Restrictions on Disbursements. No money under this Agreement shall be disbursed by the Contractor to any Sub-Contractor except pursuant to a written contract which incorporates the applicable requirements of this Contract and Grantor’s regulations and unless the Sub-Contractor is in compliance with Grantor’s requirements for applicable accounting and fiscal matters.
Restrictions on Disbursements. Grantee shall use the Grant Amount only for costs specifically included in the Work Program or Project Budget, or otherwise approved by MOH/OEWD in writing. Without limiting the foregoing, under no circumstances shall the Grant Amount be used for any of the following:
A. Costs that violate the terms of this Agreement or exceed the total Project Budget in Appendix A.
B. (Subsection for CDBG/ESG Grants only) Costs listed as ineligible in OMB Circular A-122.
C. Costs incurred after MOH/OEWD has requested Grantee to withhold further disbursements and/or to furnish additional data, until Grantee is thereafter advised by MOH/OEWD in writing that City has no objection to Grantee so proceeding.
D. Payments to any contractor, consultant, lessor or other third party without benefit of a written contract previously approved in writing by MOH/OEWD pursuant to Section 7.03, or not in compliance with MOH/OEWD requirements relating to consultant and fiscal matters.
E. (Subsection for CDBG/ESG Grants only) To replace non-federal contributions, loans or grants required by any agreement with any federal or federally-funded agency.
F. Costs incurred by Grantee prior to commencement of the term of this Agreement or following the expiration or earlier termination of this Agreement, regardless of the type of costs.
G. Costs relating to the acquisition, construction, reconstruction, rehabilitation, repair, maintenance or operation of religious structures used for religious purposes.
H. Political activities, as more particularly set forth in Section 18.10 below.
Restrictions on Disbursements. No money under this Contract shall be disbursed by the City to any Contractor except pursuant to a written contract which incorporates the applicable PART II, Supplementary General Conditions for Federally, State of Minnesota, and/or City Assisted Activities, and unless the Contractor is in compliance with the Federal Agency requirements with regard to accounting and fiscal matters to the extent they are applicable.
Restrictions on Disbursements. Notwithstanding anything herein to the contrary, but subject to Section 3.9(b)(i) above: (i) except with respect to disbursements to fund Shortfalls under Sections 3.2(b)(i) through 3.2(b)(iv) above (as to which the following minimum balances do not apply), Borrower shall at all times maintain a minimum balance in the Working Capital Reserve Account equal to (x) $2,000,000 from the Modification Closing Date until June 30, 2011, (y) $3,500,000 from July 1, 2011 until June 30, 2012, and (z) $5,000,000 from July 1, 2012 until the Indebtedness is paid in full, and Borrower shall have no right to request or receive disbursements (other than to fund Shortfalls under Section 3.2(b)(i) through 3.2(b)(iv) above) that would cause the balance in the Working Capital Reserve Account to drop below the foregoing applicable minimum balance (unless Lender consents to such disbursements in its sole discretion); and (ii) once a Sweep Amount is determined, such Sweep Amount may not be withdrawn from the Working Capital Reserve Account until it is applied to principal on the Sweep Date pursuant to Section 2.2(b) of the Third Omnibus Amendment (although, for purposes of clarification, other funds in the Working Capital Reserve Account in excess of the Sweep Amount may continue to be withdrawn as provided herein).
Restrictions on Disbursements. The Corporation shall use the Grant Amount only for costs specifically included in the Work Program or Project Budget, or otherwise approved by MOH in writing. Without limiting the foregoing, under no circumstances shall the Grant Amount be used for any of the following:
A. Costs listed as ineligible in OMB Circular A-122, which violate the terms of this Agreement or exceed the total Project Budget in Schedule 1.
B. Costs incurred after MOH or HUD has requested the Corporation to withhold further disbursements and/or to furnish additional data, until the Corporation is thereafter advised by MOH in writing that the City and HUD have no objection to the Corporation so proceeding.
C. Payments to any contractor, consultant, lessor or other third party without benefit of a written contract previously approved in writing by MOH pursuant to Article Four, or not in compliance with MOH requirements relating to consultant and fiscal matters.
D. To replace non-federal contributions, loans or grants required by any agreement with any federal or federally-funded agency.
E. Costs incurred by the Corporation prior to commencement of the Term of this Agreement or following the expiration or earlier termination of this Agreement, regardless of the type of costs.
