Review of Drawdowns Sample Clauses

Review of Drawdowns. The recipient agrees to receive award funds through a reimbursement payment method and to provide the Council Grants Office with documentation supporting each drawdown in ASAP concurrent with making the draw. The recipient will receive reimbursement through a two-step process: a. Request reimbursement of funds through the Automated Standard Application for Payments (ASAP) system (XXXX.xxx); and b. Within 24 hours of drawing funds through ASAP, submit documentation which supports all costs incurred for Council Grants Office review through RAAMS (xxxxx://xxxxx.xxxxxxxxxxxxxx.xxx) or any successor system. At a minimum, the following documentation, as applicable, must be provided. · Summary of pre-award costs for which approval is requested, including amount in each applicable budget object class; and · Invoice – for a pre-award cost item procured by the Recipient or billed by a subrecipient or contractor; or · Other supporting documentation – for a pre-award cost item that the Recipient incurs directly (for example, time sheets to support personnel costs). Documentation must clearly designate each item of cost for which approval is requested and show a clear relationship to the approved scope of work and budget of the award. Review of the recipient’s payments will be required until the recipient demonstrates that the quality of its financial management systems and its ability to meet the management standards prescribed fulfill the requirements set forth in 2 CFR 200.205.
Sample 1
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Review of Drawdowns. The recipient agrees to receive award funds through a reimbursement payment method and to provide the Council Grants Office with documentation supporting each drawdown through the Automated Standard Application for Payments (ASAP) system (XXXX.xxx) concurrent with making the draw. The recipient will receive reimbursement through a two-step process:
Sample 1
Review of Drawdowns. The recipient agrees to receive award funds through a reimbursement payment method and to provide the Council Grants Office with documentation supporting each drawdown through the Automated Standard Application for Payments (ASAP) system (XXXX.xxx) concurrent with making the draw. The recipient will receive reimbursement through a two-step process: a. Request reimbursement of funds through ASAP; and b. Within 24 hours of drawing funds through ASAP, submit documentation that supports all costs incurred for Council Grants Office review through the Council’s electronic grants management system, GrantSolutions or any successor system. At a minimum, the following documentation, as applicable, must be provided: • Summary of costs for which approval is requested, including amount in each applicable budget object class; • Invoice – for any cost item procured by the recipient or billed by a subrecipient or contractor; • Other supporting documentation – for any cost item that the recipient incurs directly (for example, time sheets to support personnel costs); and • Summary report from ASAP documenting the drawdown. The documentation must clearly designate each item of cost for which approval is requested and show a clear relationship to the approved scope of work and budget of the award. Review of the Consortium’s payments will be required until the Consortium demonstrates that the quality of its financial management systems and its ability to meet the management standards prescribed fulfill the requirements set forth in 2 CFR 200.205. FUNDING AUTHORIZATION Amount of Financial Assistance Amount of Funding Restriction Amount of Funding Added to Award Amount Authorized for ASAP Account Notes $1,121,773.00 $0.00 $0.00 $1,121,773.00 REPORTING SCHEDULE Reporting Task Reporting Period Task Due Date Financial Report 5/17/2021 – 9/30/2021 10/30/2021 Financial Report 10/1/2021 – 3/31/2022 4/30/2022 Performance Report 5/17/2021 – 3/31/2022 4/30/2022 Financial Report 4/1/2022 – 9/30/2022 10/30/2022 Financial Report 10/1/2022 – 3/31/2023 4/30/2023 Performance Report 4/1/2022 – 3/31/2023 4/30/2023 Financial Report 4/1/2023 – 9/30/2023 10/30/2023 Financial Report (Final) 10/1/2023 – 3/31/2024 7/29/2024 Performance Report (Final) 4/1/2023 – 3/31/2024 7/29/2024 SCOPE OF WORK
Sample 1

Related to Review of Drawdowns

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  • Agent’s Review of Proposed Amendments and Supplements Prior to amending or supplementing the Registration Statement (including any registration statement filed under Rule 462(b) under the Securities Act) or the Prospectus (excluding any amendment or supplement through incorporation of any report filed under the Exchange Act), the Company shall furnish to the Agent for review, a reasonable amount of time prior to the proposed time of filing or use thereof, a copy of each such proposed amendment or supplement, and the Company shall not file or use any such proposed amendment or supplement without the Agent’s prior consent, and to file with the Commission within the applicable period specified in Rule 424(b) under the Securities Act any prospectus required to be filed pursuant to such Rule.

  • ADB’s Review of Procurement Decisions 11. All contracts procured under international competitive bidding procedures and contracts for consulting services shall be subject to prior review by ADB, unless otherwise agreed between the Borrower and ADB and set forth in the Procurement Plan.

  • Completion of Review for Certain Review Receivables Following the delivery of the list of the Review Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Review Receivable is paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Basic Documents. On receipt of such notice, the Asset Representations Reviewer will immediately terminate all Tests of the related Review Receivable, and the Review of such Review Receivables will be considered complete (a “Test Complete”). In this case, the related Review Report will indicate a Test Complete for such Review Receivable and the related reason.

  • Periodic Review of Costs of Environmental Compliance In the ordinary course of its business, the Company conducts a periodic review of the effect of Environmental Laws on the business, operations and properties of the Company and its subsidiaries, in the course of which it identifies and evaluates associated costs and liabilities (including, without limitation, any capital or operating expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third parties). On the basis of such review and the amount of its established reserves, the Company has reasonably concluded that such associated costs and liabilities would not, individually or in the aggregate, result in a Material Adverse Change.

  • Construction Budget The total amount of funds indicated by the District for the entire Project plus all other costs, including design, construction, administration, and financing.

  • Review Process Limitations The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger Event has occurred or whether the required percentage of Noteholders has voted to direct an Asset Representations Review under the Indenture, (ii) to determine which Receivables are subject to an Asset Representations Review, (iii) to obtain or confirm the validity of the Review Materials, (iv) to obtain missing or insufficient Review Materials except as specifically described herein, (v) to take any action or cause any other party to take any action under any of the Transaction Documents to enforce any remedies for breaches of representations or warranties about the Eligible Representations, (vi) to determine the reason for the delinquency of any Review Receivable, the creditworthiness of any Obligor, the overall quality of any Review Receivable or the compliance by the Servicer with its covenants with respect to the servicing of such Review Receivable, or (vii) to establish cause, materiality or recourse for any failed Test as described in Section 3.03.

  • Construction Phase Part 1 –

  • Construction Phase Fee Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement. References in the UGSC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee. The Construction Phase Fee includes, but is not limited to, the following items: 9.1 All profit, profit expectations and costs associated with profit sharing plans such as personnel bonuses, incentives, and rewards; company stock options; or any other like expenses of Contractor.

  • Completion of Review for Certain Subject Receivables Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or the Servicer in accordance with the Transaction Documents. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

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