Common use of Disbursement and Repayment Clause in Contracts

Disbursement and Repayment. Center reserves the right to withhold all or part of any payment on invoices submitted until it receives acceptable documentation. Within 30 days after its commencement of continuing care services, the Contractor shall provide invoices and other evidence of all start-up costs to Center. If Contractor’s actual start-up costs do not support the awarded amount, Center shall have the right to require immediate repayment of any excess Start-Up Funds which have been disbursed under this Agreement, in which case Contractor shall repay all such excess funds to Center within ten (10) business days following receipt of a demand.