Encumbrance of Funds Sample Clauses

Encumbrance of Funds. The Grantee shall execute a binding contract for at least a part of the Scope of Work by [INSERT DATE], except as allowed below.
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Encumbrance of Funds. To encumber means to have a signed contract with an architect or contractor for the expenditure of all grant and matching funds. The Grantee shall execute a binding contractual agreement for the entire Scope of Work. The Grantee shall submit project contracts to the Division for review and approval prior to execution. All grantees shall submit documentation demonstrating a competitive procurement process as part of their encumbrance documentation (See Section 40). The Grantee shall insert a provision in all of its subcontracts for services under this Agreement that subcontractors may not discriminate against any employee employed under the Subcontract, or against any applicant for employment because of race, religion, gender, national origin, age, disability or marital status. (See Section 35). Encumbrance documentation shall be submitted as part of the Deliverables and Performance Measures for the first payment.
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Encumbrance of Funds. The Grantee sha l execute a binding contract for at least a part of the Scope of Work within six (6) months from the date of execution of this Agreement, except as a lowed below.
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Encumbrance of Funds. The Grantee shall execute a binding contract for at least a part of the Scope of Work by September 30, 2016, except as allowed below.
Sample 1
Encumbrance of Funds. The Grantee shall execute a binding contract for at least a part of the Scope of Work by [INSERT DATE]. All grant funds must be encumbered under the terms of a binding contractual agreement by [INSERT DATE], except as allowed below. Extension of Encumbrance Deadline: The encumbrance deadline indicated above may be extended by written approval of the Division. To be eligible for this extension, the Grantee must demonstrate to the Division that full encumbrance of grant funding and the required match by binding contract(s) is achievable by the end of the requested extended encumbrance period. The Grantee's written request for extension of the encumbrance deadline must be submitted to the Department no later than fifteen (15) days prior to the encumbrance deadline indicated above. The maximum extension of the encumbrance period shall be [INSERT NUMBER OF DAYS] days. Encumbrance Deadline Exception: For projects not involving contract services the Grantee and the Department shall consult on a case-by-case basis to develop an acceptable encumbrance schedule.
Sample 1

Related to Encumbrance of Funds

  • Deposit of Funds Before 11:00 A.M., New York City time, on each Redemption Date, Fundamental Change Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose.

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • Allocation and Use of Funds All allocations and use of funds under this Grant shall be in accordance with the applicable federal Notice of Funding Opportunity (NOFO) for the Federal Grant Title specified on this Grant.

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division.

  • Retention of Funds Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.

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