Funding of the Grant Sample Clauses

Funding of the Grant. Upon completion of construction of the Facility pursuant to Section 3.6 above, Grantee shall submit to Triumph a Request for Funding for not more than the full amount of the Grant in the form attached as Exhibit “A” (the “Request for Funding”) in accordance with the Budget and shall submit information pursuant to a SmartSheet system by Xxxxxxx’s authorized users. The Request for Funding shall include the following items (A) through (H): (A) completed detailed final Project account spreadsheet (i.e., in a tab on the Budget); (B) a completed final Expense Itemization Sheet in a form provided by Triumph (“Expense Itemization Sheet”) for construction of the Facility and for each other Matching Funds category, together with invoices, receipts, or contracts from vendors providing equipment, materials, and services; (C) payroll ledgers, percentage of time dedicated to the Project, and job descriptions as they relate to the Project; (D) documentation evidencing the completion of the work that is the subject of the requested funding, (E) to the extent not already provided to Triumph under Section 5.3 below, copies of front and back of cancelled checks for funding, or copies of wire transfers or other Triumph approved forms of confirmations of payment; (F) [intentionally omitted]; (G) copies of the insurance policies required under this Agreement and evidence that such policies are in current force and effect; and (H) such other documents as Triumph shall reasonably require in order to determine that the proposed funding is consistent with the purposes of the Grant. Grantee shall notify the Triumph Program Administrator via email at such time as the Request for Funding is submitted. Notwithstanding anything to the contrary in this Agreement, the Request for Funding shall not be submitted for a funding request in excess of forth three percent (43%) the amount of the invoice(s) actually paid to contractors under the construction contract for the Facility (with the remaining fifty seven percent (57%) having been paid from Space Florida’s Matching Funds). In no event shall the cumulative funding made by Triumph exceed the $6,000,000 maximum amount of the Grant. Upon Triumph’s receipt of (a) notification to the Program Administrator, and (b) the Request for Funding that includes all required supporting documents, Triumph shall have forty- five (45) days from receipt to review and either approve or disapprove of the Request for Funding. If Triumph approves the Request for...
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Funding of the Grant. Grantee shall submit to Triumph a separate Request for Funding for each Budget category on the form attached hereto as Exhibit “A” and incorporated herein (a “Request for Funding”) in accordance with the Budget and shall submit information pursuant to a SmartSheet system by Grantee’s authorized users listed in Exhibit “C” attached hereto and incorporated herein. After the first Request for Funding, each subsequent Request for Funding may only be submitted after Triumph’s approval of the immediately preceding Request for Funding. Each Request for Funding shall include the following items (A) through (H): (A) completed detailed Project account spreadsheet (i.e., in a tab on the Budget), (B) a completed Expense Itemization Sheet in a form provided by Triumph (“Expense Itemization Sheet”) for each category of funds requested and a separate form for the Matching Funds category, together with invoices, receipts, or contracts from vendors providing equipment, materials, and services;
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Funding of the Grant. Grantee shall submit to Triumph a separate Request for Funding for each Budget category on the form attached hereto as Exhibit “A” and incorporated herein (a “Request for Funding”) in accordance with the Budget and shall submit information pursuant to a SmartSheet system by Xxxxxxx’s authorized users listed in Exhibit “C” attached hereto and incorporated herein. The first Request for Funding shall be in connection with Xxxxxxx’s purchase of the Property. No Grant funds shall be disbursed to Grantee with respect to Grantee’s purchase of the Property unless and until (i) Triumph has reviewed and approved the purchase and sale agreement for the Property (“Purchase Agreement”), which Purchase Agreement shall provide for, among other things, Grantee to purchase fee simple title to the Property for a purchase price of not more than $3,700,000, (ii) Grantee and the seller of the Property are ready, willing, and able to consummate the purchase and sale of the Property on and subject to the terms set forth in the Purchase Agreement, (iii) the closing and consummation of the purchase and sale of the Property on and subject to the terms set forth in the Purchase Agreement (the “Closing”) is scheduled for a date certain with a title insurance company or law firm (“Closing Agent”) reasonably acceptable to Triumph, (iv) Triumph has reviewed and approved the deed and the settlement statement for the closing of the transaction, and (v) Grantee has submitted a Request for Funding in connection with the proposed purchase of the Property. In the event the Closing does not occur for any reason, then any Grant funds funded by Triumph to the Closing Agent shall be to Triumph. After the first Request for Funding, each subsequent Request for Funding may only be submitted after Triumph’s approval of the immediately preceding Request for Funding. Each Request for Funding shall include the following items (A) through (H): (A) completed detailed Project account spreadsheet (i.e., in a tab on the Budget), (B) a completed Expense Itemization Sheet in a form provided by Triumph (“Expense Itemization Sheet”) for each category of funds requested and for Matching Funds category, together with invoices, receipts, or contracts from vendors providing equipment, materials, and services; (C) payroll ledgers, percentage of time dedicated to the Project, and job descriptions as they relate to the Project, (D) documentation evidencing the completion of the work that is the subject of the requested...
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Funding of the Grant. Provided and subject to the condition precedent that (i) the Grantee is irrevocably committed to contributing to the Company the Land (as defined in Section 5.2 below) in the Park, which Land shall have a fair market value of not less than $400,000,
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Funding of the Grant. Provided that (i) the Company has either (a) executed binding and enforceable construction contracts for the construction of its building facilities and purchase of equipment at the Park as shown on the Budget (the “C&E Improvements”) at a cost of not less than $22,000,000, with a reputable commercial contractor, which contract shall provide for a commencement and prosecution of construction on a timeline substantially concurrent with construction of the Project, or (b) subject to prior approval of Triumph, committed to constructing the C&E Improvements with a value of not less than $22,000,000 using in-house resources, and
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Funding of the Grant. 1. Awards of grants are typically limited to single purpose projects with a short-time frame for completion, such as purchase of new signage. Grants shall be funded in a single payment at the time an invoice is provided for the improvements approved for the project. The amount of the funding will be limited to 50% of the invoiced amount regardless of the amount of the initial award. Funding of the Loan
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Funding of the Grant. Concurrently with the execution of this Agreement, Grantee may submit to Triumph a Request for Funding on the form attached hereto as Exhibit “A” and incorporated herein (a “Request for Funding”) pursuant to a SmartSheet system by Grantee’s authorized users listed in Exhibit “C” attached hereto and incorporated herein, in the full amount of the Grant (Three Million Six Hundred Seventy Five Thousand Dollars ($3,675,000)) to be used in connection with Grantee’s purchase of the Property in accordance with the Budget. The Request for Funding shall include the following items (A) through (D): (A) completed detailed Project account spreadsheet (i.e., in a tab on the Budget), (B) a completed Expense Itemization Sheet in a form provided by Triumph (“Expense Itemization Sheet”); (C) copies of the Closing Documents, and (D) such other documents as Triumph shall require in order to determine that the funding is consistent with the purposes of the Grant. In no event shall the cumulative fundings made by Triumph exceed the $3,675,000 maximum amount of the Grant. Upon Triumph’s receipt of (a) notification to the Program Administrator at xxxxxxxxxx@xxxxxxxxxxxxxxxx.xxx (or such other address as Triumph shall specify), and (b) a Request for Funding that includes all required supporting documents, Triumph shall have forty- five (45) days from receipt to review and either approve or disapprove the Request for Funding. If Triumph approves the Request for Funding, then it shall fund the approved amount within thirty
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Funding of the Grant. Funding of the Grant shall occur and be conditional and subject to the clawbacks described in items (1) – (7) below and in Section 8 below, as follows:
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Funding of the Grant 
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Related to Funding of the Grant

