Common use of Stop Payment on Requests for Drawdown Clause in Contracts

Stop Payment on Requests for Drawdown. Grantor may hold all requests for Drawdown until the noncompliance issue(s) has been corrected. Grantor will notify Grantee’s Executive Director and AmeriCorps* Program Director in writing of the effective date, reason for stop payment and action that must be taken to meet compliance. Authorization to pay on Requests for Drawdown shall be reinstated upon resolution of noncompliance issue(s).

Stop Payment on Requests for Drawdown. Grantor may hold all requests for Drawdown until the noncompliance issue(s) has been corrected. Grantor will notify GranteeXxxxxxx’s Executive Director and AmeriCorps* AmeriCorps Program Director in writing of the effective date, reason for stop payment and action that must be taken to meet compliance. Authorization to pay on Requests for Drawdown shall be reinstated upon resolution of noncompliance issue(s).

Stop Payment on Requests for Drawdown. Grantor may hold all requests for Drawdown reimbursement until the noncompliance issue(s) has been corrected. Grantor will notify Grantee’s Executive Director and AmeriCorps* Program Director in writing of the effective date, reason for stop payment and action that must be taken to meet compliance. Authorization to pay on Requests requests for Drawdown reimbursement shall be reinstated upon resolution of noncompliance issue(s).

Stop Payment on Requests for Drawdown. Grantor may hold all requests for Drawdown until the noncompliance issue(s) has been corrected. Grantor will notify GranteeXxxxxxx’s Executive Director and AmeriCorps* Program Director in writing of the effective date, reason for stop payment and action that must be taken to meet compliance. Authorization to pay on Requests for Drawdown shall be reinstated upon resolution of noncompliance issue(s).