FUNDS ASSIST Sample Clauses

The 'FUNDS ASSIST' clause establishes the obligation or mechanism by which one party provides financial support or assistance to another party under the agreement. Typically, this clause outlines the conditions under which funds will be advanced, the purposes for which the funds may be used, and any requirements for repayment or accounting. For example, it may specify that a lender will disburse funds to assist with project costs or operational expenses, subject to certain milestones or documentation. The core function of this clause is to ensure that necessary financial resources are made available to facilitate the performance of contractual obligations, thereby reducing the risk of project delays or failures due to lack of funding.
FUNDS ASSIST. The Funds Assist process has been developed by DBW as a method for grantees with excessive, unused funds to assist other participating SAVE agencies in need. Funds Assist is a voluntary action (by both agencies) until within six (6) months of the expiration date of the grant at which time it will become a required action of those agencies with remaining grant balances, at DBW’s discretion. The Funds Assist process works as follows: a. DBW will contact Grantees six (6) months prior to the conclusion of the grant term to request a status of grant funds being fully spent. Upon receipt of this request, the Grantee shall respond and confirm one of the following: (a) all funds will be fully utilized, (b) all funds will not be fully utilized, or (c) all funds have been fully utilized and additional funding could be used. If applicable, the Grantee’s response must include an estimate of funding that will be unspent at the end of the grant term or the additional amount of funding that could be spent if available. Based on Grantee responses, DBW will prepare the necessary grant amendments and reallocate funds as appropriate. The Grantee shall execute any such amendments within the timeframe specified by DBW. b. If grant amendments are not possible, DBW may require collaboration and reimbursement between agencies. Specifics for this process will be discussed with participating agencies when needed.
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FUNDS ASSIST. The Funds Assist process has been developed by DBW as a method for grantees with excessive, unused funds to assist other participating SAVE agencies in need. Funds Assist is a voluntary action (by both agencies) until within three (3) months of the expiration date of the grant at which time it will become a required action of those agencies with remaining grant balances, at DBW’s discretion. The Funds Assist process works as follows: a. An introduction is made by DBW between the agency with excessive funds (Agency A) and the agency in need (Agency B). b. A deadline shall be imposed by DBW for the work to be completed by Agency B. c. Agency B pays for all contractor invoices, as is required with the SAVE grant. d. The 10% required match is the obligation of Agency B and may be met with cash, in- kind services, or a combination of both. e. To obtain reimbursement, Agency B will be required to supply the following to Agency A: (1) A Tax Identification Form (W-9) (2) All requirements/documents apply as outlined in this agreement under #24 (3) A statement on Agency B’s letterhead invoicing Agency A for the total reimbursement request. (4) Copies of completed forms and support documents to DBW for pre- approval. f. Agency A completes the following actions: (1) Upon approval by DBW, pay Agency B the invoiced amount within 30 days and record as a pass-through grant (or use your accounting method preference). (2) Complete DBW’s Abandoned Vessel and/or Surrendered Vessel Reimbursement Claim Form and attach all supporting documents as listed in item b, c & d above, including the verification of payment to Agency B i.e., cancelled check or statement from Agency B of payment received. (3) Email the documents to the DBW program administrator for review. Once reviewed and approved, send finalized claim forms to DBW for payment processing. DBW will act as a courtesy liaison between the agencies to ensure (as much as possible) that documents are correctly processed.
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FUNDS ASSIST. The Funds Assist process has been developed by DBW as a method for grantees with excessive, unused funds to assist other participating SAVE agencies in need. Funds Assist is a voluntary action (by both agencies) until within three (3) months of the expiration date of the grant at which time it will become a required action of those agencies with remaining grant balances, at DBW’s discretion. The Funds Assist process works as follows: a. An introduction is made by DBW between the agency with excessive funds (Agency A) and the agency in need (Agency B). b. A deadline shall be imposed by DBW for the work to be completed by Agency B. c. Agency B pays for all contractor invoices, as is required with the SAVE grant. d. The 10% required match is the obligation of Agency B and may be met with cash, in- kind services, or a combination of both. e. To obtain reimbursement, Agency B will be required to supply the following to Agency A: i. A Tax Identification Form (W-9) ii. All requirements/documents apply as outlined in this agreement under #24 iii. A statement on Agency B’s letterhead invoicing Agency A for the total reimbursement request.
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Related to FUNDS ASSIST

