Grants and Disbursements Sample Clauses

Grants and Disbursements. The amount of the grant administered by DIHR, its designated use, and the expected period of disbursement are specified in the Project Document and Contract (hereafter, the agreement). The Agreement shall include a budget broken down into major items, and a timetable for the disbursement of the Danish grant. Disbursement of funds via DIHR in accordance with the existing Agreement is effected on the basis of a request addressed to DIHR. The request for payment must state a separate bank account to which the funds are to be transferred. Immediately after receiving any transfer the recipient country shall forward a receipt to DIHR, stating the date the transfer was received and the value in local currency. DIHR may withhold part payment of a grant until the recipient body has submitted sufficient documentation that previously disbursed funds have been spent in accordance with the Agreement. Unspent funds shall be repaid to DIHR, or if agreed upon, be credited against subsequent grants authorized under any future extension of the Agreement. Any use of funds granted by DIHR after the end of the period of the Agreement is subject to resumed negotiations with DIHR and subsequent approval. Any interest income associated with the grant is to be returned to DIHR Spending in excess of the allocated activity budgets, also when the excess spending has been caused by increased costs, is no concern of the DIHR, unless provisions to this effect have been explicitly agreed upon in advance.
Sample 1
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Grants and Disbursements. Disbursement of funds via DIHR in accordance with the existing Agreement is effected based on a request addressed to DIHR, using DIHR standard format for request for funds (B1). Immediately after receiving any transfer the recipient body shall forward a receipt to DIHR, stating the date the transfer was received and the value in local currency, using DIHR standard format for receipt of funds (B2). These receipts are archived by DIHR for its reporting to Donor. DIHR may withhold part payment of a grant until the recipient body has submitted sufficient documentation that previously disbursed funds have been spent in accordance with the Agreement. Under no circumstances can any parts of the grant be spend for other use than agreed in the contract. Where the application procedure within DIHR or performance of the agreement is vitiated by substantial errors or irregularities or by fraud attributable to partner, XXXX may refuse to make payments or may recover amounts already paid, in proportion to the seriousness of the errors, irregularities or fraud. XXXX may also suspend payments in cases where there are suspected or established errors, irregularities or fraud committed by partner in the performance of another agreement funded by XXXX. Suspension shall take effect when the notification has been send by DIHR. Any interest income or currency gain associated with the grant is to be used in direct relation to the project. Any currency losses or interest paid on overspending is to be paid by the recipient body. Spending in excess of the allocated budget headings 1. Human Resources, 2. Travel, 3. Equipment and supplies, 4. Local Office, 5. Other Costs/ Services, 6. Other Costs as specified in the Contract, also when the excess spending has been caused by increased costs, is not allowed, unless provisions to this effect have been explicitly agreed upon in advance.
Sample 1

Related to Grants and Disbursements

  • FEES AND DISBURSEMENTS 6.1 The Service Provider hereby agrees to perform the service for the term of the agreement as per the Pricing Schedule (Annexure: C)

  • AGREEMENTS AND DISCLOSURES The Agreements and Disclosures provided to You at the time You opened Your Account and referred to throughout this Agreement, contain: (a) a list of fees and charges applicable to Your Account;

  • DOCUMENTS AND DISCHARGE Buyer shall not call for the production of any title deed, abstract, survey or other evidence of title to the property except such as are in the possession or control of Seller. If requested by Buyer, Seller will deliver any sketch or survey of the property within Seller’s control to Buyer as soon as possible and prior to the Requisition Date. If a discharge of any Charge/Mortgage held by a corporation incorporated pursuant to the Trust And Loan Companies Act (Canada), Chartered Bank, Trust Company, Credit Union, Caisse Populaire or Insurance Company and which is not to be assumed by Buyer on completion, is not available in registrable form on completion, Buyer agrees to accept Seller’s lawyer’s personal undertaking to obtain, out of the closing funds, a discharge in registrable form and to register same, or cause same to be registered, on title within a reasonable period of time after completion, provided that on or before completion Seller shall provide to Buyer a mortgage statement prepared by the mortgagee setting out the balance required to obtain the discharge, and, where a real-time electronic cleared funds transfer system is not being used, a direction executed by Seller directing payment to the mortgagee of the amount required to obtain the discharge out of the balance due on completion.

  • SUSPENSION AND DISCIPLINE 29.01 When an employee is suspended or discharged from duty, the Employer undertakes to notify the employee in writing, with a copy to the Association, of the reason for such suspension or discharge. The Employer shall endeavour to give such notification at the time of suspension or discharge.

  • Uses and Disclosures Pursuant to the terms of this Agreement, Contractor may receive from the Exchange Protected Health Information and/or Personally Identifiable Information in connection with Contractor Exchange Functions that is protected under applicable Federal and State laws and regulations. Contractor shall not use or disclose such Protected Health Information or Personally Identifiable Information obtained in connection with Contractor Exchange Functions other than as is expressly permitted under the Exchange Requirements and only to the extent necessary to perform the functions called for within this Agreement.

  • Permitted Uses and Disclosures of PHI 2.1 Unless otherwise limited herein, Business Associate may:

  • Suspension and Discharge An employee who has not completed the probationary period may be released without appeal through the grievance procedure. Employees having successfully completed their probationary period shall only be disciplined or discharged for just cause. Prior to suspending or discharging an employee, provided they have completed their probationary period, such employee and the Union Xxxxxxx shall be given the reasons in writing, by the Employer, for the suspension or discharge.

  • Permitted Uses and Disclosures i. Business Associate shall use and disclose PHI only to accomplish Business Associate’s obligations under the Contract.

  • Satisfaction and Discharge This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when:

  • Suspension and Dismissal In the event an Employee alleges dismissal or suspension without just cause, the Employee may commence a grievance at Step II. The grievance shall be filed within ten (10) days of the occurrence.

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