Fund Disbursements. The Fiscal Agent shall only disburse the Funds to such parties, in such amounts, and at such times as directed by the Chancellor’s Office in writing and subject to availability of Funds. Fiscal Agent is not responsible or liable for the use of the Funds disbursed in accordance with Chancellor’s Office written instructions. The Fiscal Agent is not responsible or liable to the Chancellor’s Office or third parties for any insufficiency of Funds to satisfy a Chancellor’s Office authorization to disburse Funds, unless the insufficient Funds are the result of Fiscal Agent negligent or willful conduct.
Appears in 4 contracts
Samples: Grant Agreement, Grant Agreement, Standard Agreement
