Funding Disbursement Sample Clauses

Funding Disbursement. The amount Mattawan Consolidated School receives from outside agencies per intern/student teacher will be deposited in the school’s account for the supervising Bargaining Unit Member to purchase items for his/her professional use. The Business Office will notify supervising Bargaining Unit Member when funds have been received and are available to spend.
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Funding Disbursement. The Grantor will distribute ½ of the Grant Funds to the Grantee within fourteen (14) business days following execution of this Agreement, and the remainder ½ within 14 days upon receipt of the 6-month report as outlined on Addendum 1: Funding Disbursement Schedule
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Funding Disbursement. It is expressly agreed and understood that the total amount to be paid by the City under this contract shall not exceed $2,000.00 per household as a fee for each closed home purchase loan. The Contractor shall provide the City with an invoice and complete loan application along with all necessary documentation. All documentation shall be submitted to the Planning & Housing Division, 1104 Xxxxxx Xxxxxx Xxxx Xx. Avenue, Lakeland, Florida 33805. The City shall pay to the Contractor funds available under this Agreement based upon documentation submitted by the Contractor and upon closing on the client/recipient’s home purchase. No payment for services shall be made without a completed home purchase package. Minimum documentation shall include, but not be limited to: • Loan Summary • Applicant Certification of Federal Assistance • Household Certification and Consent Form • Homebuyer Education Certificate of Completion • Copies of Driver’s License and Social Security Cards • Transmittal Summary • Good Faith Estimate of Xxxxxxxx’s Settlement Costs • Signed Loan Application • Credit Report • Guideform Notice - Disclosures to Seller with Voluntary, Arm’s Length Purchase Offer • URA - Owner’s Statement of Occupancy Status • Sales Contract • Appraisal • Certificate of Occupancy • Income Certification • Income Verifications The Contractor shall not produce program income as a result of administering these funds for this program. COVID-19 relief activities shall be expended through CDBG-CV3 funding no later than September thirtieth (30th) 2023. Contractor will provide intake processing for 30 mortgage assistance applications for assistance up to six months per application with a total budget of $150,000. The contractor shall submit documentation to support the reason for mortgage or forbearance assistance is due to COVID-19 impacts. Contractor may request 5% of the award amount approved for each acceptable application be provided for administrative costs and may further request an additional 5% of the amount of the award approved for each acceptable application be provided for program delivery costs.
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Funding Disbursement. After Xxxxxxxx's satisfaction of the conditions set forth in Section 4.3 below, the Predevelopment Loan shall be funded in accordance with the following requirements:
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Funding Disbursement. 4.2.1 Transferred technical assistance funds shall be deposited by the Recipient in a separate project account carrying the name and number of the project and the funds shall be expended from the account only as authorized under the terms of this Technical Assistance Agreement.
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Funding Disbursement. 4.2.1 Transferred grant funds shall be deposited by the Grantee in a separate project account carrying the name and number of the project and the funds shall be expended from the account only as authorized under the terms of this Grant Agreement.
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Related to Funding Disbursement

  • Disbursement 7.1.1 Subject to the availability of sufficient moneys in and from the Funding Source based on Agency’s reasonable projections of moneys accruing to the Funding Source, Agency will disburse Grant Funds to Grantee for the allowable Project activities described in Exhibit A that are undertaken during the Performance Period.

  • Land Acquisition Disbursement To initiate the purchase of the Land, the Recipient must first complete and submit a written Request to Proceed to the Director prior to Closing. The Request to Proceed must name the proposed Title Agent and must indicate the amount of Funds requested from the OPWC for the land acquisition, including expected settlement costs, based upon the participation ratio and the amount of funds expected from any Matching Funds. The Request to Proceed must contain as attachments: (a) a copy of the proposed Deed Restrictions; (b) a copy of the executed purchase agreement with respect to, or such other agreement to convey an interest in, the Land between the Recipient and the Land owner; (c) a copy of the performed appraisal according to the specifications provided by the Director; (d) evidence satisfactory to the Director that Recipient will acquire marketable title to the Land at Closing; and (d) if the Recipient desires to elect the pre-closing option described below (i) a copy of the signed escrow agreement among Recipient, Title Agent and the OPWC, executed by Recipient and Title Agent, substantially in the form of Appendix F of this Agreement (the "Escrow Agreement") and (ii) if the Title Agent is an agent for a title insurance company, rather than a title company itself, a closing protection letter issued by the title insurance company to the OPWC. Funds for land acquisition shall be disbursed to the Recipient, as part of a grant to the Recipient pursuant to Revised Code Sections 164.20 through 164.27, pursuant to the pre-closing option and/or the reimbursement option, as described in subsections 5(a) and 5(b), respectively.

  • Administrative Fees The Borrower agrees to pay to the Administrative Agent an annual fee as agreed to between the Borrower and the Administrative Agent.

  • Administration Fee As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive the Administration Fee in accordance with Section 8.4 of the Indenture. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • Reimbursement Procedure Reimbursement shall be made upon successful completion of a course with a grade of C (2.00) or better. The employee shall submit an official transcript or certificate demonstrating successful completion of the course and a receipt from the institution confirming the employee has paid for tuition, fees, and required textbooks. Any financial assistance available to an employee shall be deducted from the amount of tuition reimbursement that would otherwise be payable. The employee shall not be reimbursed for incidental expenses such as paper or supplies, mileage, parking, meals, or other expenses other than tuition, fees, and required textbooks.

  • Cash Advance Fee If you request a Cash Advance, in addition to the Interest Charge which will accrue on the Cash Advance, you agree to pay a fee of three percent (3%) of the amount of the Cash Advance subject to a minimum fee of $10.00.

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