Common use of Disbursement Agreement Clause in Contracts

Disbursement Agreement. A. The Recipient, the Department and such other parties as may be reasonably required by the Department, shall enter into a Disbursement Agreement in a form provided by the Department. The Disbursement Agreement shall contain a specific description of the Work, an updated table of Sources and Uses, and the specific terms and conditions for the disbursement of Program funds. In the event of a conflict between this Agreement and the Disbursement Agreement, as determined by the Department, the terms of the Disbursement Agreement, being the later and more specific document, shall govern; provided however, that no resolution of any such conflict shall be contrary to, or result in a waiver or violation of, the Guidelines or the NOFA. B. The requirement for a Disbursement Agreement, set forth in this paragraph, may be waived by the Department where, at its sole discretion, it determines that: 1) Satisfactory completion of the Work has occurred, 2) Proper disbursement and use of Program funds have occurred, 3) Performance of, and compliance with, all the obligations, terms and conditions of this Agreement have occurred, and, 4) Compliance with all applicable statutes, laws, guidelines, and regulations, all have been or will be achieved without the execution of a Disbursement Agreement. The Department may require the submittal by the Recipient of such information, records, documents, certificates and other material, as it deems necessary to make this determination. C. Payee Data Record Form must be filled out by each Recipient receiving grant funds. All payee(s) receiving Grant funds are listed in provision Ex. B-E.5 of Exhibit E of this Agreement.

Disbursement Agreement. A. The Recipient, the Department and such other parties as may be reasonably required by the Department, shall enter into a Disbursement Agreement in a form provided by the Department. The Disbursement Agreement shall contain a specific description of the Work, an updated table of Sources and Uses, and the specific terms and conditions for the disbursement of Program funds. In the event of a conflict between this Agreement and the Disbursement Agreement, as determined by the Department, the terms of the Disbursement Agreement, being the later and more specific document, shall govern; provided however, that no resolution of any such conflict shall be contrary to, or result in a waiver or violation of, the Guidelines or the NOFA. B. The requirement for a Disbursement Agreement, set forth in this paragraph, may be waived by the Department where, at its sole discretion, it determines that: 1) Satisfactory completion of the Work has occurred, 2) Proper disbursement and use of Program funds have occurred, 3) Performance of, and compliance with, all the obligations, terms and conditions of this Agreement have occurred, and, 4) Compliance with all applicable statutes, laws, guidelines, and regulations, all have been or will be achieved without the execution of a Disbursement Agreement. The Department may require the submittal by the Recipient of such information, records, documents, certificates certificates, and other material, as it deems necessary to make this determination. C. Payee Data Record Form must be filled out by each Recipient receiving grant funds. All payee(s) receiving Grant funds are listed in provision Ex. B-E.5 of Exhibit E of this Agreement.

Disbursement Agreement. A. The Recipient, the Department and such other parties as may be reasonably required by the Department, shall enter into a Disbursement Agreement in a form provided by the Department. The Disbursement Agreement shall contain a specific description of the WorkWork and an updated Sources and Uses therefore, including an updated table of Sources and Uses, and the specific terms and conditions for the disbursement of Program funds. In the event of a conflict between this Agreement and the Disbursement Agreement, as determined by the Department, the terms of the Disbursement Agreement, being the later and more specific document, shall govern; provided however, that no resolution of any such conflict shall be contrary to, or result in a waiver or violation of, the Guidelines or the NOFA. B. The requirement for a Disbursement Agreement, Agreement set forth in this paragraph, paragraph may be waived by the Department where, at its sole discretion, it determines that: 1) Satisfactory completion of the Work has occurred, 2) Proper disbursement and use of Program funds have occurred, 3) Performance of, and compliance with, all the obligations, terms and conditions of this Agreement have occurred, and,, TEMPLATE 4) Compliance with all applicable statutes, laws, guidelines, and regulations, all have been or will be achieved without the execution of a Disbursement Agreement. The Department may require the submittal by the Recipient of such information, records, documents, certificates and other material, as it deems necessary to make this determination. C. Payee Data Record Form must record information is required for payment(s) to be filled out by each Recipient receiving grant fundsmade. All payee(s) receiving Grant grant funds are shall be listed in provision Ex. B-E.5 of Exhibit E of this Agreement.below: Payee Name: Activity: Award Amount: $ TEMPLATE TEMPLATE TEMPLATE SOFT COSTS AND OTHER PROJECT RELATED COSTS $ TEMPLATE

Disbursement Agreement. A. The Recipient, the Department and such other parties as may be reasonably required by the Department, shall enter into a Disbursement Agreement in a form provided by the Department. The Disbursement Agreement shall contain a specific description of the WorkWork and an updated Sources and Uses therefore, including an updated table of Sources and Uses, and the specific terms and conditions for the disbursement of Program funds. In the event of a conflict between this Agreement and the Disbursement Agreement, as determined by the Department, the terms of the Disbursement Agreement, being the later and more specific document, shall govern; provided however, that no resolution of any such conflict shall be contrary to, or result in a waiver or violation of, the Guidelines or the NOFA. B. The requirement for a Disbursement Agreement, Agreement set forth in this paragraph, paragraph may be waived by the Department where, at its sole discretion, it determines that: 1) Satisfactory completion of the Work has occurred, 2) Proper disbursement and use of Program funds have occurred, 3) Performance of, and compliance with, all the obligations, terms and conditions of this Agreement have occurred, and, 4) Compliance with all applicable statutes, laws, guidelines, and regulations, all have been or will be achieved without the execution of a Disbursement Agreement. The Department may require the submittal by the Recipient of such information, records, documents, certificates and other material, as it deems necessary to make this determination. C. Payee Data Record Form must be filled out by each Recipient receiving grant funds. All payee(s) receiving Grant funds are listed in provision Ex. B-E.5 of Exhibit E of this Agreement.