Availability of Other Funds. In exercising any discretion to distribute principal or Income granted to Trustee, the Trustee shall take into consideration other readily available funds of which it has knowledge, all applicable insurance coverage and tax consequences, as well as available governmental benefits, payments and programs. No discretionary power to distribute principal or Income provided for in this Agreement shall be construed to allow the payment therefrom of any specific expense or obligation of, or for, a beneficiary which is otherwise payable by any insurance or any governmental entity or pursuant to any governmental benefit or program.
Availability of Other Funds. It is a condition to the award of Grant Funds that Grantee provides additional funds from other sources to pay Project costs in excess of the Grant Funds. Grantee represents and warrants to Grantor that Grantee has obtained such additional funds or that Grantee has a binding commitment for such additional funds and, with the exercise of reasonable diligence, will have obtained such additional funds no later than the time such funds will be required to pay Project costs as and when such costs are incurred and payable. As a condition of the foregoing grant, Grantee agrees to expend, and Grantee shall expend, in support of the Project, the Cost Share Amount as set forth on page one of this Agreement. The Cost Share Amount shall be made available and used in accordance with the guidelines set forth in Exhibit I and Exhibit III, and Grantee shall be required to account for the expenditure of the Cost Share Amount from time to time during the Project Period (as defined in Section 3.1) in accordance with the cost share ratio set forth in Exhibit V. The Cost Share Amount must be used directly in support of the Project and not for coincidental or related/similar allocations. The Cost Share Amount must be necessary and directly allocable to activities that support the Project objectives. The entire Cost Share Amount shall be expended no later than the Project Completion Date (as set forth on page one of this Agreement). Resources designated for cost share cannot be used and counted against the Cost Share Amount if such resources have also been, or will be, counted toward satisfying a cost share requirement of another award of grant funds. If Grantee determines or has reason to believe that its cost share commitment under this Agreement will not be satisfied, Grantee shall notify Grantor immediately in writing. In the event Grantee is not able to provide the Cost Share Amount as required by this Agreement, Grantee shall be in default and Grantor may, in its discretion, either terminate this Agreement and the award of Grant Funds or reduce the award of Grant Funds to be received by Grantee.
Availability of Other Funds. It is a condition to the award of Grant Funds that Grantee provides Matching Funds, as defined in Section 4 of this Agreement, from other sources to pay Project costs more than the Grant Funds. Grantee represents and warrants to Grantor that Grantee has obtained such additional funds or that the Grantee has a binding commitment for such additional funds and with the exercise of reasonable diligence, will have obtained such additional funds no later than the time such funds will be required to pay Project costs as and when such costs are incurred and payable. Except as noted in Section 2 of this Agreement, no Grant Funds will be disbursed to reimburse Project costs unless and until Grantee obtains the additional funds necessary to pay the balance of the Project costs.
Availability of Other Funds. Grantee must provide additional funds from other sources to pay Project costs in excess of Grant Funds. Grantee represents and warrants to Grantor that Grantee has obtained such additional funds or that Grantee has a binding commitment for such additional funds and, with the exercise of reasonable diligence, will have obtained such additional funds no later than the time such funds will be required to pay Project costs as and when such costs are incurred and payable.
Availability of Other Funds. It is a condition to the award of Grant Funds that Grantee provides additional funds from other non-public sources to pay Project costs in excess of the Grant Funds. Grantee represents and warrants to Grantor that Grantee has obtained such additional funds or that Grantee has a binding commitment for such additional funds and, with the exercise of reasonable diligence, will have obtained such additional funds no later than the time such funds will be required to pay Project costs as and when such costs are incurred and payable. No Grant Funds will be disbursed to reimburse Project costs unless and until Grantee documents to Grantor that the training occurred and that related costs have been paid.
