Disbursement of Funding Sample Clauses

Disbursement of Funding. Subject to the Recipient’s compliance with the provisions of this Agreement, the City’s financial contribution shall be disbursed to the Recipient over the Term of this Agreement, as twelve equal monthly payment of funds for the entire Funded Activity, to be paid within 30 days of execution of this Agreement, and every 30 days thereafter by electronic fund transfer (EFT)
Sample 1
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Disbursement of Funding. The Authority agrees to make a one-time advance payment not to exceed $250,000 upon execution of the contract and no later than April 30, 2018. ACSSA shall submit invoices to the Authority beginning May 31, 2018, to be paid by June 30, 2018, based on the budget and on the number of households served from March 27, 2018 through April 30, 2018. Invoices shall then be submitted per “Payment Schedule” for the duration of the contract:
Sample 1
Disbursement of Funding. The Funding for the Project shall be disbursed by the First Party (or any of its Group Company executing Schedule I) in such mode and manner as may be specified in Schedule I by the First Party (or any of its Group Company executing Schedule I).
Sample 1
Disbursement of Funding. Schedule II 1. Project Implementation Plan 2. Performance Indicators 100% utilization of disbursed fund by Utilization certification from IITK shall indicate the completion of the proposals in Schedule I. Documents required to be submitted prior to execution of the Agreement: 1. Permanent Account Number (“PAN”) 2. FCRA Exemption Certificate 3. IIT Kanpur Bank Details
Sample 1
Disbursement of Funding. (a) The Member cannot request disbursement of SFRLP funds until funds are needed for actual payment of eligible costs as defined in the SFRLP15 Program Guidelines (PG 2.2.4). The amount of the request must be limited to the actual amount needed. Any interest earned on SFRLP funds held by the Member must be spent prior to using any other SFRLP funds. (b) SFRLP funds will be disbursed to the Member through electronic payments from the Agency and in accordance with PG 3.2. (c) The Member is eligible to request Program funds from the Agency only after the Agency has received this executed Agreement and a completed Signatory Form and Certification card ("Signatory card"). (d) The Member must complete all work under this Agreement and disburse all SFRLP funds in accordance with the Program Guidelines, specifically Sections 3.3 and 3.4.
Sample 1
Disbursement of Funding. RMSEL shall receive disbursements from the Denver Public Schools as follows: i. On July 15th of each fiscal year, twenty-five percent (25%) of the funding provided for the projected pupil membership shall be allocated to RMSEL. It is understood that this July 15th installment will be remitted upon the Denver Public Schools receiving RMSEL’s BOCES approved budget for the year. ii. On October 15th of each year, twenty-five percent (25%) of the funding provided for projected pupil membership on October 1st of that year shall be allocated to RMSEL. iii. The remaining state funds adjusted to reflect the official pupil membership on October 1st of that school year and the Colorado Department of Education calculation of Denver Public Schools per pupil funding payable under this Agreement shall be disbursed on or before January 15th each year.
Sample 1
Disbursement of Funding. RMSEL shall receive disbursements from the Denver Public Schools in two installments, so that 50% of the funding required herein is received on or about July 15th, and 50% is received on or before January 15th each year, subject to adjustments as provided herein.
Sample 1
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Related to Disbursement of Funding

  • Disbursement of Funds (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender made available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Original Closing Date, such funds were made available at such earlier time as may be agreed among the Lenders, the Borrower and the Administrative Agent for the purpose of consummating the Transactions; provided further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time) on the date requested. (b) Each Lender shall make available all amounts it is to fund to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of Mandatory Borrowings and Borrowings to repay Unpaid Drawings) make available to the Borrower, by depositing to an account designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available in the applicable currency. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in the applicable currency. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. (c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to, fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder).

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Reduction of Funding State must, by law, terminate this Contract if funds are not appropriated or otherwise made available to support State’s continuation of performance of this Contract in a subsequent fiscal period. (§ 18-4-313(4), MCA). If state or federal government funds are not appropriated or otherwise made available through the state budgeting process to support continued performance of this Contract (whether at an initial contract payment level or any contract increases to that initial level) in subsequent fiscal periods, State shall terminate this Contract as required by law. State shall provide Contractor the date State’s termination shall take effect. State shall not be liable to Contractor for any payment that would have been payable had the Contract not been terminated under this provision. As stated above, State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date State’s termination takes effect. This is Contractor’s sole remedy. State shall not be liable to Contractor for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

  • Duplication of Funding A. If Grantee receives any funding that is duplicative of funding received under this Grant Agreement/Contract that cannot be used for new or expanded eligible grant activities, Grantee will notify the assigned contract manager as soon as possible. System Agency may issue an amendment modifying budget and/or project activities to eliminate duplication. Additionally, Grantee understands that duplicative funding that cannot be re-programmed to support new or expanded grant-funded activities within the program’s scope may be de- obligated from this Grant Agreement/Contract and returned to System Agency.

  • Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.

  • Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

  • Disbursement of Funds to Eligible Grantees Funds will be disbursed monthly, in arrears.

  • Availability of Funding This Agreement and all claims, suits, or obligations arising under or related to this Agreement are subject to and limited by the receipt and availability of funds which are received from the Participating Entities by NCTCOG dedicated for the purposes of this Agreement.

  • Conditions of Funding (a) The HSP will: fulfill all obligations in this Agreement; use the Funding only for the purpose of providing the Services in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; spend the Funding only in accordance with the Service Plan; and plan for and achieve an Annual Balanced Budget. (b) The Funder may add such additional terms or conditions on the use of the Funding which it considers appropriate for the proper expenditure and management of the Funding. (c) All Funding is subject to all Applicable Law and Applicable Policy.

  • Advancement of Funds In the case of each Mortgage Loan, neither the Mortgage Loan Seller nor, to the Mortgage Loan Seller's knowledge, any prior holder of such Mortgage Loan has advanced funds or induced, solicited or knowingly received any advance of funds from a party other than the owner of the related Mortgaged Property (other than amounts paid by the tenant as specifically provided under a related lease), for the payment of any amount required by such Mortgage Loan, except for interest accruing from the date of origination of such Mortgage Loan or the date of disbursement of the Mortgage Loan proceeds, whichever is later, to the date which preceded by 30 days the first due date under the related Mortgage Note.

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