Common use of Treasury Disbursement of Initial One-Third of Allocated Funds to the Participating State Clause in Contracts

Treasury Disbursement of Initial One-Third of Allocated Funds to the Participating State. Treasury will promptly disburse the first one-third of the Allocation to the Participating State after the Participating State executes the Allocation Agreement and Treasury receives the opinion required by Annex 6 (“Opinion of Participating State Counsel”) of the Allocation Agreement.

Treasury Disbursement of Initial One-Third of Allocated Funds to the Participating State. Treasury will promptly disburse the first one-third of the Allocation to the Participating State after the Participating State executes the Allocation Agreement and Treasury receives the opinion required by Annex 6 Section 3.2 (“Opinion of Participating State Counsel”) of the Allocation Agreement.