Stimulus Funds Sample Clauses
The Stimulus Funds clause defines the terms and conditions under which funds provided as part of a government stimulus program are managed and utilized within the agreement. Typically, this clause outlines the specific purposes for which the stimulus funds may be used, such as supporting payroll, covering operational expenses, or funding particular projects, and may require detailed reporting or compliance with government regulations. Its core practical function is to ensure that stimulus funds are used appropriately and transparently, thereby reducing the risk of misuse and ensuring compliance with applicable laws and funding requirements.
Stimulus Funds. Schedule 2.8(g) sets forth all CARES Act stimulus fund programs in which the Company or any Subsidiary is participating and the amount of funds received and/or requested by the Company or any Subsidiary for each such program (together with any additional CARES Act stimulus funds hereafter received by the Company or any Subsidiary, the “Stimulus Funds”). The Company has maintained accounting records associated with the Stimulus Funds in material compliance with applicable Legal Requirements and related guidance available as of the date hereof.
Stimulus Funds. After the Closing Date, Transferor shall timely file any and all reports with respect to any Stimulus Funds received by Transferor prior to the Closing Date. To the extent that any Governmental Authority determines that any Stimulus Funds received by Transferor are required to be repaid, Transferor shall timely repay any and all such Stimulus Funds.
Stimulus Funds. (a) Schedule 3.25(a) sets forth all CARES Act stimulus fund programs or other programs related to the COVID-19 pandemic in which each Seller is participating and the amount of funds received and/or requested by each Seller for each such program as of the date hereof (the “CARES Funds”). Each Seller has maintained accounting records associated with the CARES Funds in compliance with all of the material terms and conditions of such programs, including all material aspects of the Relief Fund Payment Terms and Conditions and related guidance available as of the date hereof. The Seller has utilized all such CARES Funds pursuant to the Public Health and Social Services Emergency Fund in accordance with all applicable Laws and the applicable Relief Fund Payment Terms and Conditions, in all material respects. Further, any such CARES Funds that have not been so used are maintained in the bank account(s) of each Seller, as applicable, and have not been distributed to or any other Person, or otherwise utilized or expended in violation of applicable law. Each Seller has not requested any advance payments from Medicare pursuant to the applicable CARES Act stimulus fund program.
Stimulus Funds. LPA and Instream will explore ways to work together to secure and apply for Federal Stimulus Funds or other grants for projects and infrastructure related to renewable energy and associated development in the City.
Stimulus Funds. 40 6.17.... Notice of Breach. 40 6.18.... Post-Closing Insurance. 40 6.19.... PCA.. 41 Article VII CONDITIONS PRECEDENT TO THE OBLIGATIONS OF PARTIES. 41 7.1...... Conditions to Obligations of Transferee. 41 7.2...... Conditions to Obligations of Transferor 42 7.3...... Interim Arrangements. 43 Article VIII DELAYED CLOSING.. 44 8.1...... Delayed Closing. 44 Article IX TERMINATION.. 44
Stimulus Funds. During the Pre-Closing Period, the Company will not, and will not permit any of its Subsidiaries to, (i) participate in, or receive any amounts pursuant to, any CARES Act stimulus fund programs, including, without limitation, the Public Health and Social Services Emergency Fund, (ii) apply for or receive any PPP loans.
Stimulus Funds. (i) Schedule 3(bb)(i) sets forth all CARES Act stimulus funding programs or other programs related to the COVID-19 pandemic in which any member of the Company Group is participating and the amount of funds received and/or requested by any member of the Company Group for each such program (the “CARES Funds”). The relevant member of the Company Group has maintained accounting records associated with the CARES Funds in material compliance with all of the terms and conditions of such programs and contemporaneously available related guidance. The relevant member of the Company Group has utilized all such CARES Funds received by them in accordance with all applicable Laws and contemporaneously available related guidance.
(ii) Except as set forth in Schedule 3(bb)(ii), no member of the Company Group applied for or received any loan, exclusion, forgiveness or other item pursuant to any COVID-19 program, including any “Paycheck Protection Program” loan, “Economic Stabilization Fund” loan or other United States Small Business Administration loan (together with the CARES Funds, the “Stimulus Funds”). True, accurate and complete copies of all PPP loan applications of the Company Group have been provided to Parent. Each member of the Company Group that applied for a PPP loan was eligible for such PPP loan and complied with all terms and conditions relating to the PPP loan, including spending such funds as necessary to obtain forgiveness of the PPP loan. The PPP loan was forgiven in full by the SBA prior to the Closing Date. The relevant member of the Company Group was entitled to forgiveness with respect to the PPP loan in accordance with applicable Law, and such member’s application for the forgiveness of the PPP loan was true, accurate and complete.
(iii) Except as expressly disclosed pursuant to this Section 3(bb), no member of the Company Group has applied for or received any Stimulus Funds or other funds, benefits, deferrals or any other kind of remuneration in connection with the COVID-19 pandemic or any issues relating thereto.
Stimulus Funds. Schedule 4.9 attached hereto contains a true, complete and correct list of (a) the type and the amount of all Stimulus Funds received by Seller, and (b) the current amount of such Stimulus Funds that have not yet been expended by such Parties as of the Execution Date. As used herein, “Stimulus Funds” means any grant payments, stimulus payments, retroactive rate adjustments, credits and any and all other payments and support paid with respect to a Business in relation to COVID-19 relief efforts, as well as other funds related to the Coronavirus Aid, Relief and Economic Security Act, Paycheck Protection Program, CMS Accelerated and Advance Payments (“AAP”) or any other state or federal stimulus funding related to the COVID-19 pandemic, but expressly limited to such amounts that relate to the period prior to the Effective Time.
Stimulus Funds. Neither the Company nor any of its Subsidiaries have participated in any CARES Act stimulus fund programs.
Stimulus Funds. City and DayStar Farms will explore ways to work together to secure and apply Federal Stimulus Funds or other grants for projects and infrastructure related to renewable energy and associated development in the City and the Antelope Valley.