Distribution of Grant Funds Sample Clauses

Distribution of Grant Funds. FAC’s grant funds will be provided upon completion of the internship period and submittal of the three reports required in this Agreement. Grant funds shall be disbursed as follows:
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Distribution of Grant Funds. The Agency shall make two payments to the Grantee in the form of reimbursements as follows: (A) The first payment shall be in an amount equal to 50% of the Award Amount. The first payment shall be made after Project expenditures have reached 50% of the Total Project Cost and the Interim Report has been submitted. (B) The second and final payment shall be the remaining 50% of the Award Amount or an amount such that the total of the two payments equals 50% of the Total Project Cost, whichever is less. The second payment shall be made after completion of the Project and submission of the Final Report. (C) Each reimbursement shall be made by the Agency only upon the Agency’s receipt, review, and approval of the following information: (i) For the first reimbursement, an Interim Report containing: (a) A written narrative describing in detail the Project work completed to date, any challenges and modifications to the Project, and how you plan to complete activities by the end of the grant period (minimum 150 words); (b) A detailed budget report listing all income and expenses for Project-related activities; (c) Copies of invoices and receipts for all Project expenditures. Invoices should demonstrate that Project expenditures have reached 50% of the Total Project Cost; (d) A notarized statement from the Grantee’s signatory on this Agreement certifying that the contents of the report are true and accurate; and (e) An invoice including the total award amount, amount requested for reimbursement (rounded to whole dollar amount) municipality name, address, grant name, grant number, and date. (ii) For the second and final reimbursement, a Final Report, submitted no later than 30 days after the Completion Date, containing: (a) A written narrative including the date if completion and describing in detail the Project work completed and any challenges and modifications to the Project (minimum 150 words); (b) A detailed budget report listing all income and expenses for Project-related activities and demonstrating that project expenditures have reached 100% of the Total Project Cost; (c) Copies of invoices, receipts and canceled checks for all Project expenditures. Invoices should demonstrate that grant work was completed within the grant period and canceled checks should demonstrate that all invoices have been paid by the municipality. If staff time is offered as part of the required match, the number of hours and hourly rate of each employee must be documented; (d) A notari...
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Distribution of Grant Funds. FAC’s grant funds will be provided upon completion of the internship period and submittal of the two reports required in this Agreement. FAC’s participation is based upon 80% of the total amount paid the intern and if that total amount if less than $5,000, FAC’s matching grant will be reduced accordingly.
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Distribution of Grant Funds. Grant funds will be distributed by the Council according to the following schedule: a. Within ten working days of Council execution of this agreement, the Council will distribute to the Grantee forty-five (45%) of the Maximum Grant Amount. b. Upon Council approval of Grantee’s January 2023 financial report required by paragraph 5.03, the Council will distribute to the Grantee forty-five (45%) percent of the Maximum Grant Amount. c. Upon approval of Grantee’s January 2024 financial report required by paragraph 5.03, the Council will distribute to Grantee the final payment of the remainder of the Maximum Grant Amount. However, no payment will be made which would cause the distribution of grant funds to exceed the limits in paragraph 3.01. Further, if the amount already paid to Grantee by the Council pursuant to this paragraph exceeds the cumulative amount actually expended by the Grantee on eligible expenses as specified in paragraph 2.01, the Council shall notify Grantee of the amount of over-payment. Grantee shall repay to the Council the amount of such overpayment within 30 calendar days of receipt of such notice from the Council. No payment will be made under this paragraph if the Grantee is not current in its reporting requirements under article V at the time the payment is due. Distribution of any funds or approval of any report is not to be construed as a Council waiver of any Grantee noncompliance with this agreement.
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Distribution of Grant Funds. City shall provide $10,000.00 (“Grant Funds”), which represents a grant for the unpaid rent due from the Small Business Tenant and permanently waived by the Commercial Landlord that accrued during the state of local emergency related to the COVID-19 pandemic. The Commercial Landlord warrants that it has provided the Small Business Tenant a permanent waiver of unpaid rent in at least the same amount as the Grant Funds (“Waived Unpaid Rent”). a. It is agreed and understood that City shall pay the Grant Funds to the Commercial Landlord directly. Unless otherwise provided herein, the Grant Funds will be paid in one installment to cover the delinquent rent, or portion of rent, as described herein. b. Commercial Landlord and Small Business Tenant represent and warrant that the information presented to City in connection with the application and supporting documentation/verifications is true and accurate as of the date given and remains true and accurate as of the date of this Agreement. Commercial Landlord and Small Business Tenant understand that the City has relied upon such information and representations to determine Commercial Landlord and Small Business Tenant’s eligibility to receive the City’s grant. c. City’s acceptance of the Commercial Landlord and the Small Business Tenant as participants is based on the information contained in the application. If City determines that the information contained in the application is materially inaccurate or if the Commercial Landlord attempts to recover the Waived Unpaid Rent from the Small Business Tenant at any time, City reserves the right to terminate this Agreement pursuant to Section 10 and the Commercial Landlord shall repay the Grant Funds to the City. The Commercial Landlord and/or the Small Business Tenant shall notify City as soon as possible if the Commercial Landlord or the Small Business Tenant cannot comply with the terms and conditions of the program. d. Commercial Landlord and Small Business Tenant agree that use of Grant Funds for any purpose other than as set forth herein, and/or any incompliance with this terms of this Agreement will result in forfeiture of Grant Funds and potential ineligibility for future funding. Commercial Landlord and Small Business Tenant represent and warrant that no other financial assistance has or will be received for the same costs covered by Grant Funds. If Commercial Landlord and/or Small Business Tenant receives duplicative financial assistance for the same costs cov...
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Distribution of Grant Funds. Grant funds will be distributed by the Council as follows: a. The Grantee must submit invoices to request reimbursement of Grant Project expenditures on a calendar monthly basis. Each reimbursement request must include an itemization of expenditures for which reimbursement is requested and must be submitted in a format prescribed by the Council. Each reimbursement request must include the monthly report specified in paragraph 5.01. The Grantee shall submit any additional data and information requested by the Council to justify and support the Grantee’s reimbursement request or as required by the federal government for reporting under the FTA CMAQ Program. b. Upon review and approval of the reimbursement request, the Council will distribute to the Grantee the approved reimbursement request amount. The Council may deny part or all of any reimbursement request if it believes that it is not warranted or justified. c. No reimbursement payment will be made which would cause distribution of grant funds to exceed, cumulatively through such payment, the limits in paragraph 3.02. The Council may withhold payment if the Grantee is not current in its reporting requirements under article V. Distribution of any funds or approval of any report is not to be construed as a Council waiver of any Grantee noncompliance with this agreement.
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Distribution of Grant Funds. Terms and conditions for the distribution of grant funds are described in Appendix C attached hereto and hereby incorporated herein.
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Distribution of Grant Funds. The County awards the Subrecipient three-hundred seventy- six thousand dollars ($367,000) to be used for purposes as described in Article 3 of this contract. Per federal legal constraints, all ERAP 2 funding must be expended in strict accordance with guidance outlined by the United States Department of the Treasury. The Subrecipient is expected to familiarize itself with federal regulations related to the authorized uses of ERAP 2 funds. At the sole discretion of the Xxxxx County Administrator or Deputy County Administrators, if it appears that the total encumbrance of $367,000 will not be expended by the conclusion of the Contract Period as defined in Article 2 of this contract, the Subrecipient will return any unused Grant funds to the County within fifteen (15) days.
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Related to Distribution of Grant Funds

