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Common use of Distribution of Funds Schedule Clause in Contracts

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) 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. 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

Appears in 8 contracts

Samples: Charter Agreement, Charter Agreement, Charter Agreement

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Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above ii. The first payment will initial payment, excluding start-up grants, pursuant to this Charter shall be made by paid on July 1531, 2013. iii. Subsequent payments will be made no later than wired by the 15th of each month month, beginning with August 15. The Sponsor may not delay payment to the School of any portion of the funds provided in Section, 2013.

Appears in 2 contracts

Samples: Charter School Renewal Contract, Charter School Renewal Contract

Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) 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. 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

Appears in 1 contract

Samples: Charter Agreement

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Distribution of Funds Schedule. i. The Sponsor shall calculate and submit twelve (12) monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above ii. The first payment will initial payment, excluding start-up grants, pursuant to this Charter shall be made by paid on July 1531, 2011 iii. Subsequent payments will be made no later than by the 15th of each month month, beginning with August 15. The Sponsor may not delay payment to the School of any portion of the funds provided in Section.

Appears in 1 contract

Samples: Charter School Contract

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