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Unobligated balance Sample Clauses

Unobligated balance. The unobligated bal- ance is the portion of the funds authorized by the Bureau which has not been obligated by the grantee and is determined by deduct- ing the cumulative obligations from the funds authorized.
Unobligated balanceThe Sub-grantee shall promptly refund to WaterAid, without offset or deduction for any reason (except with specific approval) all funds disbursed to Sub-grantee but not expended or irrevocably committed for eligible expenses at the end of the Sub-grant end date. (or, if applicable, on the effective date of a termination notice). Payment by WaterAid will be based on the satisfactory performance of activities under the Cost Reimbursable Subgrant, compliance with all reporting requirements, and will not exceed the obligated amount. Subgrantee’s invoice submissions will be reviewed by WaterAid for allowability of costs under the terms of this Subgrant. Subgrantee agrees to refund promptly to WaterAid any payments by WaterAid that are subsequently suspended or disallowed.
Unobligated balanceThe Sub-grantee shall promptly refund to WaterAid, without offset or deduction for any reason (except with specific approval) all funds disbursed to Sub-grantee but not expended or irrevocably committed for eligible expenses at the end of the Sub-grant end date. (or, if applicable, on the effective date of a termination notice). Payment by WaterAid will be based on the satisfactory performance of activities under the Cost Reimbursable Sub-grant and compliance with all reporting requirements and will not exceed the obligated amount. Sub-grantee’s invoice submissions will be reviewed by WaterAid for allowability of costs under the terms of this Sub-grant. Sub-grantee t agrees to refund promptly to WaterAid any payments by WaterAid that are subsequently suspended or disallowed. Option A: Payments will be made on the reimbursement basis. Advance payments may be made to the Sub-grantee in accordance with the procedures set forth below and current USAID guidelines as issued from time to time. This Subgrant permits advance financing in accordance with the following procedures: Sub-grantee shall be entitled to request an initial advance of up to (90) days, one quarter. All advance requests must be in writing and must be supported by a line item budget of estimated expenditures for each quarter. Subsequent advance requests shall be quarterly. Each advance must be reconciled quarterly after the expiration of the period for which the advance was given and was intended to cover. Failure to reconcile an advance will preclude the Subrecipient from receiving any additional advances until all outstanding advances have been reconciled. Advances will not be given after three months before the end of the Cost Reimbursable Sub-Grant. The subrecipient shall submit a certified Attachment 8, subrecipient Financial Report to WaterAid by the 15th of the following month for expenses under this agreement (see section I.1.a for more information on financial reporting). Funds will be transferred to the Sub-grantee using the below accounts(s): Wire Transfers to the following account(s): Bank Name: Address: Account Number: Swift Code: (ABA): All advance requests and financial reports shall be directed to the [WaterAid Finance Officer, Grants, Contracts] identified in Section P. Additional funds up to the total estimated amount shown as D. above may be obligated by WaterAid subject to the availability of funding, and satisfactory progress of the project. Funds disbursed and unexpended un...
Unobligated balance. The portion of the funds authorized by a DoD Component that has not been obligated by the recipient and is determined by deducting the cumulative obligations from the cumulative funds authorized.

Related to Unobligated balance

  • Minimum Balance Xxxxxxxx agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • Principal Balance Each Receivable had a remaining Principal Balance as of the Cutoff Date of not less than $500.

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $229,365,447.09.

  • Cash Balance Within two (2) Business Days after the end of each Fiscal Month, Borrower will deliver a certificate reporting to Agent the Cash Balance as of the last day of the Fiscal Month just ended, which certificate shall be executed and certified by a Responsible Officer of the Borrower as true and correct; (d)

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Cash Balances Uninvested cash balances in my Account will be automatically swept into the Xxxxxx Xxxxx Money Market Fund according to my previous elections and authorizations relating to the treatment of cash balances. I understand and agree that the Xxxxxx Xxxxx Money Market Fund is offered by an Xxxxxx Xxxxx affiliate and, as a result, Xxxxxx Xxxxx has a financial incentive to select the Xxxxxx Xxxxx Money Market Fund as the available cash option, instead of a third-party cash product.

  • Original Class B Principal Balance The Original Class B Principal Balance is $5,261,866.96.

  • Payment of the balance Within sixty days of completion of the tasks referred to in each order or specific contract, the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents, which are provided for in the Special Conditions: ➢ a final technical report in accordance with the instructions laid down in Annex I; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Net Receivables Balance Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.