  • Use of Grant Funds Grantee shall use the Grant Funds only for Eligible Expenses as set forth in Appendix A and for no other purpose. Grantee shall expend the Grant Funds in accordance with the Budget and shall obtain the prior approval of City before transferring expenditures from one line item to another within the Budget.

  • GRANT FUNDS The Provider will not commingle grant funds (payments and reimbursements made under this Agreement) with other personal or business accounts. The U.S. Department of Justice, DOJ Grants Financial Guide does not require physical segregation of cash deposits or the establishment of any eligibility requirements for funds which are provided to a Provider. The Provider’s accounting systems must ensure grant funds are not commingled with funds on either a program-by-program or a project-by-project basis. Grant funds specifically budgeted and received for one project may not be used to support another. Where the Provider's existing accounting system cannot comply with this requirement, the Provider will establish an additional accounting system to provide adequate grant fund accountability for each project. In accordance with the provisions of section 287.0582, Florida Statutes, if the terms of this Agreement and reimbursement contemplated by this Agreement extend beyond the current fiscal year, the OAG's performance and obligation to reimburse under this Agreement are contingent upon an annual appropriation and spending authority by the Florida Legislature. In addition, the OAG’s performance and obligation to reimburse under this Agreement is contingent upon the OAG's Victims of Crime Act award, as funded through the U.S. Department of Justice, Office for Victims of Crime formula grant program.