  • Mandatory Assistance If a third party dispute or litigation, or both, arises out of, or relates in any way to the services provided to the City under a Contract, Contractor , its agents, officers, and employees agree to assist in resolving the dispute or litigation upon City’s request. Contractor’s assistance includes, but is not limited to, providing professional consultations,

  • Litigation Assistance Except when it would constitute a direct conflict of interest for BA, BA will make itself available to assist CE in any administrative or judicial proceeding by testifying as witness as to an alleged violation of HIPAA, the HITECH Act, the Privacy or Security Rule, or other law relating to security or privacy.

  • Regulatory Assistance WuXi Biologics will provide assistance to Licensee, and any sublicensee, in respect of Licensee’s or such sublicensee’s regulatory filing activities for the Client Product and/or Drug Product, at Licensee’s or such sublicensee’s reasonable cost and expense on [***] rate.

  • Financing Assistance O&M Contractor shall cooperate with Owner in connection with Owner’s efforts to obtain and maintain any Financing. Without limiting the generality of the foregoing, O&M Contractor: (a) shall execute such typical documents as an operations and maintenance contractor executes in a project finance transaction or as Owner reasonably requests in connection with obtaining and maintaining any Financing, including a consent to assignment and any certifications and opinions required with respect to the Financing in form and substance reasonably acceptable to O&M Contractor, Owner and the Project Lender; (b) shall deliver to Owner and the Project Lender information customarily provided in connection with a project financing in format and content mutually acceptable to the Parties regarding the financial capability of O&M Contractor and shall facilitate reasonable inspections of the Site; (c) shall, at Owner’s reasonable request, attend and participate in presentations to actual and potential Project Lenders; (d) hereby authorizes Owner to (i) provide this Agreement to potential Project Lenders (subject to Section 17.5), and (ii) include a description of the material provisions of this Agreement in any offering circular or document required for the Financing and/or, if the Financing must be registered or otherwise disclosed in accordance with Applicable Law, that Owner may, after consultation with O&M Contractor, file this Agreement as an exhibit to such registration statement or other disclosure; (e) at Owner’s request, shall reasonably cooperate with the independent engineer and any rating agencies or credit enhancement entities associated with a Financing; (f) at Owner’s request, shall reasonably cooperate in connection with tax-exempt Financing or any Financing or other arrangements effected to reduce taxes on the Project or the work, which cooperation shall not include, or be considered or deemed to be, tax advice or planning; and (g) shall provide Owner and the Project Lenders with legal opinions of counsel regarding the execution, delivery and validity of this Agreement, absence of conflicts, and the legal status of O&M Contractor, as Owner or any Project Lender may reasonably request in connection with obtaining and maintaining the Financing, provided that Owner shall reimburse O&M Contractor for any third-party expense reasonably incurred in providing such opinions.

  • Transition Assistance If this Contract is not renewed at the end of this term, if the Contract is otherwise terminated before project completion, or if particular work on a project is terminated for any reason, Contractor shall provide transition assistance for a reasonable, mutually agreed period of time after the expiration or termination of this Contract or particular work under this Contract. The purpose of this assistance is to allow for the expired or terminated portion of the services to continue without interruption or adverse effect, and to facilitate the orderly transfer of such services to State or its designees. The parties agree that such transition assistance is governed by the terms and conditions of this Contract, except for those terms or conditions that do not reasonably apply to such transition assistance. State shall pay Contractor for any resources utilized in performing such transition assistance at the most current Contract rates. If State terminates a project or this Contract for cause, then State may offset the cost of paying Contractor for the additional resources Contractor utilized in providing transition assistance with any damages State may have sustained as a result of Contractor’s breach.