Transfer of Grant Funds. Awarded grant funds will be transferred to the PROJECT SPONSOR according to the terms of this Agreement. Staff will not process reimbursements requests for less than $1,000 unless it is the final request.
Transfer of Grant Funds. 9.1.1. SASSA agrees to make available the funds required by the Contractor, which will be utilized for the rendering of the Services. The funds required during any given Payment Cycle will be paid to the Contractor at least 2 (two) business days prior to the Pay Day, the payment day being the 1st (first) day (or the next business day) of each month.
9.1.2. The Contractor will have nine (9) dedicated bank accounts specifically and only for Grant transfers. These accounts must be at a registered South African Bank;
9.1.3. On the 20th (twentieth) day of every month or the Business Day prior, the Contractor shall provide SASSA with an advance projection requirement for the funding of Grants for the first 5 days of the next Payment Cycle. One day after the provision of the Payment Extraction, the Contractor shall provide SASSA with a second advance funding requirement for the remainder of the days of the Payment Cycle which second advance, together with the first advance, shall equal the total payment extraction as per SOCPEN.
9.1.4. The pre-funding and staggering of payments shall be in accordance with SASSA’s Pay File.
9.1.5. Bank charges incurred on the Contractor’s bank account will be for the account of Contractor.
9.1.6. The Contractor must, as part of the reconciliation process, refund SASSA all un-Paid pre-funded Grant amounts, with actual interest earned thereon, within four (4) business days after the SOCPEN cut-off date.
9.1.7. The Contractor’s system must provide management and reconciliation information to SASSA at the end of each Payment Cycle. The Payment and reconciliation reports must list Recipients, amounts Paid, Payment dates and unpaid Grants.
Transfer of Grant Funds. The BOCC and GCE agree to take all reasonable actions necessary to affect the transfer grant funds subject to the Subaward without delay.
Transfer of Grant Funds. Upon receipt of applicable grant funds for improvements to Xxxxxxxx Park, the City shall transfer such funds to the District and the District shall be solely responsible for using such funds for making eligible improvements to the Park. Once any applicable improvements are constructed, the District will maintain such improvements at its sole expense.