  • Distribution of Shares (a) Subject to the provisions of Paragraphs 6, 7, 10, 11, 12, 13 and 14 hereof, and to such minimum purchase and other requirements as may from time to time be indicated in the Fund's Prospectus, Distributor, acting as principal for its own account and not as agent for the Fund, shall have the right to purchase Shares from the Fund. Distributor shall sell Shares only in accordance with the Fund's Prospectus, on a "best efforts" basis. Distributor shall purchase Shares from the Fund at a price equal to the net asset value, shall sell Shares at the public offering price as defined in Paragraph 8, and shall retain all sales charges. (b) The Fund shall pay all expenses associated with notices, proxy solicitation material, the preparation of annual or more frequent revisions to the Fund's Prospectus and SAI and of printing and supplying the currently effective Prospectus and SAI to shareholders, other than those necessitated by Distributor's activities or rules and regulations related to Distributor's activities where such amendments or supplements result in expenses which the Fund would not otherwise have incurred. (c) The Distributor (or its affiliates) shall pay the costs of printing and supplying all copies of the Prospectus and SAI that it may reasonably request for use in connection with the distribution of Shares. The Distributor will also pay the expenses of the preparation, excluding legal fees, and printing of all amendments and supplements to the Fund's Prospectus and SAI if the amendment or supplement arises from Distributor's activities or rules and regulations related to Distributor's activities and those expenses would not otherwise have been incurred by the Fund. Distributor will pay all expenses incurred by Distributor in advertising, promoting and selling Fund Shares. (d) Prior to the continuous offering of any Fund Shares, commencing on a date agreed upon by the Fund and the Distributor, it is contemplated that the Distributor may solicit subscriptions for such Shares during a subscription period which shall last for such period as may be agreed upon by the parties hereto. The subscriptions will be payable within three business days after the termination of the subscription period, at which time the Fund will commence operations.

  • Award Distribution In the event Lessor accepts Lessee's offer to purchase the Leased Property, or to substitute a new property for the Leased Property, as described in clause (b) of Section 15.4, the entire Award shall belong to Lessee provided no event of default is continuing and Lessor agrees to assign to Lessee all of its rights thereto. In any other event, the entire Award shall belong to and be paid to Lessor, except that, if this Lease is terminated, and subject to the rights of the Facility Mortgagee, Lessee shall be entitled to receive from the Award, if and to the extent such Award specifically includes such items, the following: (a) A sum attributable to the Capital Additions for which Lessee would be entitled to reimbursement at the end of the Term pursuant to the provisions of Section 10.2(c) and the value, if any, of the leasehold interest of Lessee under this Lease; and (b) A sum attributable to Lessee's Personal Property and any reasonable removal and relocation costs included in the Award. If Lessee is required or elects to restore the Facility, Lessor agrees that, subject to the rights of the Facility Mortgagees, its portion of the Award shall be used for such restoration and it shall hold such portion of the Award in trust, for application to the cost of the restoration.

  • Payment of Grant On or before the 30th day following the close of each calendar quarter that falls within the Term, Grantee shall submit an invoice to Project Monitor detailing all Project Account costs for the prior three calendar months, to the extent that the prior three calendar months fall within the Term, along with all supporting documentation and support therefor, as described in Paragraph 7 of this Grant Contract. Costs contained in untimely, unsupported, or otherwise incomplete invoices shall be deemed Unauthorized Costs, for which Sponsor shall not be liable, directly or indirectly. Grantee shall submit invoices to the Human Services Office via email on the following dates: For the period of July – September, due on or before October 31, 2024 For the period of October – December, dues on or before January 31, 2025 For the period of January – March, due on or before April 30, 2025 For the period of April – June, due on or before June 30, 2025 Xxxxxxx’s invoices submitted hereunder shall be handled as all other claims against the Sponsor. No payment shall be made for Unauthorized Costs. The Sponsor shall authorize payment for Xxxxxxx’s invoices only after Project Monitor assures the Sponsor in writing that Services rendered by Grantee prior to the date of making the claim were performed in accordance with the Grant Contract, and that all costs conform to the Project Budget. Such assurance shall include the submission of all supporting documentation and support for costs as described in Paragraph 7 of this Grant Contract.

