Funding and Method of Payment. The AASM Foundation will provide funds in the amount of $xxx,xxx.xx in totality to Awardee in two separate installments as follows:
Funding and Method of Payment a) C/CAG agrees that the District is entitled to 22% of the net Measure M revenue collected, estimated at approximately $1,400,000 per fiscal year, for the Program, which C/CAG agrees to pay the District on a reimbursement basis.
Funding and Method of Payment. A. Partner agrees to enter into a separate agreement with VENDOR, a Commute Management Platform Vendor to implement the Platform described in Attachment A for a minimum of [36-months/12 months] in the amount of [funding] dollars ($X). MTC agrees to reimburse Partner a total amount up to [funding] dollars ($X) (“Maximum Platform Payment”) for the platform, and if applicable, MTC agrees to reimburse Partner a total amount up to [funding] dollars ($X) (“Maximum Incentives Payment”) for incentives. Partner agrees to provide matching funding of minimum of [funding] dollars ($X) (X% of setup fees and software subscription and licenses for [36/12] months for up to X users) and, [additional amount] for costs for additional users above 3,000 users in the agreement between Partner and the Vendor, consistent with Attachment B. Funding Breakdown. MTC funding and Partner funding covers the setup fee and [36/12] months of the software subscription and user licenses.
Funding and Method of Payment. The Parties will provide in-kind contributions and will be reimbursed for all non-in-kind contributions, as delineated in Attachment B, Project Budget. The District will serve as fiscal agent for the Project. The District shall establish a separate Fund to manage funds related to this Project and shall use monies deposited in this Fund for no other purpose than to pay eligible Project-related expenses. The District will provide payment to Parties for eligible Project-related staff hours, purchases, operation, and/or marketing costs. Parties shall submit quarterly invoices with all supporting documentation within thirty days of the end of the quarter. FTA funding will be dispersed on a reimbursement basis. Upon District approval of a submitted quarterly invoice, the District will seek FTA reimbursement for the Project cost and will disperse payment to the Parties upon receipt of funds from FTA. In the event that the Project costs exceed the budgeted amounts, as delineated in Attachment B, Project Budget, the Parties expressly agree that no Party has an obligation to provide funds in excess of the funds and/or in-kind contributions delineated in Attachment B, Project Budget, unless there is approval of additional funding and/or in-kind contributions for the Project and the Parties agree to execute a written amendment to this MOU to reflect any additional funding and/or contributions. In the event that Project cost is less than that budgeted, the in-kind contributions of each of the Parties will be reduced proportionately.
Funding and Method of Payment a) Measure M allocations are issued twice per year and funds are disbursed on a cost reimbursement basis.
Funding and Method of Payment. UNITED WAY shall fund the PROVIDER in the aggregate amount of (the "Allocated Amount") for the period from July 1, 2013through June 30, 2014, (the "Funding Period") (unless funding is terminated under the provisions of this Agreement). PROVIDER will submit monthly invoices electronically (EXHIBIT C1) to UNITED WAY within 10 calendar days after the end of the month in which services were rendered. UNITED WAY agrees to reimburse PROVIDER within 5 business days after the 10th of the month. Invoices and/or documentation returned to PROVIDER for corrections or late submission thereof may be cause for delay in receipt of payment. Further, UNITED WAY may deduct any monies due from PROVIDER from any outstanding invoice, as a result of an audit, evaluation, or other situation where UNITED WAY identifies money due from PROVIDER to UNITED WAY. If the PROVIDER is unable or unwilling to utilize the funds in the agreed manner or according to the program budget (EXHIBIT D) the PROVIDER must contact UNITED WAY within 10 business days with its recommendation(s) regarding the unexpended amount of funding. Revised budgets may be subject to renegotiation. All funds not expended for the purposes agreed to by the PROVIDER and UNITED WAY must be returned to UNITED WAY at the end of the Funding Period or at such time as it is determined by either the PROVIDER or UNITED WAY that the funds will not be expended for the purposes agreed to by the PROVIDER and UNITED WAY. This Agreement may be renewed at the sole option of UNITED WAY. The PROVIDER understands and acknowledges that an extension of the initial Agreement period by UNITED WAY shall be contingent upon the following: Continued demonstrated and documented need for the services or priority area of funding; Satisfactory program performance and utilization by PROVIDER; Demonstrated financial stability by PROVIDER; The availability of funds from UNITED WAY and approval of the board; Satisfactory Agreement compliance by PROVIDER. UNITED WAY has the authority to make adjustments, (subject to funding availability), to: (a) the maximum renewable funding for under this Agreement; (b) the maximum funding under this Agreement; and (c) payment schedules throughout the Agreement Term. Such authority and discretion are to be exercised for the purpose of maximizing expenditure of UNITED WAY funds. Such adjustments may be triggered by under utilization by PROVIDER; availability of funds; or any other reason in furtherance of the objectives o...
Funding and Method of Payment a) C/CAG agrees that the District will receive 22% of the net Measure M revenue collected for the Program between July 1, 2020, and June 30, 2021, which revenue C/CAG agrees to pay the District on a reimbursement basis.
Funding and Method of Payment. A. [Partner] agrees to enter into a separate agreement with Luum, a Commute Management Platform Vendor (herein called “the Vendor”) to implement the Platform described in Attachment A for a minimum of 36-months in the amount of [funding] dollars ($X). MTC agrees to reimburse [Partner] up to [funding] dollars ($X) from Regional Measure 2 Marketing funds (herein called (“RM2”). [Partner] agrees to provide [funding] dollars ($X) in the agreement between [Partner] and the Vendor. MTC funding covers 100% of the one-time installation fee and years one and two of the software subscription; and 50% of years one and two of the user licenses. [If applicable: MTC will also cover 30% of years one and two of the parking management module.]
Funding and Method of Payment. A. C/CAG agrees to reimburse the DISTRICT for 20% of the total PROJECT cost, up to $50,000.
Funding and Method of Payment. (a) Prior to transferring the Grant Funds to the Local Unit of Government, the deliverables set forth in Paragraph 1 above (including Exhibit A and Exhibit B) shall have been provided to the Center by the Local Unit of Government and the Company, as applicable, in form and substance reasonably satisfactory to the Center. Upon satisfaction of such deliverable requirements, the Center will transfer the full amount of the Grant to the Local Unit of Government within thirty (30) days thereafter.
