Common use of Retained Funds Clause in Contracts

Retained Funds. The TCEQ may retain up to 25% of the total reimbursement funds pending the successful completion of the Implementation Period of the Grant Activities. Release of these funds may be requested in the final Request for Reimbursement. The TCEQ may, at its discretion, release the final reimbursement funds prior to the completion of the Implementation Period, subject to a determination that the project will be completed.

Retained Funds. The TCEQ may retain up to 2510% of the total reimbursement funds pending the successful completion of the Implementation Period of the Grant Activities. Release The total of these funds may Retained Funds withheld will be requested in released based upon the submission of the Request for Reimbursement of Retained Funds form that will be provided to the Grantee for their signature once the final Request for Reimbursementimplementation report has been submitted and approved. The TCEQ may, at its discretion, release the final reimbursement funds prior to the completion of the Implementation Period, subject to a determination that the project will be completed.

Retained Funds. The TCEQ may retain up to 25% of the total reimbursement funds pending the successful completion of the Implementation Period implementation phase of the Grant Activities. Release of these funds may be requested in the final Request for Reimbursement. The TCEQ may, at its discretion, release the final reimbursement funds prior to the completion of the Implementation Periodimplementation phase, subject to a determination that the project will be completed.. DRAFT

Retained Funds. The TCEQ may retain up to 2510% of the total amount of any reimbursement funds requests pending the successful completion of the Implementation Period of the Grant Activities. Release The total of these retained funds may withheld will be requested in released based upon the submission of the Request for Retained Funds form that will be provided to the Grantee for their signature once the final Request for Reimbursement. The TCEQ may, at its discretion, release the final reimbursement funds prior to the completion of the Implementation Period, subject to a determination that the project will be completedimplementation report has been submitted and approved.

Retained Funds. The TCEQ may retain up to 25% of the total reimbursement funds pending the successful completion of the Implementation Period of the Grant Activities. Release The total of these funds may Retained Funds withheld will be requested in released based upon the submission of the “Request for Reimbursement of Retained Funds” form that will be provided to the Grantee for their signature once the final Request for Reimbursementimplementation report has been submitted and approved. The TCEQ may, at its discretion, release the final reimbursement funds prior to the completion of the Implementation Period, subject to a determination that the project will be completed.