Common use of Disbursement of Grant Money Clause in Contracts

Disbursement of Grant Money. Subject to Sections 2.04, 2.05, and 2.06, Agency shall disburse the Grant money to Subrecipient on a quarterly eligible expense reimbursement basis after this Agreement is fully executed by all necessary parties and all required approvals, if any, obtained and when Agency has received from Subrecipient a quarterly financial report (as described in Section 5.07) appropriately describing the expenses for which the reimbursement is claimed until the earlier of (i) the entire Grant amount has been disbursed, (ii) the Availability Termination Date as defined in Section 2.06 or (iii) this Agreement terminates as provided herein.

Disbursement of Grant Money. Subject to Sections 2.04, 2.05, and 2.06, Agency shall disburse the Grant money to Subrecipient on a quarterly eligible expense reimbursement basis after this Agreement is fully executed by all necessary parties and all required approvals, if any, obtained and when Agency has received from Subrecipient a quarterly financial report (as described in Section 5.075.06) appropriately describing the expenses for which the reimbursement is claimed until the earlier of (i) the entire Grant amount has been disbursed, (ii) the Availability Termination Date as defined in Section 2.06 or (iii) this Agreement terminates as provided herein.