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Tire Lease Agreement IFB TR 2025-01
<br /> FTA Interest. FTA has a vested interest in the settlement of any violation of federal law,
<br /> regulation, or requirement, or any disagreement involving the Award, the accompanying
<br /> Underlying Agreement, and any Amendments thereto including, but not limited to, a default,
<br /> breach, major dispute, or litigation, and FTA reserves the right to concur in any settlement or
<br /> compromise.
<br /> Notification to FTA; Flow Down Requirement. If a current or prospective legal matter that may
<br /> affect the Federal Government emerges,the Recipient must promptly notify the FTA Chief
<br /> Counsel and FTA Regional Counsel for the Region in which the Recipient is located. The
<br /> Recipient must include a similar notification requirement in its Third Party Agreements and must
<br /> require each Third Party Participant to include an equivalent provision in its subagreements at
<br /> every tier, for any agreement that is a"covered transaction"according to 2 C.F.R. §§ 180.220
<br /> and 1200.220.
<br /> The types of legal matters that require notification include, but are not limited to, a major
<br /> dispute, breach, default, litigation, or naming the Federal 97 Government as a party to litigation
<br /> or a legal disagreement in any forum for any reason. Matters that may affect the Federal
<br /> Government include, but are not limited to,the Federal Government's interests in the Award, the
<br /> accompanying Underlying Agreement, and any Amendments thereto, or the Federal
<br /> Government's administration or enforcement of federal laws, regulations, and requirements.
<br /> Additional Notice to U.S. DOT Inspector General. The Recipient must promptly notify the U.S.
<br /> DOT Inspector General in addition to the FTA Chief Counsel or Regional Counsel for the
<br /> Region in which the Recipient is located, if the Recipient has knowledge of potential fraud,
<br /> waste, or abuse occurring on a Project receiving assistance from FTA. The notification provision
<br /> applies if a person has or may have submitted a false claim under the False Claims Act, 31
<br /> U.S.C. § 3729, et seq., or has or may have committed a criminal or civil violation of law
<br /> pertaining to such matters as fraud, conflict of interest, bid rigging, misappropriation or
<br /> embezzlement, bribery, gratuity, or similar misconduct involving federal assistance. This
<br /> responsibility occurs whether the Project is subject to this Agreement or another agreement
<br /> between the Recipient and FTA, or an agreement involving a principal, officer, employee, agent,
<br /> or Third Party Participant of the Recipient. It also applies to subcontractors at any tier.
<br /> Knowledge, as used in this paragraph, includes, but is not limited to, knowledge of a criminal or
<br /> civil investigation by a Federal, state, or local law enforcement or other investigative agency, a
<br /> criminal indictment or civil complaint, or probable cause that could support a criminal
<br /> indictment, or any other credible information in the possession of the Recipient. In this
<br /> paragraph, "promptly" means to refer information without delay and without change. This
<br /> notification provision applies to all divisions of the Recipient, including divisions tasked with
<br /> law enforcement or investigatory functions. Federal Interest in Recovery. The Federal
<br /> Government retains the right to a proportionate share of any proceeds recovered from any third
<br /> party, based on the percentage of the federal share for the Underlying Agreement.
<br /> Notwithstanding the preceding sentence,the Recipient may return all liquidated damages it
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