Common use of Disbursement of the Funding Clause in Contracts

Disbursement of the Funding. (a) The Funding will be disbursed to reimburse Funding Recipient for Eligible Costs incurred and paid by Funding Recipient and authorized by the Project Budget. The disbursement of the Funding is subject to the satisfaction of the conditions precedent set forth in Section 6.02 below and the prior receipt by the City of a Reimbursement Request accompanied by the supporting documentation described in Section 6.03 below. (b) For the purposes hereof “Reimbursement Request” means a properly completed written request to the City in a form satisfactory to the City requesting a disbursement of the Funding to reimburse Funding Recipient for Eligible Costs incurred and paid by Funding Recipient during the period covered by said Reimbursement Request. Each Reimbursement Request must be executed by an authorized representative of Funding Recipient.