Conditions Precedent to Each Disbursement. Agency’s obligation to disburse Grant money to Subrecipient pursuant to Section 2.03 is subject to satisfaction, with respect to each disbursement, of each of the following conditions precedent: Agency has received sufficient funds under VOCA to allow the Agency, in the reasonable exercise of its discretion, to make the disbursement; Agency has received a copy of the Certifications Regarding Lobbying, Debarment, Suspension and Other Responsibility Matters, and Drug-Free Workplace Requirements; Standard Assurances; Single Audit Certification Letter; Certification of Compliance with Regulations, Office for Civil Rights, Office of Justice Programs for Subgrants Issued by the Oregon Department of Justice; and Victims of Crime Act Special Conditions all in the form attached hereto as Exhibits E - I respectively, and incorporated herein by this reference, duly executed and delivered on behalf of Subrecipient by an authorized official of Subrecipient; Subrecipient certifies insurance coverage is in full force for the duration of this Agreement; If Subrecipient expends $750,000 or more in federal funds from all sources in a fiscal year, Subrecipient has submitted the most recent single organization-wide audit conducted in accordance with the provisions of 2 CFR Part 200, Subpart F; If Subrecipient agency does not claim an exemption from the EEOP requirement (Subrecipient is an educational, medical or non-profit institution or an Indian Tribe; or Subrecipient has less than 50 employees; or Subrecipient was awarded less than $25,000 in federal U.S. Department of Justice funds), Subrecipient has prepared, maintained on file, submitted to the Office for Civil Rights for review (if receiving a single award of $500,000 or more), and implemented an EEOP; No default as described in Section 6.03 has occurred; and Subrecipient’s representations and warranties set forth in Section 4 are true and correct on the date of disbursement with the same effect as though made on the date of disbursement.
Conditions Precedent to Each Disbursement. Unless waived or deferred in writing by MCC, the following conditions must have been met to MCC’s satisfaction prior to each Disbursement of the Grant (including the initial Disbursement of the Grant):
Conditions Precedent to Each Disbursement. The agreement of the Primary Lender to fund any Disbursement under this Agreement and any obligations of the Alternate Lender to fund any Disbursement under this Agreement shall be subject only to the Facility Agent's receipt of a Certificate Authorizing Disbursement, upon which each such Lender may conclusively rely.
Conditions Precedent to Each Disbursement. CHFFA’s obligation to make each disbursement of Grant funds during the Grant Period under this Agreement is subject to all of the following conditions:
Conditions Precedent to Each Disbursement. The Lender shall not be obliged to make a Disbursement unless the Global Agent shall have received the notifications referred to in Clause 4.2(b) (Conditions of Each Disbursement) of the Common Terms Agreement.
Conditions Precedent to Each Disbursement. Borrower shall comply with, and Lender's obligation to disburse each Loan Advance after the first Loan Advance shall be conditioned upon Borrower's performance of the following conditions precedent:
Conditions Precedent to Each Disbursement. LAUSD shall have the right to condition the release of any Disbursement from the Augmentation Grant Award upon LAUSD’s review and approval or written waiver of any and all of the following conditions: XXXXX’s receipt of a timely and complete Application, including without limitation, the contents of such Application; no Default under this Agreement, the Lease or the Use Agreement is then occurring or an event that with notice and the passage of time would constitute a Default under such agreements; LAUSD’s inspection of the improvements and verification of completion of improvements that were to have been constructed up to the date of the Application then being reviewed by LAUSD; and Prior to the first Application for Disbursement, Developer shall have delivered to LAUSD an officer's certificate, signed by an officer of Architect or Contractor, certifying to LAUSD that, based on the current Project plan and timeline, within sixty (60) days following the date of such officer's certificate, the cost required for Completion of Project Construction (including without limitation, the Specific Phase II Improvements) will be less than the sum of (i) Augmentation Grant Award plus (ii) $1,000,000.00, along with documentation evidencing the portion of the Project that has been completed and the portion of the Project remaining to be completed (and the cost thereof) as of the date of such certificate. Funding of the Disbursement. Provided that the conditions precedent have been reviewed and approved or waived by LAUSD, LAUSD shall use commercially reasonable efforts to wire the applicable Disbursement to an account specified and controlled by Developer within sixty (60) days of Developer’s timely and complete Application, which funds Developer shall thereafter use to pay for the Cost of the Project and for no other purpose.
Conditions Precedent to Each Disbursement. The obligation of the Authority to make any disbursements under the Agreement is subject to all of the following conditions:
Conditions Precedent to Each Disbursement. Lender's obligation to make the ----------------------------------------- initial Loan disbursement and each subsequent Loan disbursement under this Agreement shall be subject to the fulfillment to Lenders satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.
Conditions Precedent to Each Disbursement. At no time and in no event shall Lender be obligated to disburse funds:
(a) if any Event of Default as described herein or in the Mortgage shall have occurred and shall not have been cured, except that Lender may, at Lender's option, pay itself accrued interest to the extent that Loan proceeds allocated to an interest reserve in the Loan Budget remain undisbursed; or
(b) if Lender determines that construction of the Improvements cannot be completed within the time required by this Loan Agreement; or
(c) if, prior to the Loan closing and at all times during the term of the Loan, Lender is not satisfied, in its sole discretion, that the proceeds of the Loan remaining undisbursed will be sufficient to complete all of the site development according to the Plans and Specifications and to pay for all labor, materials and costs and all other costs and disbursements required to complete the site development, including interest and other non-construction costs. If required by Lender, Borrower shall pay with its own funds and furnish written documentation which satisfactorily accounts to Lender for all acquisition, development, or other construction costs in excess of the proceeds of this Loan necessary to fully complete the construction of the Improvements. Each such payment shall be expended before any or any other Loan disbursement will be made, and it shall be advanced as construction progresses; or
(d) if the Property shall have been damaged by fire or other casualty.
