Common use of Mechanics and payment of Funding Clause in Contracts

Mechanics and payment of Funding. 5.1.1 A Claim will not be regarded as having been validly made by the Local Authority unless: (a) it is submitted on a Claim Form which must be signed by the Local Authority Senior Officer and it is: i received by Homes England no later than twenty (20) Business Days prior to the proposed date the Funding will be made available to the Local Authority; ii delivered during the Availability Period; and (b) it relates to Project Costs relating to the Project and for which the Local Authority has not submitted any other Claim or received any other funding and it is accompanied by written evidence satisfactory to Homes England that the Project Costs have been incurred together with confirmation from the Local Authority Senior Officer that it has verified and approved the Claim; (c) it accords with the Project Costs and each Milestone is met by the relevant Milestone Date or is accompanied by evidence satisfactory to Homes England (in its absolute discretion) to justify any deviation; and (d) it is for an amount which (if paid) would not cause the Total Commitment to be exceeded. 5.1.2 Subject to the terms of this Agreement, Homes England will pay Funding to the Local Authority within twelve (12) Business Days of receipt of a valid Claim. 5.1.3 Any amount not drawn by the Local Authority under this Agreement during the Availability Period will be automatically cancelled.

Mechanics and payment of Funding. 5.1.1 A Claim will not be regarded as having been validly made by the Local Authority unless:unless:‌ (a) it is submitted on a Claim Form which must be signed by the Local Authority Senior Officer and it is: i received by Homes England no later than twenty (20) Business Days prior to the proposed date the Funding will be made available to the Local Authority; ii delivered during the Availability Period; and (b) it relates to Project Development Costs relating to the Project and for which the Local Authority has not submitted any other Claim or received any other funding and it is accompanied by written evidence satisfactory to Homes England that the Project Development Costs have been incurred together with confirmation from the Local Authority Senior Officer that it has verified and approved the Claim; (c) it accords with the Project Development Costs and each Milestone is met by the relevant Milestone Date or is accompanied by evidence satisfactory to Homes England (in its absolute discretion) to justify any deviation; and (d) it is for an amount which (if paid) would not cause the Total Commitment to be exceeded. 5.1.2 Subject to the terms of this Agreement, Homes England will pay Funding to the Local Authority within twelve (12) Business Days of receipt of a valid Claim.Claim.‌ 5.1.3 Any amount not drawn by the Local Authority under this Agreement during the Availability Period will be automatically cancelled. 5.1.4 The Local Authority may not make more than one Claim per calendar month.‌ 5.1.5 Homes England may in its sole and absolute discretion pay the Local Authority Funding for Development costs incurred by the Local Authority after 1 May 2018 but before the Start Date.

Mechanics and payment of Funding. 5.1.1 A Claim will not be regarded as having been validly made by the Local Authority unless:unless:‌ (a) it is submitted on a Claim Form which must be signed by the Local Authority Senior Officer and it is: i received by Homes England no later than twenty (20) Business Days prior to the proposed date the Funding will be made available to the Local Authority; Authority;‌ ii delivered during the Availability Period; and (b) it relates to Project Costs relating to the Project and for which the Local Authority has not submitted any other Claim or received any other funding and it is accompanied by written evidence satisfactory to Homes England that the Project Costs have been incurred together with confirmation from the Local Authority Senior Officer that it has verified and approved the Claim; (c) it accords with the Project Costs and each Milestone is met by the relevant Milestone Date or is accompanied by evidence satisfactory to Homes England (in its absolute discretion) to justify any deviation; and (d) it is for an amount which (if paid) would not cause the Total Commitment to be exceeded. 5.1.2 Subject to the terms of this Agreement, Homes England will pay Funding to the Local Authority within twelve (12) Business Days of receipt of a valid Claim. 5.1.3 Any amount not drawn by the Local Authority under this Agreement during the Availability Period will be automatically cancelledcancelled.‌ 5.1.4 The Local Authority may not make more than one Claim per calendar month.

Mechanics and payment of Funding. 5.1.1 A Claim will not be regarded as having been validly made by the Local Authority unless: (a) it is submitted on a Claim Form which must be signed by the Local Authority Senior Officer and it is: i received by Homes England no later than twenty (20) Business Days prior to the proposed date the Funding will be made available to the Local Authority; ii delivered during the Availability Period; and (b) it relates to Project Costs relating to the Project and for which the Local Authority has not submitted any other Claim or received any other funding and it is accompanied by written evidence satisfactory to Homes England that the Project Costs have been incurred together with confirmation from the Local Authority Senior Officer that it has verified and approved the Claim; (c) it accords with the Project Costs and each Milestone is met by the relevant Milestone Date or is accompanied by evidence satisfactory to Homes England (in its absolute discretion) to justify any deviation; and (d) it is for an amount which (if paid) would not cause the Total Commitment to be exceeded. 5.1.2 Subject to the terms of this Agreement, Homes England will pay Funding to the Local Authority within twelve (12) Business Days of receipt of a valid Claim. 5.1.3 Any amount not drawn by the Local Authority under this Agreement during the Availability Period will be automatically cancelled. 5.1.4 The Local Authority may not make more than one Claim per calendar month.