  • Nonqualified Distributions If you do not meet the requirements for a qualified distribution, any earnings you withdraw from your Xxxx XXX will be included in your gross income and, if you are under age 59½, may be subject to an early distribution penalty tax. However, when you take a distribution, the amounts you contributed annually to any Xxxx XXX and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Xxxx XXX, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Xxxx XXX on a first-in, first-out basis. Therefore, your nonqualified distributions will not be taxable to you until your withdrawals exceed the amount of your annual contributions, military death gratuity or SGLI payments and your conversions and employer-sponsored retirement plan rollovers.

  • Allocation of Award The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s business during the remaining Term, if any, for the taking of Lessee’s Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof: (i) by check payable to the order of the Company; or (ii) delivery of an irrevocable and unconditional undertaking, satisfactory in form and substance to the Company, by a creditworthy broker to deliver promptly to the Company sufficient funds to pay the exercise price, or delivery by the Optionee to the Company of a copy of irrevocable and unconditional instructions, satisfactory in form and substance to the Company, to a creditworthy broker to deliver promptly to the Company cash or a check sufficient to pay the exercise price; or (iii) subject to Section 7(b) below, if the Common Stock is then traded on a national securities exchange or on the Nasdaq National Market (or successor trading system), by delivery of shares of Common Stock having a fair market value equal as of the date of exercise to the option price. In the case of (iii) above, fair market value as of the date of exercise shall be determined as of the last business day for which such prices or quotes are available prior to the date of exercise and shall mean (i) the last reported sale price (on that date) of the Common Stock on the principal national securities exchange on which the Common Stock is traded, if the Common Stock is then traded on a national securities exchange; or (ii) the last reported sale price (on that date) of the Common Stock on the Nasdaq National Market (or successor trading system), if the Common Stock is not then traded on a national securities exchange.

  • Aggregation of Shares If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

  • Elective Distributions in Cash or Shares Whenever the Company intends to distribute a dividend payable at the election of the holders of Shares in cash or in additional Shares, the Company shall give notice thereof to the Depositary at least 30 days prior to the proposed distribution stating whether or not it wishes such elective distribution to be made available to Holders of ADSs. Upon receipt of notice indicating that the Company wishes such elective distribution to be made available to Holders of ADSs, the Depositary shall consult with the Company to determine, and the Company shall assist the Depositary in its determination, whether it is lawful and reasonably practicable to make such elective distribution available to the Holders of ADSs. The Depositary shall make such elective distribution available to Holders only if (i) the Company shall have timely requested that the elective distribution is available to Holders of ADRs, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7 hereof (including, without limitation, any legal opinions of counsel in any applicable jurisdiction that the Depositary in its reasonable discretion may request, at the expense of the Company) and (iii) the Depositary shall have determined that such distribution is lawful and reasonably practicable. If the above conditions are not satisfied, the Depositary shall, to the extent permitted by law, distribute to the Holders, on the basis of the same determination as is made in the local market in respect of the Shares for which no election is made, either cash upon the terms described in Section 4.1 hereof or additional ADSs representing such additional Shares upon the terms described in Section 4.2 hereof. If the above conditions are satisfied, the Depositary shall establish an ADS Record Date (on the terms described in Section 4.7 hereof) and establish procedures to enable Holders to elect the receipt of the proposed dividend in cash or in additional ADSs. The Company shall assist the Depositary in establishing such procedures to the extent necessary. Subject to Section 5.9 hereof, if a Holder elects to receive the proposed dividend in cash, the dividend shall be distributed upon the terms described in Section 4.1 hereof or in ADSs, the dividend shall be distributed upon the terms described in Section 4.2 hereof. Nothing herein shall obligate the Depositary to make available to Holders a method to receive the elective dividend in Shares (rather than ADSs). There can be no assurance that Holders generally, or any Holder in particular, will be given the opportunity to receive elective distributions on the same terms and conditions as the holders of Shares.

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