  • Payment of the Grant 8.1 The Commonwealth agrees to pay the Grant to the Grantee in accordance with the Grant Details.

  • Purpose of the Grant I.1.1 The Commission has decided to award a grant, under the terms and conditions set out in the Special Conditions, the General Conditions and the Annexes to the agreement, which the beneficiary hereby declares that he has taken note of and accepts, for the action entitled […] ("the action").

  • Funding of Borrowings (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request.

  • Duration of the Grant The Activity starts on 1 July 2021 and ends on 30 June 2024, which is the Activity Completion Date. The Agreement ends on 30 November 2024 or when the Commonwealth accepts all of the reports provided by the Grantee and the Grantee has repaid any Grant amount as required under this Agreement, which is the Agreement End Date.

  • Amount of the Grant 4.1 The Commissioner has agreed funding of up to the Grant Amount, subject to compliance by the Recipient with the terms of this Grant Agreement.

  • Spending the Grant 9.1 The Grantee agrees to spend the Grant for the purpose of undertaking the Activity only.

  • Liquidity Event If there is a Liquidity Event before the termination of this Safe, this Safe will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds, due and payable to the Investor immediately prior to, or concurrent with, the consummation of such Liquidity Event, equal to the greater of (i) the Purchase Amount (the “Cash-Out Amount”) or (ii) the amount payable on the number of shares of Common Stock equal to the Purchase Amount divided by the Liquidity Price (the “Conversion Amount”). If any of the Company’s securityholders are given a choice as to the form and amount of Proceeds to be received in a Liquidity Event, the Investor will be given the same choice, provided that the Investor may not choose to receive a form of consideration that the Investor would be ineligible to receive as a result of the Investor’s failure to satisfy any requirement or limitation generally applicable to the Company’s securityholders, or under any applicable laws. Notwithstanding the foregoing, in connection with a Change of Control intended to qualify as a tax-free reorganization, the Company may reduce the cash portion of Proceeds payable to the Investor by the amount determined by its board of directors in good faith for such Change of Control to qualify as a tax-free reorganization for U.S. federal income tax purposes, provided that such reduction (A) does not reduce the total Proceeds payable to such Investor and (B) is applied in the same manner and on a pro rata basis to all securityholders who have equal priority to the Investor under Section 1(d). In connection with Section 1(b)(i) , the Purchase Amount will be due and payable by the Company to the Investor immediately prior to, or concurrent with, the consummation of the Liquidity Event. If there are not enough funds to pay

  • Refinancing Preparation Advance If the Financing Agreement provides for the repayment out of the proceeds of the Financing of an advance made by the Association or the Bank (“Preparation Advance”), the Association shall, on behalf of the Recipient, withdraw from the Financing Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Financing Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Association shall pay the amount so withdrawn to itself or the Bank, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

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