirements listed or that other circumstances are <br /> present that would, in all likelihood, preclude or prevent the successful reimbursement for the <br /> acquisition costs for the Project Site within the established time frame . Prior to termination, <br /> notice of the proposed termination shall be mailed to the Recipient at the address given in <br /> paragraph 13 . <br /> 6 . Recipient agrees to submit the documentation to FCT that is required in this <br /> Agreement as soon as possible so that the Project Site acquisition costs may be reimbursed in an <br /> expeditious manner. Deadlines stated in this Agreement, as well as deadlines associated with any <br /> FCT activity relating to the project, are strictly enforced . Failure to adhere to deadlines , whether <br /> stated in this Agreement or associated with meetings of the FCT Governing Board, may result in <br /> delays in the project, may result in allocation of time or resources to other recipients that <br /> responded timely, and may result in this Agreement being terminated by FCT . <br /> It is the responsibility of the Recipient and its representatives to know all project deadlines, to <br /> devise a method of monitoring the project, and to adhere to all deadlines . The Recipient shall <br /> provide a monthly status report of progress towards reimbursement for the acquisition project <br /> costs to FCT . <br /> 02 - 058 -FF2 <br /> 02/09/04 <br /> CAAAMD . 1 <br /> 2 <br />