Disbursement of the Grant. After receipt by the Commission of this Agreement fully executed by all parties hereto, and provided that the Grantee is not in default on its obligations to the Commission as of the date first written above, the Commission shall disburse the Grant to the Grantee on one of the following schedules to be selected by the Grantee: Schedule 1 – In Arrears. Not more than two (2) installments as requested by the Grantee in writing at such times as the Grantee may elect, subject to the reasonable approval of the Commission. The amount of each disbursement shall be limited to that portion of the Grant which has been earned by the Company based upon information described in Section 5 or 6 of this Agreement, as applicable, when the same is delivered to and approved by the Commission in its sole discretion. Schedule 2 – In Advance. As requested by the Grantee in writing at such times as the Grantee may elect, subject to the reasonable approval of the Commission. The amount of the disbursement shall not be limited to that portion of the Grant which has been earned by the Company; however, the disbursement shall only be made within 120 days after the latest signature on this Agremeent and after the Grantee Certification attached hereto as Exhibit B has been completed by the Grantee and delivered to and approved by the Commission in its sole discretion. Fifty percent (50%) of the Grant is allocated for the Company’s taxable asset obligation set forth in Section 4 of this Agreement and fifty percent (50%) of the Grant is allocated for the Company’s employment obligation set forth in Section 3 of this Agreement. Unless otherwise agreed to in writing by all parties to this Agreement, Xxxxxxx shall disburse all Grant proceeds to the Company or for the Company’s benefit within 30 days of receipt of Grant proceeds from the Commission or return the undisbursed proceeds to the Commission.
Disbursement of the Grant. ORS will disburse Grant funds to Grantee and subject to completion of Exhibit D.
Disbursement of the Grant. 1. Disbursements are made in accordance with the approved Project Implementation Plan (Annex II) based on requests for disbursements submitted by the Paying Authority. Provisions on advance payments, if any, are set out in the Grant Offer Letter (Annex I). The Financial Mechanism Committee may retain up to 5% of the total project cost until the Project Completion Report referred to in Article 3.5 has been approved by the Financial Mechanism Committee.
Disbursement of the Grant. 1. Disbursements are made in accordance with the approved Project Implementation Plan (Annex II) based on requests for disbursements submitted by the Paying Authority. Provisions on advance payments, if any, are set out in the Grant Offer Letter (Annex I). The NMFA may retain a part of the grant as set out in the Grant Offer letter until the Project Completion Report referred to in Article 3.5 has been approved by the NMFA.
Disbursement of the Grant. WHC agrees to provide up to a maximum of «Approved_Funding» for budgeted Project expenditures in the 2024-2025 fiscal year. The Applicant agrees to allocate WHC’s Grant to the Project activities to produce the specific products/results as indicated in the Application. A copy of the Application is available on the Applicant’s account on WHC’s online grant management system: xxxxx://xxx.xxxxxxxxxxxxxx.xx/Home/Logon?urlkey=whc. Unless otherwise agreed to in writing, the Project activities described within the Application must be completed by the Applicant by March 31, 2025.
Disbursement of the Grant. Subject to the terms and conditions set forth in this Grant, the Commission shall disburse Grant funds in accordance with the following:
Disbursement of the Grant. In line with UK financial rules and regulations, disbursements, in advance of operational need should only be made when they have been properly justified. This justification will need to be set out in writing as part of this arrangement. All payments will be made on submission of an appropriate claim from the Government, or where applicable, the acting, Procurement Agent. All claims should be accompanied by any relevant supporting documents and should include the necessary information to allow DFID to make payments to the bank details provided in Annex 3. The Request for Payment template in Annex 4 sets out the recommended format for this information which must include the following information: Title of Grant Project location/official address Amount of claim Details of expenditure (Type of expenditure including how the amount claimed is calculated, material purchased, labour used, name of supplier/contractor, services used etc.) Bank account details (To corroborate with the Bank details provided in Annex 3) Details of audit discharge being applied to the project and confirmation that the relevant audit authority has been informed of the claim. (See audit discharge options below) All claims must also include the following certification statements: “I certify that this claim is correct and that the sum requested is properly due on the basis of the information provided, project objectives and on the work carried out or future work plans. I have the authority to sign this on behalf of the Government of…” All outstanding claims should be submitted within 6 months of the project end date. Any monies paid out and subsequently to be refunded to the Government by a contractor or by a guarantor must be returned to DFID by the contractor or guarantor Audit discharge for Partner Government expenditure For expenditure where audit discharge is not received through the submission of invoices and supporting documentation, there are three options through which audit discharge can be ascertained. These are: Annual Audited Accounts A Partner Government certifies that a particular sum of money has been spent on approved purposes and this statement is independently audited and a certificate given by a local independent audit authority. Each annual audited statement is provided in triplicate to DFID and is countersigned by the appropriate audit authority; it shows the drawing made from the Grant and the actual expenditure incurred during each financial year and certifies that ...
Disbursement of the Grant a) After the Effective Date, the Department will disburse Grant funds to Grantee on a reimbursement basis as the Project progresses. Grantee shall submit a request for payment in a manner and form approved by the Department. A request for payment shall identify in detail all expenses incurred for which reimbursement is being sought, and shall have attached copies of the supporting invoices and other documentation of such expenses.
Disbursement of the Grant. 2. In line with UK financial rules and regulations, disbursements, in advance of operational need should only be made when they have been properly justified. This justification will need to be set out in writing as part of this arrangement. All payments will be made on submission of an appropriate claim from the Government, or where applicable, the acting, Procurement Agent.
Disbursement of the Grant a) After the Effective Date, the Department will disburse Grant funds to Grantee on a reimbursement basis as the Project progresses. Grantee shall submit a request for disbursement consistent with the procedures set forth in the Program Guides. A request for disbursement shall identify in detail all expenses incurred for which reimbursement is being sought and shall have attached copies of the supporting invoices and other documentation of such expenses as required by the Office. A request for disbursement must be based on the actual expenses incurred by Grantee for eligible, approved grant activities, and Grantee’s actual disbursement for eligible, approved grant activities.
