Requests for Funds Clause Samples
The "Requests for Funds" clause outlines the procedures and requirements for a party to formally request payment or reimbursement under an agreement. Typically, this clause specifies the documentation needed, such as invoices or progress reports, and may set timelines for submission and approval of fund requests. Its core function is to ensure a clear, standardized process for disbursing funds, reducing misunderstandings and disputes over payment timing and eligibility.
Requests for Funds. Recipients shall submit requests for funds in the manner and on forms prescribed by the authority. Individual requests for funds shall be made in an amount equal to or greater than $500 per request, except for the final draw of funds.
Requests for Funds. Property Manager may provide a written request to Operating Partnership with respect to funding the Trust Operating Accounts for the ensuing month to the extent reasonably required. Property Manager’s request shall describe and document any request for funds in excess of those anticipated in the Approved Budget.
Requests for Funds. The Committee shall not request disbursements from the assets of the Fund unless the disbursement is pursuant to the provisions of the Plan.
Requests for Funds. Subrecipient shall request grant funds in such form and manner as is satisfactory to or required by Agency. Further, in accordance with U.S. Department of Treasury Regulations, 31 CFR Part 205, implementing the Cash Management Improvement Act, Subrecipient shall limit any request for funds to the minimum amount needed to accomplish its described purposes and to time the request in accordance with the actual, immediate requirements in carrying out Grant programs to be funded through the Request for Funds. Submission of proper account records showing revenue and expenditures for the reporting period must be submitted as documentation to support the amounts being requested. The foregoing requirements apply to all Grant funds requested under this Agreement.
Requests for Funds. Manager may provide a request to Parent with respect to funding the Trust Operating Account for the ensuing month to the extent reasonably required, based upon the Gross Collections for the preceding month and anticipated expenses.
Requests for Funds. Grantee shall request Grant funds in such form and manner as is satisfactory to or required by Agency. Grant funds shall be requested as follows:
1. Initial Grant funding request: • Must be requested within ninety (90) days of fully executed Agreement. • All funds requested must be invoiced using the DPA Invoice Template (Exhibit F). • Maximum 50% of Grant Award, per funding source and up to 25% of total expected administrative fee can be requested per funding source. • Invoice must be signed by two persons, one signature from Authorized Signer.
2. Remaining Grant fund requests: • Funds requested must be invoiced using the DPA Invoice Template (Exhibit F). • Upon the expenditure or allocation/reservation of 90% of initial funds request (first 50% of Program Delivery Funds), based on business need. • All Quarterly Reports submitted, and satisfactory, additional documentation of allocated/reserved funds may be required prior to disbursement. • Grantee must disburse CRO DPA funds to homebuyer transaction and transaction must close no later than June 30, 2023. Grantee shall expend all Grant funds to Homebuyers during the Performance Period. Grantee may retain up to a maximum of 10% of Grant funding from the HOAP DPA, HOAP-Veteran DPA, CRO DPA funding for an administrative fee. A portion of the administrative fee can be paid at the time of the initial funding request, and a second payment may be made at expected Performance Milestone and at the conclusion of the Performance Period, based on the total funds expended to Homebuyers. CRO DPA remaining administrative fee will be paid upon Agency review of complete June 30, 2023, Quarterly Report and determination of total amount of CRO DPA funds expended to homebuyer, less previous amounts paid. Grantee may not charge an administrative fee with respect to CET Funds. All CET funds awarded to Grantee must be expended to Homebuyers. HOAP-Veteran DPA funds will be retained by Agency until Grantee request upon Homebuyer completing program. Grantee shall request funds from Agency at time of homebuyer fully executed Purchase and Sales Agreement for participants in Build Your Future Veteran Program. 100% of the Grant funds must be used for the Work and additional 10% amount may cover administrative expenses if included in the original approved Application and as noted previously in this Section 7. Any interest earned by Grantee while the Grant is being held by Grantee prior to disbursement to a Homebuyer may be used by Gran...
Requests for Funds a. Subrecipient shall request grant funds in such form and manner as is satisfactory to or required by the County. Further, in accordance with U.S. Department of Treasury Regulations, 31 CFR Part 205, Subrecipient shall limit any request for funds to the amount needed and timely in order to accomplish the Work. Submission of proper account records showing expenditures for the reporting period must be submitted as documentation to support the amounts being requested. The foregoing requirements apply to all Grant funds requested under this Agreement.
▇. ▇▇▇▇▇ distributions will be made by the County:
Requests for Funds. The Partnership Agreement concluded between KAS and Partner specifies the amounts to be remitted to Partner on an annual basis. Funds will be released by KAS in instalments, depending on Partner's reports on cash in hand and funds required. Partner shall present a report on funds required for measures scheduled under the Project to KAS's authorised employee • for the second quarter together with the January accounts, • for the third quarter together with the March accounts, • for the fourth quarter together with the June accounts, and • for the First quarter of the subsequent year together with the October accounts.
Requests for Funds. Recipient and Contractor agree that the may not request Funds until they are needed to pay eligible costs, the amount request must be limited to the amount so needed, and program income shall be used first (if, by separate agreement, DCA and Recipient have agreed t hat Recipient may use program income).
Requests for Funds. Upon any and all requests by the President or the Board of Directors of the Company, the Investor will advance to the Company additional funds up to an aggregate of $3,500,000, including funds previously advanced, to be applied to the purchase of Shares at the Share Price ("Requests for Funds"). If the Investor fails to comply with any Request for Funds within fourteen (14) days of such Request for Funds, (a) the Board of Directors may elect not to sell the Investor any additional Shares, and may issue all remaining Shares to raise capital from other sources, (b) Investor shall be entitled to select only one member to the Board of Directors. The Shares shall have the rights and preferences set forth in the Statement of Terms attached hereto as Exhibit B to this Agreement (the "Statement of Terms"), which is incorporated herein by reference.