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.
2. Before disbursement can be made, the NMFA shall be provided with a Project Interim Report both in electronic and hard copy, certified by the Focal Point and the Paying Authority in accordance with the Disbursement Guidelines and the Beneficiary State Reporting and Monitoring Guidelines. The Project Interim Report shall cover a period of at least 3 calendar months and be related to expenditures from that period.
3. When the required documents have been provided the NMFA shall verify that they are in the correct form and that the conditions for the disbursement have been met. Unless the NMFA decides to make use of remedies provided in Chapter 7, the NMFA shall as soon as possible and within two months from the receipt of the disbursement request, order its Disbursement Agent to execute the disbursement in question to the Paying Authority. Disbursements shall be made in EUR to the bank account of the Beneficiary State specified in the Grant Offer Letter (Annex I). The NMFA shall notify the Paying Authority when such disbursement order has been submitted.
4. In case of an error made in relation to a disbursement resulting in a higher amount paid than required under the Grant Agreement, the Focal Point shall, upon request from the NMFA, reimburse without delay any amount unduly disbursed. Similarly, if an error results in a lower amount paid than required, the NMFA shall, as soon as possible after being made aware of such an error, disburse the missing amount.
5. The principle of pro rata financing of costs incurred shall apply, meaning that the grant rate referred to in the Grant Offer Letter (Annex I) shall not be exceeded at any time during the implementation of the Project. This is without prejudice to Article 4.4.
6. When the disbursement has been made, and received by the Paying Authority in full, the NMFA has fulfilled its obligations relating to that disbursement.
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 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 shall disburse Grant funds to Grantee, subject to completion of Exhibit D, and Exhibit D Attachments 1-4 (where applicable), to the satisfaction of ORS.
1) Upon completion of the Project, Grantee shall submit:
a. An Application for Disbursement (Exhibit D);
b. A completed Affidavit of Completion, Eligible Expenses (Exhibit D, Attachment 1) Project Close Out, Attestation (Exhibit D, Attachment 2), Xxxxx Xxxxx Certification (Exhibit D, Attachment 3), and Build America, Buy America Certification (Exhibit D, Attachment 4);
c. A summary of expenses and summary statistics, (as defined in Section III.D(2) below);
d. Detailed invoice(s) provided certified, on company letterhead, signed by the President, Chief Executive Officer, or Chief Financial Officer, and delivered by electronic means to the ORS Manager of Finance. By submitting an Application for Disbursement, Affidavit of Completion, and other documentation referenced above, Grantee certifies or affirms that the necessary work has been completed, that the Eligible Expenses related to the Project are authorized and allowable for determining the amount of Grant funds to be disbursed pursuant to this Agreement, and that Grantee is entitled to the disbursement of Grant funds pursuant to this Agreement.
2) An Application for Disbursement shall identify the total number of structures Grantee listed in the Application to be served, the total number of structures that have service available, and the corresponding percent of structures served. Grantee must provide a calculation of the total linear feet of all fiber and/or cable used in the construction of the middle/last mile fiber (excluding drops to businesses or homes). Statistics provided should closely align with GIS Shapefile deliverables. In addition, Grantee shall provide a summary of all expenses that were incurred throughout the Project and that are authorized and allowable for reimbursement pursuant to this Agreement in the format required by ORS. See Exhibit H.
3) ORS, in its sole discretion, may authorize the disbursement of funds on a percent completion basis calculated as: Total Number of Structures Available to be Served divided by Total Number of Structures to be Completed in Grantee’s Application. ORS will not authorize disbursement of funds until, in its sole discretion, sufficient documentation is received showing the facilities are active within the Project Area.
4) ORS will not authorize late fees to Grantee and Grantee shall not be entitled...
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 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.
b) Requests for payment should be made allowing at minimum thirty (30) calendar days to receive the Grant funds. The request for payment shall not exceed the eligible costs incurred and approved by the Department. The Department, in its sole discretion, may disburse funds for eligible costs anticipated to be incurred or costs incurred prior to the Effective Date.
c) The Department has the right to withhold disbursement of Grant funds if at any time the Department determines, in its sole discretion, that Grantee is not performing or completing the Project in a manner satisfactory to the Department. The Department shall have the right at any time to request that Grantee provide additional supporting documentation with any request for payment.
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. Payments will only be made on submission of an appropriate claim from the Xxxxx Xxxxxx.
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:
1. Having completed review of the letter of authorization submitted by and between the Town/City and the Commission has determined that the Town/City is eligible for funding in the amount set forth in SECTION 2- THE GRANT.
2. The funding is solely intended for use towards the execution of the items delineated in
Disbursement of the Grant. Subject to the terms, covenants and conditions of this Grant Agreement, UDC shall disburse the Grant to the Grantee in a single installment as follows:
(a) The Grant shall be disbursed after receipt by UDC of a statement signed by the General Counsel of Grantee requesting that UDC pay the proceeds of such Grant to Grantee, at its principal office located at Oxx Xxxxx Xxxxxx, P.O. Box 1999, Elmira, New York 14902-1999.
(b) The disbursal of the Grant shall be made on October 24, 1995.
Disbursement of the Grant. 1. The Grant shall be available for dis- bursement in an amount of eight million Swedish Kronor for the financial year 1972/73 and thereafter in such annual amounts as will for each financial year be determined by the Parties hereto through annual consultations.
2. Subject to the provisions of this Agree- ment, the amount of the Grant shall be paid by Sweden to the credit of such ac- counts and in such currency as Tanzania shall request.
3. Tanzania shall forward to Sweden, as they become finalized, the documents pre sented to the Board of Directors of the Bank, the Board resolution and the contract documents (including disbursement sched- ule) between the Bank and the Industrial Enterprise concemed regarding each In dustrial Project to be financed by the Bank out of the Grant proceeds. Upon receipt of the documents referred to in the preceding sentence Sweden shall pay quarterly to Tanzania the amounts committed by the Bank during the preceding quarter, pursuant to formal contracts concluded with In dustrial Enterprises, for the financing of the reasonable cost of goods and services for Industrial Projects, in respect of which Tanzania has, within 60 days of approval by the Board of Directors, informed Swe den that they will be financed out of the Grant proceeds.
4. Upon receipt by Sweden from Xxx xxxxx of a request with supporting doc uments Tanzania shall be entitled to obtain disbursement of amounts released quarterly by the Treasury of Tanzania for equity in- vestment in Industrial Enterprises by Par- astatal Corporations.
5. For the purpose of establishing the value in terms of Swedish Kronor of any amount disbursed in another currency the value of such currency in terms of Swedish Kronor shall be calculated on the basis of the current märket selling rate or, if no such rate shall exist, at such rate as Sweden shall reasonably determine in consultation with Tanzania.
1. Xxxxx xxxxx xxxx tillgängligt för utbe talning i ett belopp på åtta miljoner svenska kronor för budgetåret 1972/73 och därefter i xxxxxx årliga belopp som för varje budget år beslutas av parterna i detta avtal genom årliga överläggningar.
2. Med förbehåll för bestämmelserna i detta avtal skall lånebeloppet inbetalas av Sverige till de konton och i den valuta som Tanzania begär.
Disbursement of the Grant a. All disbursements shall be subject to (i) the availability of sufficient funding from the federal government, and (ii) Grantee’s compliance with all terms and conditions of this Agreement, including the reporting and inspection requirements set forth herein.
b. The Department reserves the right not to disburse any portion of the Grant if the Department, in its sole discretion, has determined that Grantee has failed to comply with any Department regulation, the Act, the Code, the Policy Guide, or if Grantee is in default under this Agreement.
