Common use of Distribution of Funds Schedule Clause in Contracts

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation15. Subsequent payments will be made no later than the 15th of each month beginning with August 15.. The Sponsor may not delay payment to the School of any portion of the funds provided in Section

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation15. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section section 4.A.1., above, less the administrative fee set forth in Section section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- twenty-four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation. Subsequent payments will be made no later than the 15th of each month beginning with August 15. Pursuant to s. 1002.33(17)(e), F.S., the Sponsor may not delay payment to the School of any portion of the funds provided in Section 4.A.1. based on the timing of receipt of local funds by the Sponsor.

Distribution of Funds Schedule. i. a. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four (24) bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation15. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. i. a. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-one- twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation15. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. i. a. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four (24) bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.14. A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. i. (a) The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation15. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-bi- monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation15. Subsequent payments will be made no later than the 15th of each month beginning with August 15. The Sponsor may not delay payment to the School of any portion of the funds provided in Section 4.A.1 based on the timing of receipt of local funds by the Sponsor.

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- twenty-four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation. Subsequent payments will be made no later than the 15th of each month beginning with August 15. Pursuant to s. 1002.33(17)(e), F.S., the Sponsor may not delay payment to the School of any portion of the funds provided in section 4.A.1. based on the timing of receipt of local funds by the Sponsor.

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve eleven (1211) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth eleventh (1/12) or one twenty-fourth (1/241/11) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation15. Subsequent payments will be made no later than the 15th of each month beginning with August 15.

Distribution of Funds Schedule. 927 i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the 928 account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) 929 of the funds described in Section 4.A.1., above, less the administrative fee 930 set forth in Section 4.A.3, above. The first payment will be made by July 15 of 931 the School’s first year of operation. Subsequent payments will be made no 932 later than the 15th of each month beginning with August 15.. The Sponsor may 933 not delay payment to the School of any portion of the funds provided in Section 934 4.A.1. based on the timing of receipt of local funds by the Sponsor. 935 ii. For the first two years of this Contract, monthly payments will be calculated 936 as follows:

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation. Subsequent payments will be made no later than the 15th of each month beginning with August 15. The Sponsor may not delay payment to the School of any portion of the funds provided in Section 4.A.1. based on the timing of receipt of local funds by the Sponsor.