Common use of Conditions to Triumph's Obligations to Disburse the Grant Clause in Contracts

Conditions to Triumph's Obligations to Disburse the Grant. Within forty-five (45) days of receipt of an Application for Disbursement under Section 4.1 above, Triumph shall either approve or disapprove of the Application for Disbursement in a written notice to GCSD. If Triumph approves the Application for Disbursement, then it shall disburse the approved amount to GCSD within thirty (30) days after delivery of the notice of approval. If Triumph disapproves the Application for Disbursement, Triumph shall state in the notice of disapproval the reasons for such disapproval. If the stated reasons for disapproval can be cured by GCSD’s submittal of missing or corrective items, GCSD shall have thirty (30) days following receipt of the notice of disapproval to submit such missing or corrective items. If Triumph fails to approve or disapprove of the Application for Disbursement within forty-five (45) days of receipt, such Application for Disbursement shall be deemed disapproved. Reasons for disapproving an Application for Disbursement must include one or more of the following:

Conditions to Triumph's Obligations to Disburse the Grant. Within forty-five (45) days of receipt of an Application for Disbursement under Section 4.1 above, Triumph shall either approve or disapprove of the Application for Disbursement in a written notice to GCSDSRC. If Triumph approves the Application for Disbursement, then it shall disburse the approved amount to GCSD SRC within thirty (30) days after delivery of the notice of approval. If Triumph disapproves the Application for Disbursement, Triumph shall state in the notice of disapproval the reasons for such disapproval. If the stated reasons for disapproval can be cured by GCSDSRC’s submittal of missing or corrective items, GCSD SRC shall have thirty (30) days following receipt of the notice of disapproval to submit such missing or corrective items. If Triumph fails to approve or disapprove of the Application for Disbursement within forty-five (45) days of receipt, such Application for Disbursement shall be deemed disapproved. Reasons for disapproving an Application for Disbursement must include one or more of the following:

Conditions to Triumph's Obligations to Disburse the Grant. Within forty-five (45) days of notification and receipt of an Application for Disbursement under Section 4.1 aboveabove that includes all required supporting documents, Triumph shall either approve or disapprove of the Application for Disbursement in a written notice to GCSDDisbursement. If Triumph approves the Application for Disbursement, then it shall disburse the approved amount to GCSD WCSO within thirty (30) days after delivery of the notice of approval. If Triumph disapproves the Application for Disbursement, Triumph shall state in the deliver a notice of disapproval within such forty-five (45) day period that states the reasons for such disapproval. If the stated reasons for disapproval can be cured by GCSDWCSO’s submittal of missing or corrective items, GCSD WCSO shall have thirty (30) days following receipt of the notice of disapproval to submit such missing or corrective items. If Triumph fails to approve or disapprove notify WCSO of its disapproval of the Application for Disbursement within forty-five (45) days of receipt, such Application for Disbursement shall be deemed disapproved. Reasons for disapproving an Application for Disbursement must include one or more of the following:

Conditions to Triumph's Obligations to Disburse the Grant. Within forty-five (45) days of receipt of an Application a Request for Disbursement under Section 4.1 3.1(b)(ii) above, Triumph shall either approve or disapprove of the Application Request for Disbursement in a written notice to GCSDWCSB. If Triumph approves the Application Request for Disbursement, then it shall disburse the approved amount to GCSD WCSB within thirty (30) days after delivery of the notice of approval. If Triumph disapproves the Application Request for Disbursement, Triumph shall state in the notice of disapproval the reasons for such disapproval. If the stated reasons for disapproval can be cured by GCSDWCSB’s submittal of missing or corrective items, GCSD WCSB shall have thirty (30) days following receipt of the notice of disapproval to submit such missing or corrective items. If Triumph fails to approve or disapprove of the Application Request for Disbursement within forty-five (45) days of receipt, such Application Request for Disbursement shall be deemed disapproved. Reasons for disapproving an Application a Request for Disbursement must include one or more of the following:

Conditions to Triumph's Obligations to Disburse the Grant. Within forty-five (45) days of receipt of an Application for Disbursement under Section 4.1 above, Triumph shall either approve or disapprove of the Application for Disbursement in a written notice to GCSDFCSB. If Triumph approves the Application for Disbursement, then it shall disburse the approved amount to GCSD FCSB within thirty (30) days after delivery of the notice of approval. If Triumph disapproves the Application for Disbursement, Triumph shall state in the notice of disapproval the reasons for such disapproval. If the stated reasons for disapproval can be cured by GCSDFCSB’s submittal of missing or corrective items, GCSD FCSB shall have thirty (30) days following receipt of the notice of disapproval to submit such missing or corrective items. If Triumph fails to approve or disapprove of the Application for Disbursement within forty-five (45) days of receipt, such Application for Disbursement shall be deemed disapproved. Reasons for disapproving an Application for Disbursement must include one or more of the following:

Conditions to Triumph's Obligations to Disburse the Grant. Within forty-five (45) days of receipt of an Application for Disbursement under Section 4.1 above, Triumph shall either approve or disapprove of the Application for Disbursement in a written notice to GCSDSBEC. If Triumph approves the Application for Disbursement, then it shall disburse the approved amount to GCSD SBEC within thirty (30) days after delivery of the notice of approval. If Triumph disapproves the Application for Disbursement, Triumph shall state in the notice of disapproval the reasons for such disapproval. If the stated reasons for disapproval can be cured by GCSDSBEC’s submittal of missing or corrective items, GCSD SBEC shall have thirty (30) days following receipt of the notice of disapproval to submit such missing or corrective items. If Triumph fails to approve or disapprove of the Application for Disbursement within forty-five (45) days of receipt, such Application for Disbursement shall be deemed disapproved. SBEC shall have the right to request in writing the reasons for disapproval and, upon receipt of such reasons, SBEC shall have thirty (30) days to remedy such reasons. Reasons for disapproving an Application for Disbursement must include one or more of the following: