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<br />19 <br /> <br />6. Complete performance of such part of the work as shall not have been terminated by the <br />Authorized Representative; and <br />7. Take such action as may be necessary, or as the Authorized Representative may direct, for the <br />protection and preservation of the property related to this Grant, which is in the possession of the <br />Grantee and in which COMMERCE has or may acquire an interest. <br />45. TREATMENT OF ASSETS <br />Title to all property furnished by COMMERCE shall remain in COMMERCE. Title to all property <br />furnished by the Grantee, for the cost of which the Grantee is entitled to be reimbursed as a direct <br />item of cost under this Grant, shall pass to and vest in COMMERCE upon delivery of such pr operty <br />by the Grantee. Title to other property, the cost of which is reimbursable to the Grantee under this <br />Grant, shall pass to and vest in COMMERCE upon (i) issuance for use of such property in the <br />performance of this Grant, or (ii) commencement of use of such property in the performance of this <br />Grant, or (iii) reimbursement of the cost thereof by COMMERCE in whole or in part, whichever first <br />occurs. <br />A. Any property of COMMERCE furnished to the Grantee shall, unless otherwise provided herein or <br />approved by COMMERCE, be used only for the performance of this Grant. <br />B. The Grantee shall be responsible for any loss or damage to property of COMMERCE that results <br />from the negligence of the Grantee or which results from the failure on the part of the Grantee to <br />maintain and administer that property in accordance with sound management practices. <br />C. If any COMMERCE property is lost, destroyed or damaged, the Grantee shall immediately notify <br />COMMERCE and shall take all reasonable steps to protect the property from further damage. <br />D. The Grantee shall surrender to COMMERCE all property of COMMERCE prior to settlement upon <br />completion, termination or cancellation of this Grant <br />All reference to the Grantee under this clause shall also include Grantee’s employees, agents or <br />Subgrantees/Subcontractors. <br />46. WAIVER <br />Waiver of any default or breach shall not be deemed to be a waiver of any subsequent default or <br />breach. Any waiver shall not be construed to be a modification of the terms of this Grant unless <br />stated to be such in writing and signed by Authorized Representative of COMMERCE. <br />