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- � -2- <br /> NOW THEREFORE, in consideration of the mutual covenants <br /> hereinafter set forth , this Agreement is made to provide State <br /> financial assistance to the G rantee in the form of a capital grant <br /> (hereinafter referred to as the "Grant"), to set forth the terms and <br /> conditions upon which the Grant will be made and to set forth the <br /> agreement of the Parties as to the manner in which tl�e Project will <br /> be undertaken, completed and used. <br /> ITEM 1 - THE PROJECT <br /> The Grantee agrees to undertake and complete the Project and <br /> to provide for the use of Project facilities and equipment as <br /> described in the Grantee's final application approved by the <br /> Department, as specified by the approved Project Budget and in <br /> accordance with this Agreement and all applicable laws. The <br /> Project, which is more particularly described in the plans, <br /> specifications and schedules set forth in the Grantee's final <br /> application, is generally described as: <br /> 1 . Purchase and installation of 5 <br /> engine injection systems. <br /> 2. Purchase and installation of a <br /> fuel distribution system <br /> 3. Purchase and shipping of one <br /> Detroit Diesel engine <br />