Liability of Funds Sample Clauses

Liability of Funds. The property of any one Fund is the property of only that Fund, and in no event shall any Fund be liable for the obligations of any other Fund.
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Liability of Funds. See Appendix C for percentage share of liability funds in the event of misuse or misappropriation. The XXXx retain responsibility for appropriate use and distribution of any and all funds allocated to the area through WIOA and shall be liable for any misuse of the funds in proportion to their representation. The current census population of the NMTWDA will be used for distribution of misuse of funds prorated based on those population estimates by county.
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Liability of Funds. Cochise, Xxxxxx and Xxxxxxxx Counties, through their Boards of Supervisors, respectively approve the designation of Cochise County as Grant Recipient for the Consortium, with liability for said funds as noted in WIOA 107(d) (12) (B) (I) (l)) as required under 20 CFR Part 667.705, the Cochise County Board of Supervisors as Chief Elected Officials are liable in their official capacity and are not personally liable for misuse of WIOA funds. .
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Liability of Funds. The CEO is liable for any misuse of all local funds for his/her tribe. Each CEO has financial liability for his/her tribe’s allocation.
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Liability of Funds. Notwithstanding any other provision of this Agreement to the contrary, the parties agree that the assets and liability of each series or Fund of the Trust are separate and distinct from the assets and liabilities of each series or Fund of the Trust and that no series or Fund of the Trust shall be liable or shall be charged for any debt, obligations or liability of any other series or Fund of the Trust, whether arising under this Agreement or otherwise.
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Liability of Funds. The local Jurisdictions of each XXX shall always remain liable for misuse of funds. In the event of a determination that a misuse of funds has occurred, the following priorities for recouping those funds shall apply:
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Liability of Funds. Cochise County has been designated by Cochise, Xxxxxx and Xxxxxxxx Counties Boards of Supervisors to serve as Chief elected Officials and Fiscal Agent for ARIZONA@WORK- Southeastern Arizona, based on the allocation and population. This agreement provides Cochise County the authority to administer WIOA funds and assign resources to meet the needs of each County. Therefore, Cochise County, as CEO fiscal agent shall be liable for any disallowed or misused or WIOA funds. Chief Elected Officials in Cochise county are liable in their official capacity and are not personally liable for any misuse of WIOA funds.
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Related to Liability of Funds

  • Availability of Funds Unless Administrative Agent shall have been notified by any Lender prior to the applicable Credit Date that such Lender does not intend to make available to Administrative Agent the amount of such Lender’s Loan requested on such Credit Date, Administrative Agent may assume that such Lender has made such amount available to Administrative Agent on such Credit Date and Administrative Agent may, in its sole discretion, but shall not be obligated to, make available to Borrower a corresponding amount on such Credit Date. If such corresponding amount is not in fact made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Credit Date until the date such amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate. If such Lender does not pay such corresponding amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Borrower and Borrower shall immediately pay such corresponding amount to Administrative Agent together with interest thereon, for each day from such Credit Date until the date such amount is paid to Administrative Agent, at the rate payable hereunder for Base Rate Loans for such Class of Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender from its obligation to fulfill its Term Loan Commitments and Revolving Commitments hereunder or to prejudice any rights that Borrower may have against any Lender as a result of any default by such Lender hereunder.

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