Common use of Monthly Payments Clause in Contracts

Monthly Payments. The Department shall make grant payments for the following grants during the term of this Contract in eleven (11) monthly installments during each state fiscal year in the 2016-2017 biennium. The first payment to the Grantee will be 16.7 percent of the total grant amount, and each of the remaining 10 payments shall be 8.33 percent of the total, subject to 4.2., below. Prior to the commencement of fiscal year 2016, the Department shall provide written notice of any subsequent allocation amounts that may be available to the Grantee. The amounts listed in the chart below are for fiscal year 2016. The Department shall provide allocations for fiscal year 2017 no later than May 1, 2016.

Monthly Payments. The Department shall make grant Grant payments for the following grants shall be made during the term of this Contract in eleven (11) monthly installments during each state fiscal year in the 20162014-2017 2015 biennium. The first payment to the Grantee will be 16.7 percent of the total grant amount, amount and each of the remaining 10 payments shall be 8.33 percent of the total, subject to 4.2., . below. Prior to the commencement of fiscal year 20162014, the Department shall provide written notice of any subsequent allocation amounts that may be available to the Grantee. The amounts listed in the chart below are for fiscal year 20162014. The Department shall provide allocations for fiscal year 2017 2015 no later than May 1, 20162014.