Second Grant Disbursement Sample Clauses

Second Grant Disbursement. Upon receipt of the Second Grant Disbursement Request from the Developer demonstrating that the Developer is in compliance with the Second Grant Disbursement Prerequisite Requirements, the City agrees to pay a portion of the proceeds of the Grant to the Developer in an amount equal to $100,000 within thirty (30) days of receipt of such Second Grant Disbursement Request or on July 1, 2024, whichever is later.