Common use of Drawdowns Clause in Contracts

Drawdowns. (1) Without HUD approval, the Grantee may draw down HOPE VI Grant funds for a Budget Line Item (BLI) in an amount up to 110 percent of the amount of that BLI that HUD has approved and made available for drawdown.

Appears in 10 contracts

Samples: Revitalization Grant Agreement, Hope Vi Revitalization Grant Agreement, Vi Revitalization Grant Agreement

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Drawdowns. (1) Without HUD approval, the Grantee may draw down HOPE VI Grant grant funds for a Budget Line Item (BLI) in an amount up to 110 percent of the amount of that BLI that HUD has approved and made available for drawdown.

Appears in 1 contract

Samples: Grant Agreement

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