Disbursal of Grant Funds Sample Clauses

Disbursal of Grant Funds. In consideration of the Grantee’s satisfactory performance of the work required under this Agreement, including Appendix 1 and the Grantee’s compliance with the terms and conditions of this Agreement, the State shall disburse funds on a reimbursement only basis to the Grantee.
Sample 1
AutoNDA by SimpleDocs
Disbursal of Grant Funds. The Grant Funds will be disbursed from time to time to Grantee upon delivery and Grantor’s approval of the Schedule and each Report for each Awarded TGA in an amount that reflects properly documented Project expenditures less the apportioned Minimum Required Grantee Contributions, providing that Grantee is otherwise in compliance with this Agreement. Grantee will account for products actually delivered or services actually performed, documented in Grantee’s “Notice of Grant Expenditures” which shall be consistent with the requirements of Attachment D and delivered to Grantor once in each calendar month until the Grant Project is complete. In no event shall Grantee make any expenditure of the Grant Funds that is not part of, used in, or required by the Grant Project, consistent with the project budget supplied by Grantee in the Schedules. Xxxxxxx agrees to cooperate, at Xxxxxxx’s expense, with all Grantor’s reasonable effort to monitor and verify Xxxxxxx’s expenditures (of both Minimum Required Grantee Contributions and Grant Funds) and performance progress, including but not limited to on-site visits in the field and to Xxxxxxx’s offices. Grantor shall have the right to audit Xxxxxxx’s expenditure of the Grant Funds and the Minimum Required Grantee Contributions. Grantee shall make its records available for audit, at Grantor’s expense. However, where Xxxxxxx’s audit by a qualified auditor identifies (i) expenditures that are, cumulatively, ten percent (10%) or more above any budget for an Awarded TGA, or (ii) three or more incidences of expenditures inconsistent with the terms and conditions of the Agreement or the scope of the Grant Project, then Grantee shall reimburse Grantor for Grantor’s audit expenditures within sixty (60) days of Grantor’s written request. Xxxxxxx’s auditor will supply the audit in writing directed to and for the benefit of Xxxxxxx and Xxxxxxx.
Sample 1

Related to Disbursal of Grant Funds

  • Use of Grant Funds Grantee shall use the Grant Funds only for Eligible Expenses as set forth in Appendix A and for no other purpose. Grantee shall expend the Grant Funds in accordance with the Budget and shall obtain the prior approval of City before transferring expenditures from one line item to another within the Budget.

  • Recovery of Grant Funds The ICA requires the CRA to include in its contracts or grant agreements a “clawback” provision that requires the CRA to “clawback” or rescind and recover funding from any entity or contractor to which it provides funding which does not substantially comply with the provisions of its agreement with the CRA by demanding repayment of such funds in writing, including recovery of penalties or liquidated damages, to the extent allowed by law, as well as attorney’s fees and interest, and pursuing collection or legal action, to the fullest extent allowable by law, if feasible. Grantee and the CRA acknowledge and agree that Section 12 of this Agreement is intended to constitute the clawback provisions required by the ICA.

  • Return of Grant Funds City may demand the immediate return of any previously disbursed Grant Funds that have been claimed or expended by Grantee in breach of the terms of this Agreement, together with interest thereon from the date of disbursement at the maximum rate permitted under applicable law.

  • GRANT FUNDS The Provider will not commingle grant funds (payments and reimbursements made under this Agreement) with other personal or business accounts. The U.S. Department of Justice, DOJ Grants Financial Guide does not require physical segregation of cash deposits or the establishment of any eligibility requirements for funds which are provided to a Provider. The Provider’s accounting systems must ensure grant funds are not commingled with funds on either a program-by-program or a project-by-project basis. Grant funds specifically budgeted and received for one project may not be used to support another. Where the Provider's existing accounting system cannot comply with this requirement, the Provider will establish an additional accounting system to provide adequate grant fund accountability for each project. In accordance with the provisions of section 287.0582, Florida Statutes, if the terms of this Agreement and reimbursement contemplated by this Agreement extend beyond the current fiscal year, the OAG's performance and obligation to reimburse under this Agreement are contingent upon an annual appropriation and spending authority by the Florida Legislature. In addition, the OAG’s performance and obligation to reimburse under this Agreement is contingent upon the OAG's Victims of Crime Act award, as funded through the U.S. Department of Justice, Office for Victims of Crime formula grant program.

  • Payment of Grant On or before the 30th day following the close of each calendar quarter that falls within the Term, Grantee shall submit an invoice to Project Monitor detailing all Project Account costs for the prior three calendar months, to the extent that the prior three calendar months fall within the Term, along with all supporting documentation and support therefor, as described in Paragraph 7 of this Grant Contract. Costs contained in untimely, unsupported, or otherwise incomplete invoices shall be deemed Unauthorized Costs, for which Sponsor shall not be liable, directly or indirectly. Grantee shall submit invoices to the Human Services Office via email on the following dates: For the period of July – September, due on or before October 31, 2022 For the period of October – December, dues on or before January 31, 2023 For the period of January – March, due on or before April 28, 2023 For the period of April – June, due on or before June 30, 2023 Xxxxxxx’s invoices submitted hereunder shall be handled as all other claims against the Sponsor. No payment shall be made for Unauthorized Costs. The Sponsor shall authorize payment for Xxxxxxx’s invoices only after Project Monitor assures the Sponsor in writing that Services rendered by Grantee prior to the date of making the claim were performed in accordance with the Grant Contract, and that all costs conform to the Project Budget. Such assurance shall include the submission of all supporting documentation and support for costs as described in Paragraph 7 of this Grant Contract.

  • Nature of Grant In accepting the grant, the Participant acknowledges, understands and agrees that:

  • TERM OF GRANT AGREEMENT The term of this Grant Agreement begins on the date this Grant Agreement is executed by the State, through final payment plus three (3) years unless otherwise terminated or amended as provided in this Grant Agreement. However, all work shall be completed in accordance with the Schedule as set forth in Exhibit C.

  • Contract of Grantee Grantee shall provide the Project Monitor with written notice before Grantee executes any subcontract or obligates itself in any other manner with any third party with respect to the Project described in Attachment “A”.

  • Use of Grant 4.1 The Grant shall be used by the Recipient for the delivery of the Project in accordance with the agreed budget set out in Schedule 3. For the avoidance of doubt, the amount of the Grant that the Recipient may spend on any item of expenditure listed in column 1 of Schedule 3 shall not exceed the corresponding sum of money listed in column 2 without the prior written agreement of the Funder.

  • METHOD OF AWARD AND PROCEDURE FOR AWARDING A SOW AGREEMENT 5.1. Contractor selection, or the determination to terminate the SOW-RFP without award, shall be done in the best interest of the State.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!