Amount of Disbursement. Following a request by the Borrower for a Loan disbursement, the City shall disburse only after meeting the following conditions.
Amount of Disbursement. The total amount of the Grant shall not exceed the amount authorized under this Agreement and may only be spent for eligible costs. Grant funds are subject to the availability of funds and may be rescinded or reduced. Grantee shall establish an account to deposit the Grant funds and shall maintain this account for purposes of payments of Project expenditures. A segregated sub-account may be used by Grantee provided the statement allows for the accounting of the receipt and expenditure of Grant funds, and the interest earned from these funds, separately from other funds in the account. Upon request, Grantee shall submit copies of all statements for such account or sub-account to CHFFA. At the end of the Grant Period (inclusive of any extensions permitted by CHFFA), any unused Grant funds, interest and investment earnings on such Grant funds revert to and shall be paid to the Authority.
Amount of Disbursement. Grant proceeds shall be disbursed up to the amount authorized under this Grant Agreement and only for Eligible Project Costs. Any unused Grant funds shall revert to the Authority.
Amount of Disbursement. Subject to compliance with the terms and conditions of this Agreement, the County shall disburse to the MSD the amount of Transportation Funds requested by the MSD in a Request for Disbursement for Reimbursable Project Costs, but in no event shall the County be required to disburse more than the Maximum Reimbursable Amount, in aggregate, over the Reimbursement Term. However, if the County determines that the MSD has not complied with all terms and conditions set forth in this Agreement or determines that the MSD’s Request for Disbursement is deficient in any respect, the County may, in its sole discretion, decline to make a disbursement, or may make a partial disbursement based on the extent to which the MSD has complied with the terms and conditions set forth in this Agreement. Notwithstanding the foregoing, the County will not reimburse the MSD for Reimbursable Project Costs to the extent such costs have been funded with non-MSD funds (e.g., other federal, state, or local grant funds).
Amount of Disbursement. The specific amount of any Disbursement shall not exceed the amount justified by (i) the Request for Disbursement and by the Supporting Documentation, or (ii) the projected Project Costs approved by KEDFA, in DCCD's sole discretion. The Authority agrees to deliver to KEDFA at any time and from time to time, upon request of DCCD, all Supporting Documentation of the actual payment of such Project Costs. Disbursements of the Grant shall be made by DCCD to the Authority in one or more draws upon (i) execution of this Agreement by each of the parties hereto, (ii) the full performance by all applicable parties of each of the conditions precedent to the Grant set forth in this Agreement and in each of the other Grant Documents, and upon (iii) the receipt by DCCD of a properly completed and executed Request for Disbursement to which shall be attached all Supporting Documentation for the amount requested.
Amount of Disbursement. (13 CFR § 307.11(c)) EDA will only disburse to Recipient an amount of RLF Award funds equal to the amount required to meet the Federal Share requirement of a new RLF loan. Recipient need not apply RLF Income earned or principal repaid to new RLF loans during the Disbursement Phase of the RLF Award, unless otherwise specified in the terms of the RLF Award.
Amount of Disbursement. Disbursements for construction of the Project will be limited to: (a) the cost of all work, materials and labor incorporated into the Project and materials stored on the Property (collectively, "Hard Costs"), which Hard Costs will be determined by Lender or the Inspector, less the Retainage (as described below), the aggregate amount of all previous disbursements for Hard Costs and Borrower's total equity requirement, and (b) 100% of all non-Hard Costs relating to the Project, to the extent provided for in the Budget and supported by invoices not more than 90 days old, less the aggregate amount of all previous disbursements for non-Hard Costs. All disbursements for Hard Costs will be subject to a retainage equal to the greater of (a) 5% or (b) the percentage being withheld in all payments from Borrower to the general contractor for non-Hard Costs. The Retainage will be 5% of Hard Costs. No disbursements will be made for materials or personal property not delivered to the Project. The retained Hard Costs will be disbursed by Lender when the requirements under the Section captioned Requirements Prior to Final Disbursement have been met. All such costs for which disbursement is made will be costs shown for such item on the approved Budget. No disbursements will be made for fees, profit and overhead of Borrower or any contractor. Lender will have no obligation to disburse amounts shown in the Budget as a "contingency" except as Lender may approve from time to time, regardless of the percentage of completion of the Project.
Amount of Disbursement. The amount of the IFC Disbursement will be the amount specified in the relevant Disbursement Request; and
Amount of Disbursement. Loan proceeds shall be disbursed up to the amount of the Loan shown in the Budget and only for Lender approved items. Changes in individual items comprising the Budget shall require the prior written request of Borrower and the written consent of Lender. However, Lender's obligations shall in no event exceed the Loan amount specified in this Loan Agreement. Any costs above this amount necessary for the completion of the Project shall be the sole responsibility of Borrower.
Amount of Disbursement. Subject to compliance with the terms of this Agreement, Lender shall direct Pledge Agent to make the disbursement of Loan Proceeds for the construction of the Improvements so long as the Loan is in balance. Retainages shall be separately treated with respect to particular discrete Project Elements, and shall be released or held as progress on the particular Project Element is made, without regard to state of completion of other Project Elements, Disbursements shall be subject to a 10% retainage from all contractors and materialmen, provided that retainages shall not be withheld with respect to construction of Big Boxes, unless the lease pursuant to which such construction is undertaken provides for retainages. There shall be no retainage for soft costs. The retainage as to the site work shall be disbursed upon the written request of Borrower after: (i) substantial completion of that portion of the Improvements constituting site work to the satisfaction of Lender in a good and workmanlike manner, in accordance with the Plans and Specifications and in accordance with all applicable building codes and (ii) Lender’s receipt of evidence satisfactory to it of such completion including, without limitation, a certificate of substantial completion with respect thereto on AIA Document G704 (or equivalent) by Borrower, borrower’s general contractor and Borrower’s architect. The retainage as to those portions of Improvements representing building shells (each a “Building Shell”) shall be disbursed upon the written request of Borrower after (A) substantial completion of the work as to the Building Shell to the satisfaction of Lender in a good and workmanlike manner, in accordance with the Plans and Specifications and in accordance with all applicable building codes and (B) Lender’s receipt of evidence satisfactory to it of such completion including, without limitation, a certificate of substantial completion with respect to thereto on AIA Document G704 (or equivalent) by Borrower, Borrower’s general contract and Borrower’s architect and, as applicable, a certificate(s) of occupancy issued by the governmental authority having jurisdiction to do so as to such work. The retainage as to the balance of a Project Element shall be disbursed upon the written request of Borrower after: (A) substantial completion of all the Improvements constituting such Project Element to the satisfaction of Lender in a good and workmanlike manner, in accordance with the Plans and Specification...
