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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 />47. 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 />19