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is <br />Grantee shall not use funds awarded under this Agreement to substitute or supplant <br />funds from other sources that are currently supporting any existing services. <br />2. Cost Principles- Grazrtee shall follow all applicable cost principles, including but not <br />limited to Federally established guidelines: OMB Circular A-87, OMB Circular A-22, or <br />OMB Circular A-122 as recommended by the NC State Auditor. <br />3, Travel and Subsistence Rates- All travel and subsistence expenses must be reimbursed <br />under the prevailing State rates and policies for State employees. State travel rates may <br />be found in the Budget Manual at www.osbmstate.nc.us. All conference registration and <br />related travel expenses over $75.00 must be pre-approved in writing by Commission <br />staff. International travel shall not be reimbursed under this Contract. <br />E. For-Profit Prohibited -Grantee will not direct Clients of this Project to purchase goods or services <br />from any for-profit entities with whom Grantee has a formal or informal relationship. <br />P. Inability to Perform -Grantee will immediately notify the Commission in writing of any event that <br />may significantly affect its ability to perform the Project, including but not limited to the loss of <br />funding from any other sources or chazrges in the organization's status, staff make-up or shucture. <br />G. Binding Obligation-ThisAgreementconstitutesabindingobligationofGrantee,enforceableagainst <br />it in accordance with its terms, <br />H. Authority and Approvals -Execution and delivery of this Agreement have been duly authorized by all <br />necessary action on the part of Grantee. The Agreement does notviolate any applicable organizational <br />document of the Grantee or any agreement or undertaking to which it is a Party or by which it is <br />otherwise bound. All consents or approvals, if any aze required, from any governmental authority(ies) <br />as a condition to the execution and delivery of this Agreement by the Grantee or the performance of <br />any of its obligation under the Agreement have been obtained. <br />I. No Adversarial Proceedings -There is no action, suit, proceeding, or investigation in law or equity or <br />before any court, public board or body pending or to the Grantee's knowledge, threatened against or <br />affecting it, that could or might adversely affect the Project or any of the transactions contemplated by <br />the Agreement, the validity or enforceability of the Agreement or the Grantee's ability to discharge its <br />obligations under this Agreement.. <br />I. Insurance and Indemnity -Grantee has sufficient insurance and/or adequate resources to protect itself, <br />the Commission, the Commission staff and others against any liability or loss as set forth in Section <br />VIII below. <br />Section IV Grantee's Obligations <br />The Grantee agrees to perform the following: <br />A. Performance Obligations: <br />Scope of Project -Grantee shall in a timely and professional manner develop, perform and <br />complete all the work set out in Attachments A, A-I, A-2, A-3 and A-4 The work shall be <br />performed in the Area of Service designated in Attachment C. <br />