RELEASE OF GRANT FUNDS Sample Clauses

RELEASE OF GRANT FUNDS. A. Upon the execution of the Agreement by the parties and the receipt of an OSHE approved budget from the Grantee, payment of grant funds awarded under this Agreement shall be made by OSHE to the Grantee according to the schedule below: a. Article III FY22 Summer Program Advance (100% of allocation) b. Article IV FY22 Summer Program Funding (100% of allocation) c. Article III FY23 Undergraduate Advance (75% of half of allocation) d. Article III FY23 Graduate Advance (100% of initial enrollment requests submitted) A second payment of the balance the funds awarded under portion this Agreement shall be made by OSHE to the Grantee no later than June 30, 2023, but only subsequent to the review and approval of the appropriate program roster or expenditure reports submitted to OSHE.
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RELEASE OF GRANT FUNDS. A. Upon the execution of the Agreement by the parties and the receipt of an OSHE approved budget from the Grantee, payment of grant funds awarded under this Agreement shall be made by OSHE to the Grantee according to the schedule below: a. FY23 Article III 2023 Summer Program Advance (100% of allocation) b. FY24 Article III 2023 Summer Program* (Balance of allocation) c. FY23 Article IV 2023 Summer Program Funding (100% of allocation) d. FY24 Article IV Program Support* (75% of allocation pending institutional match) e. FY24 Article III Academic Year Undergraduate Advance (75% of half of allocation. Additional payments will be made based on the appropriate program roster after the final roster processing date at the end of each term.) f. FY24 Article III Academic Year Graduate Advance (100% of initial enrollment requests submitted) * = A second payment of the balance the funds awarded under this Agreement shall be made by OSHE to the Grantee no later than June 30, 2024, but only subsequent to the review and approval of the appropriate program roster or expenditure reports submitted to OSHE.
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RELEASE OF GRANT FUNDS. Funds will be disbursed to the Grantee or, as appropriate, its fiscal agent upon receipt by the Permanent Endowment of a signed copy of these Terms and Conditions.
Sample 1
RELEASE OF GRANT FUNDS. Funds will be disbursed to the Grantee upon receipt of the properly completed Agreement and the satisfactory compliance with special conditions, if any, listed in Paragraph X. The special conditions may make the release of funds contingent on certain requirements. In such cases, you must submit adequate evidence of compliance with the conditions before the Foundation will release funds. If you have any questions about the special conditions, contact the Vice President for Grantmaking and Community Leadership.
Sample 1

Related to RELEASE OF GRANT FUNDS

  • Payment of Grant On or before the 30th day following the close of each calendar quarter that falls within the Term, Grantee shall submit an invoice to Project Monitor detailing all Project Account costs for the prior three calendar months, to the extent that the prior three calendar months fall within the Term, along with all supporting documentation and support therefor, as described in Paragraph 7 of this Grant Contract. Costs contained in untimely, unsupported, or otherwise incomplete invoices shall be deemed Unauthorized Costs, for which Sponsor shall not be liable, directly or indirectly. Grantee shall submit invoices to the Human Services Office via email on the following dates: For the period of July – September, due on or before October 31, 2024 For the period of October – December, dues on or before January 31, 2025 For the period of January – March, due on or before April 30, 2025 For the period of April – June, due on or before June 30, 2025 Xxxxxxx’s invoices submitted hereunder shall be handled as all other claims against the Sponsor. No payment shall be made for Unauthorized Costs. The Sponsor shall authorize payment for Xxxxxxx’s invoices only after Project Monitor assures the Sponsor in writing that Services rendered by Grantee prior to the date of making the claim were performed in accordance with the Grant Contract, and that all costs conform to the Project Budget. Such assurance shall include the submission of all supporting documentation and support for costs as described in Paragraph 7 of this Grant Contract.

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