Withholding of Disbursements. Notwithstanding any other provision of this Agreement, the State Water Board may withhold all or any portion of the Project Funds upon the occurrence of any of the following events:
Withholding of Disbursements. (a) The State Water Board may withhold all or any portion of the funds provided for by this Agreement in the event that:
Withholding of Disbursements. 13 B.1.9 Fraud and Misuse of Public Funds. 14 B.2 RECIPIENT’S PAYMENT OBLIGATION. 14 B.2.1 Project Costs. 14 B.2.2 Estimated Principal Payment Due. 14 B.3 NO LIENS. 14 EXHIBIT C – GENERAL & PROGRAMMATIC TERMS & CONDITIONS 16 C.1 REPRESENTATIONS & WARRANTIES. 16 C.1.1 Application and General Recipient Commitments. 16
Withholding of Disbursements. Notwithstanding any other provision of this Agreement, the State Water Board may withhold all or any portion of the Project Funds upon the occurrence of any of the following events: The Recipient’s failure to maintain reasonable progress on the Project as determined by the Division; Commencement of litigation or a judicial or administrative proceeding related to the Project, that the State Water Board determines may impair the timely satisfaction of Recipient’s obligations under this Agreement; Any investigation by the District Attorney, California State Auditor, Bureau of State Audits, United States Environmental Protection Agency’s Office of Inspector General, the Internal Revenue Service, Securities and Exchange Commission, a grand jury, or any other state or federal agency, relating to the Recipient’s financial management, accounting procedures, or internal fiscal controls; A material adverse change in the condition of the Recipient that the Division reasonably determines would materially impair the Recipient’s ability to satisfy its obligations under this Agreement, or any other event that the Division reasonably determines would materially impair the Recipient’s ability to satisfy its obligations under this Agreement, The Recipient’s material violation of, or threat to materially violate, any term of this Agreement; Evidence of fraud, forgery, embezzlement, theft, or any other misuse of public funds by the Recipient or its employees, or by its contractors or agents regarding the Project; An event requiring Notice as set forth in Exhibit C; An Event of Default or an event that the Division determines may become an Event of Default.
Withholding of Disbursements. Section 3.1. The SWRCB may withhold all or any portion of the funds provided for by this Agreement in the event that:
Withholding of Disbursements. After the occurrence and during the continuance of an Event of Default, Bondowner Representative’s obligation to lend or disburse funds under the Loan Documents will automatically terminate, and Bondowner Representative in its sole discretion may withhold any one or more Disbursements. Bondowner Representative may also withhold any one or more Disbursements after the occurrence and during the continuance of a Default unless and until Borrower cures such Default prior to the occurrence of an Event of Default. No Disbursement by Bondowner Representative will constitute a waiver of any Default unless Bondowner Representative agrees otherwise in writing in each instance.
Withholding of Disbursements. The State Water Board through ABAG may withhold all or any portion of the funds provided for by this Agreement in the event that:
Withholding of Disbursements. (a) Notwithstanding any other provision of this Agreement, the Recipient agrees that the State Water Board may retain an amount equal to ten percent (10%) of the financial assistance specified in this Agreement until completion of the Project to the reasonable satisfaction of the State Water Board. Any retained amounts due to the Recipient will be promptly disbursed to the Recipient, without interest, upon Project Completion.
