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That the SECOND PARTY has requested for financial assistance/ counterpart funds from
the FIRST PARTY for the following projects/ program/ activity:
DESCRIPTION:
Financial assistance is for the ________________________________________________
That the foregoing project/ program/ activity has been determined by the FIRST PARTY to
be qualified for the financial assistance/ counterpart funding as requested by the SECOND PARTY.
NOW, THEREFORE, in view of the foregoing, the parties hereto hereby agree as follows:
3. Submit fund utilization report within sixty (60) days after the completion of project/
program/ activity. No succeeding fund releases shall be made without the compliance
of this requirement.
4. Cooperate and allow the FIRST PARTY to monitor the implementation of the project/
program / activity.
1. In the event that the project/ program / activity is no longer feasible or viable to be
implemented, or will not be implemented after the lapse of one (1) year from the
release of the fund, the SECOND PARTY shall return the unused amount to the FIRST
PARTY.
2. The program of work/ project brief or description/ activity design in support of the
conduct or implementation of the said project/ program / activity and all other
supporting documents shall be considered as an integral part/s of this MOU.
IN WITNESS WHEREOF, the parties hereto have signed this MOU this ____ day of
___________________ at City of Tagbilaran, Philippines.
JURAT