Reimbursement of Funding Sample Clauses

Reimbursement of Funding. 1. If the Agreement is terminated in the manners specified in § 11 item 3, the Unit, on request of the Foundation, shall reimburse the total amount of funding received pursuant to the Agreement, within 14 days from the receipt of notification, together with interest at the rate applied to tax arrears, charged for the period from the date of transferring the funds to the Unit to the date of reimbursement to the bank account specified by the Foundation. The equivalent of the funding transferred pursuant to agreements specified in §3 item 14 shall be transferred by the Unit to the Foundation on the conditions specified in the previous sentence, provided that interest shall be charged from the date of payment of the stipend to individual young scientists. 2. If the Agreement is terminated in the manners specified in § 11 item 1, the Unit, on request of the Foundation, shall reimburse the total amount of funding received pursuant to the Agreement, within 14 days from the receipt of notification, together with interest at the rate applied to tax arrears, charged for the period from the date of transferring the funds to the Unit to the date of reimbursement to the bank account specified by the Foundation, pursuant to the principle specified in item 1, sentence 2 of this paragraph. In particularly justified cases, on a written request of the Project Manager and the Unit, the Foundation may waive the demand to reimburse settled funds and/or waive the demand to pay interest, considering, in particular, the manner of executing the provisions of the Agreement by the Project Manager and the Unit. 3. The Unit is obliged to reimburse the funds if inspection authorities find any violations of the terms and conditions of Project realisation, of national or EU legislation, in particular in the following cases: a. if it is found that the funding granted was used in a manner non-compliant with the subject of the Agreement, b. if undue funding was received, c. if the received amount of funding was excessive, d. if provisions concerning the durability of the Project have been violated, e. if the funding has been used in a manner non-compliant with the procedures specified in Article 184 of the Act on Public Finance. 4. In the case specified in item 3 hereinabove, the Unit shall reimburse the amount specified in the decision together with interest at the rate applied to tax arrears, charged for the period from the date of transferring the funds to the Unit to the date of reimbur...
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Reimbursement of Funding. Notwithstanding anything herein to the contrary, upon the occurrence of a breach, the Corporation may upon written notice to the Recipient, require the Recipient to repay to the Corporation all funding paid pursuant to this Agreement. Upon such notification, such funding shall become immediately due and payable.
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Reimbursement of Funding. 12.1 Upon completion or earlier termination of the Project, all Grant funds received by the Xxxxx Xxxxxx but not legitimately expended (or otherwise irrevocably committed) before that date in accordance with Section 4 shall be promptly remitted back to MACULAR SOCIETY, unless an application to utilise these funds to support other activities has been approved in writing by the MACULAR SOCIETY. 12.2 Where the Xxxxx Xxxxxx wishes to obtain the approval to use any part of the Grant other than to support the Project in accordance with Section 4 above, the Xxxxx Xxxxxx shall submit an application to the MACULAR SOCIETY seeking approval (at the MACULAR SOCIETY’s discretion) of the same. Any such applications shall include a narrative justification and a budget.
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Reimbursement of Funding. DISTRICT shall reimburse Funds to COUNTY if any of the following events occur (“Reimbursement Event”): A. DISTRICT fails to complete the Project with two (2) years of the Effective Date, unless COUNTY grants an extension approved in writing; or B. The Agreement is terminated by either party; or C. The DISTRICT breaches the Agreement. The amount due to the COUNTY shall be a percentage of the total Funds provided to the DISTRICT by the COUNTY for the Project, based upon the term elapsed, as reflected in the schedule below. For example, if the Effective Date were March 1, 2023, and the Agreement were terminated in February 2025, the DISTRICT would be obligated to reimburse 90% of the total funding provided by the COUNTY. 2-4 Years 80 4-6 Years 70 6-8 Years 60 8-10 Years 50 10-12 Years 40 14-16 Years 20 20+ Years 0 Any reimbursement due under this provision shall be due to COUNTY within forty-five (45) days of the Reimbursement Event.
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Related to Reimbursement of Funding

  • Duplication of Funding A. If Grantee receives any funding that is duplicative of funding received under this Grant Agreement/Contract that cannot be used for new or expanded eligible grant activities, Grantee will notify the assigned contract manager as soon as possible. System Agency may issue an amendment modifying budget and/or project activities to eliminate duplication. Additionally, Grantee understands that duplicative funding that cannot be re-programmed to support new or expanded grant-funded activities within the program’s scope may be de- obligated from this Grant Agreement/Contract and returned to System Agency.

  • Reduction of Funding State must, by law, terminate this Contract if funds are not appropriated or otherwise made available to support State’s continuation of performance of this Contract in a subsequent fiscal period. (§ 18-4-313(4), MCA). If state or federal government funds are not appropriated or otherwise made available through the state budgeting process to support continued performance of this Contract (whether at an initial contract payment level or any contract increases to that initial level) in subsequent fiscal periods, State shall terminate this Contract as required by law. State shall provide Contractor the date State’s termination shall take effect. State shall not be liable to Contractor for any payment that would have been payable had the Contract not been terminated under this provision. As stated above, State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date State’s termination takes effect. This is Contractor’s sole remedy. State shall not be liable to Contractor for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

  • Disbursement of Funds (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender made available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Original Closing Date, such funds were made available at such earlier time as may be agreed among the Lenders, the Borrower and the Administrative Agent for the purpose of consummating the Transactions; provided further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time) on the date requested. (b) Each Lender shall make available all amounts it is to fund to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of Mandatory Borrowings and Borrowings to repay Unpaid Drawings) make available to the Borrower, by depositing to an account designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available in the applicable currency. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in the applicable currency. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. (c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to, fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder).

  • Availability of Funding This Agreement and all claims, suits, or obligations arising under or related to this Agreement are subject to and limited by the receipt and availability of funds which are received from the Participating Entities by NCTCOG dedicated for the purposes of this Agreement.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Limitation on Payment of Funding Despite section 4.1, the Funder: (a) will not provide any funds to the HSP until this Agreement is fully executed; (b) may pro-rate the funds identified in Schedule A to the date on which this Agreement is signed, if that date is after April 1; (c) will not provide any funds to the HSP until the HSP meets the insurance requirements described in section 10.4; (d) will not be required to continue to provide funds in the event the HSP breaches any of its obligations under this Agreement, until the breach is remedied to the Funder’s satisfaction; and (e) upon Notice to the HSP, may adjust the amount of funds it provides to the HSP in any Funding Year based upon the Funder’s assessment of the information contained in the Reports.

  • Loss of Funding Performance by University under this Agreement may be dependent upon the appropriation and allotment of funds by the Texas State Legislature (Legislature) and/or allocation of funds by the Board of Regents of The University of Texas System (Board). If Legislature fails to appropriate or allot necessary funds, or Board fails to allocate necessary funds, then University will issue written notice to Contractor and University may terminate this Agreement without further duty or obligation. Contractor acknowledges that appropriation, allotment, and allocation of funds are beyond University’s control.

  • Advancement of Funds In the case of each Mortgage Loan, neither the Mortgage Loan Seller nor, to the Mortgage Loan Seller's knowledge, any prior holder of such Mortgage Loan has advanced funds or induced, solicited or knowingly received any advance of funds from a party other than the owner of the related Mortgaged Property (other than amounts paid by the tenant as specifically provided under a related lease), for the payment of any amount required by such Mortgage Loan, except for interest accruing from the date of origination of such Mortgage Loan or the date of disbursement of the Mortgage Loan proceeds, whichever is later, to the date which preceded by 30 days the first due date under the related Mortgage Note.

  • Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.

  • Source of Funding DCF shall provide funding information needed for audit purposes, including the name of the program, the Federal agency where the program originated, the CFDA number, and the percentages of Federal, State, and local funds constituting this Contract.

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