Fund Disbursement. First installment of the Grant-in-aid will be released after issue of the GLA subject to fulfillment of the terms and conditions for such release by the relevant Parties. Further release of funds shall be subject to satisfactory progress against the objectives, outputs, milestones and targets specified in the Project which progress shall be determined by BIRAC and on submission of audited/certified statements of accounts and utilization certificates as provided for in Point 2 (a).
Fund Disbursement. The Subrecipient may request reimbursement by submitting the SLFRF requisition form attached hereto as Exhibit 4 (“Requisition Form”) with backup documentation detailing itemized expenditures by activity and cost categories. All SLFRF funds must be requested on the SLFRF Requisition Form provided. No funds may be disbursed until all required reports and supporting documentation are submitted. The City of Providence reserves the right to request additional compliance documentation before disbursing funds. The Subrecipient shall not request disbursement of funds until funds are needed for reimbursement of eligible costs. The amount of each request must be limited to the amount needed and the proposed use of the funds must be documented and in accordance with the Program Budget, and all SLFRF regulations/guidance. In the event the Subrecipient fails to pay contractors, subcontractors, vendors or others with claims against the Program, the City of Providence reserves the right to withhold all remaining program funds until payments and/or all conflicts/liens are resolved. The Subrecipient pledges to undertake contracts and subcontracts and manage payments using mechanisms that protect the interests of the Subrecipient and the City of Providence, such as retaining portions of contracts until completion and requiring bonds, warranties and insurance as appropriate. The Subrecipient will obtain competitive pricing quotes or bids for all services, contracts or purchases, in compliance 2 CFR 200.317-326 – Procurement Standards and the Manual. SLFRF Commitment The City of Providence agrees to disburse SLFRF funds subject to the terms and conditions contained in this Contract Agreement. Such disbursements shall not, in the aggregate, exceed that amount designated for total funding listed on page two (2) of this Contract Agreement and as detailed in the Program Budget. In no instance shall the City of Providence be liable for any costs incurred in excess of this commitment (hereinafter referred to as the “SLFRF commitment”), nor for any unauthorized or ineligible costs. Expenses that are out of compliance with this Contract Agreement may be determined ineligible and may be subject to repayment and/or recapture by USDT and/or the City of Providence.
Fund Disbursement. All funds disbursed by Grantee to the Subrecipient under this Agreement shall be made pursuant to this Agreement and following receipt, review, and approval of a final report on the Services. In addition:
Fund Disbursement. Grantees will be reimbursed as fol- lows:
Fund Disbursement. In consideration for the promised services described in the scope of work, the Chancellor's Office agrees to pay the Grantee the "Grant Funds" amount stated in the Grant Agreement face sheet. Payments will be disbursed after the Budget Act has been approved by the Governor of California and the Chancellor’s Office Budget and Accounting Offices have established the allocations within their respective systems. The following details the steps for the Payment Schedule process.
Fund Disbursement. (a) The Agent, for the account of the Lenders, shall disburse all loans and advances to the Borrower and shall handle all collections of Collateral and repayment of Obligations. It is understood that for purposes of advances to the Borrower and for purposes of this Section 14.1 the Agent is using the funds of the Agent.
Fund Disbursement. Unless Tenant terminates this Lease pursuant to and in accordance with Section 11.3, the proceeds of any Property Damage Policy shall be disbursed as follows, subject to the rights of the Leasehold Mortgagees with respect to funds payable directly to Tenant:
Fund Disbursement. Owner shall not request disbursement of Exchange Program funds unless such request is for payment of Eligible Costs under the Exchange Program, and the amount requested at any time cannot exceed Eligible Costs actually incurred. Cash Assistance cannot be placed into escrow accounts or advanced in lump sums to Owner. In order to obtain a disbursement of Cash Assistance, Owner must deliver to AHFA a fully executed draw request substantially in the form required by the Cash Assistance Documents, together with the supporting documentation referenced therein, fully executed by the other parties indicated as signatories thereon.
Fund Disbursement. PGE will disperse 75% of the DCF Award within ten (10) business days after signing this Agreement. PGE will disperse the remainder of the DCF award amount within thirty business
Fund Disbursement. The ABC may request reimbursement as frequently as once a month, by submitting the attached form with a budget which details itemized TH expenditures by activity and cost categories. ALL TH funds must be requested on the Draw Request Form (See Exhibit C). No funds will be disbursed until all required reports and substantiating documentation are submitted. Reallocation of funds, Termination, Suspension, Conditions If the ABC fails to comply with the terms, conditions or requirements of this Agreement, the Grantee may terminate or suspend this Agreement by giving written notice of the same and specifying the effective date of termination or suspension at least _30 days prior to such action. In the case of Agreement violations by ABC, the Grantee may request that all or some of the grant funds be returned even if ABC has expended the funds. The request will be made in writing. ABC agrees to return such funds as requested by the Grantee within _30 request. (Also see Goals and Objectives) days of receipt of the written If ABC becomes aware that any part of the contract cannot be performed (including force majeure) it is incumbent upon ABC to notify BHA immediately as prescribed below. If BHA becomes aware that any part of the contract cannot be performed (including force majeure) it is incumbent upon BHA to notify Sub-recipient immediately. BHA contact information: Name: Address: Address: Phone:
