Xxxxx of Funds Sample Clauses

Xxxxx of Funds. 1) County, State, and/or Federal funds shall be limited to and shall not exceed the respective amounts shown on the Service Summary(ies). 2) Control of funds shall be for each Service Element identified on the Service Summary(ies) within this Agreement and in the amounts shown in the Service Summary(ies). With Director’s prior written approval (which shall not be unreasonably withheld), Provider may shift funds, on a dollar for dollar basis, from one service element to another Service Element identified on the Service Summary(ies) within this Agreement and within the applicable Fiscal Year. 3) Provider shall make a written request in the applicable Fiscal Year for Director’s approval of a shift of funds between respective Service Elements identified in the Service Summary(ies). Director shall approve or deny in writing a request to shift funds after a program review within ten days of the receipt of Provider’s written request. As described in Paragraph 32 (ALTERATION OF TERMS), a formal amendment shall be executed to reflect any Service Element shifts approved by the Director. 4) During the Final Settlement Process, Upon a minimum of fifteen days prior written notice to Provider, County may shift funds between respective Service Elements identified in the Service Summary(ies) at the Director’s good faith reasonable discretion, without requiring an Amendment to the Agreement. 5) Under no circumstances can the total Maximum Contract Amount of this Agreement be increased or decreased without a properly executed Amendment.

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Xxxxx of Funds. In order to support redevelopment of this O Street and Canopy Street Project and as an inducement for Redeveloper to construct the Private Improvements and JPA to construct the JPA Improvements identified in Section 310, the City agrees to the extent allowed by law and then only to the extent funds are lawfully available from issuance of the TIF Indebtedness to the Redeveloper up to the total amount of the remaining TIF Proceeds, less the amounts expended on the First Priority Item, to pay the Land Purchase Assistance and reimburse Redeveloper for the cost of the other Redeveloper Priority Expenses. In order to receive reimbursement from Grant Funds, the Redeveloper shall submit authentic and satisfactory documentation to the City to verify the Private Improvements have been substantially completed and that the expenditures were made for eligible Redeveloper Priority Expenses. The City shall maintain a record of all expenditures of the TIF Proceeds to determine the total amount of TIF Proceeds expended on Redeveloper Priority Expenses.

Xxxxx of Funds. In order to support redevelopment of this P Street and Canopy Street Project and as an inducement for Redeveloper to construct the Private Improvements and JPA to construct the Streetscape, the City agrees to the extent allowed by law and then only to the extent funds are lawfully available from issuance of the TIF Indebtedness from TIF Bond B (“TIF Proceeds B”), to pay on behalf of or make a grant of funds (“Grant Funds B”) first to JPA in the total amount of the Streetscape and then to the Redeveloper up to the total amount of the remaining TIF Proceeds, less the amounts expended on the First Priority Item, to pay the Land Purchase Assistance and reimburse Redeveloper for the cost of the other Redeveloper Priority Expenses. In order to receive reimbursement from Grant Funds, the Redeveloper shall submit authentic and satisfactory documentation to the City to verify the Private Improvements have been substantially completed and that the expenditures were made for eligible Redeveloper Priority Expenses. The City shall maintain a record of all expenditures of the TIF Proceeds to determine the total amount of TIF Proceeds expended on Redeveloper Priority Expenses.

Xxxxx of Funds. In order to support redevelopment of this TDP Project and as an inducement for Redeveloper to construct the Private Improvements, the City agrees to the extent allowed by law and then only to the extent funds are lawfully available from issuance of the TIF Indebtedness from TIF Bond A (“TIF Bond A Proceeds”) and TIF Bond B (“TIF Bond B Proceeds”), to pay on behalf of or make a grant of funds (“Grant Funds A and Grant Funds B, respectively”) to the Redeveloper up to the total amount of the respective TIF Bond A and TIF Bond B Proceeds, less the amounts expended on the First Priority Item for each TIF Bond, to reimburse Redeveloper for the cost of the TIF Bond A and TIF Bond B Priority Expenses. In order to receive reimbursement from Grant Funds A and Grant Funds B, the Redeveloper shall submit authentic and satisfactory documentation to the City to verify the Private Improvements have been substantially completed and that the expenditures were made for eligible Redeveloper Priority Expenses. The City shall maintain a record of all expenditures of the TIF Bond A Proceeds and TIF Bond B Proceeds to determine the total amount of TIF Bond A Proceeds and TIF Bond B Proceeds expended on Redeveloper Priority Expenses. The City further agrees to grant Excess TIF Tax Revenues to Redeveloper to be applied toward the payment of the Purchase Price.

Xxxxx of Funds. In order to support this Redevelopment Project and as an inducement for Redeveloper to construct the Redeveloper Improvements and Redeveloper Public Improvements, the City agrees to the extent allowed by law and then only to the extent funds are lawfully available from issuance of the TIF Indebtedness from the TIF Bond (“TIF Proceeds”) to pay on behalf of or make a grant of funds (“Grant Funds”) to the Redeveloper up to the total amount of the remaining TIF Proceeds, less the amounts expended on the First Priority Items. In order to receive reimbursement from Grant Funds, the Redeveloper shall submit authentic and satisfactory documentation to the City to verify the actual costs of Redeveloper and that the expenditures were made for eligible Redeveloper Priority Expenses pursuant to Section 903A. The City shall maintain a record of all expenditures to determine the total amount of TIF Proceeds expended on Redeveloper Priority Expenses. Notwithstanding the foregoing provisions of this Section, the City shall be entitled to retain not more than 10% of the TIF Proceeds otherwise allocated by Section 903A as Redeveloper Priority Expenses as security for the completion of the Redeveloper Improvements. At such time as the City issues a Certificate of Completion to Redeveloper, the City shall release the TIF Proceeds retained from the Redeveloper pursuant to this Section.

Xxxxx of Funds. Subject to the terms of this Agreement and to the availability of appropriated funds, Grantor hereby grants funds to Grantee the lesser of Two Million and NO/100 Dollars ($2,000,000.00) or Forty Four and Seven Hundredths percent (44.07%) of the actual total cost of the Project, which is estimated to be Four Million Five Hundred Thirty Seven Thousand Seven Hundred Sixty Three and NO/100 Dollars ($4,537,763.00) as set forth in Attachment A and which will be finally determined in the Project Completion Report (as described in Section X(C) of this Agreement)(the “Grant Funds”). The Grant Funds are awarded to Grantee for the sole and express purpose of undertaking and completing the Project. In accordance with O.R.C. § 122.653(C)(3), the Grant Funds shall not exceed seventy-five percent (75%) of the estimated total cost of the Project. Grantee shall undertake and complete the Project as set forth in Attachment A, except that Grantee may reallocate Grant Funds between budget line items by an amount not to exceed ten percent (10%) of the budget line, or ten thousand dollars ($10,000.00) whichever is less, originally allocated for that use. All Grant Funds shall only be spent on the Project and at the Project Property. Grantee shall receive the Grant Funds on a reimbursement basis with a 10% retainage maintained until the Final Project Report is received and accepted by ODOD and approval by ODOD of proper documentation detailing costs for Eligible Activities incurred by Grantee and as further set forth in Section VII of this Agreement.

Related to Xxxxx of Funds

Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.
Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.
Return of Funds Contractor will return any overpayments due to unearned funds or funds disallowed pursuant to the terms of the Contract that were disbursed to the Contractor. The Contractor must return any overpayment within forty (40) calendar days after either discovery by the Contractor, its independent auditor, or notification by the Department or Customer of the overpayment.
Commingling of Funds So long as the Company is Servicer, any collections in respect of Contracts collected by the Company shall, prior to the deposit thereof in the Certificate Account, be held in bank accounts entitled substantially as follows: "[name of depository], as agent for U.S. Bank National Association as Trustee, other trustees, and Green Tree Financial Corporation, as their interests may appear."
Deposit of Funds Before 11:00 A.M., New York City time, on each Redemption Date, Fundamental Change Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose.
Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.
Source of Funds Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder: (a) the Source is an “insurance company general account” (as the term is defined in the United States Department of Labor’s Prohibited Transaction Exemption (“PTE”) 95-60) in respect of which the reserves and liabilities (as defined by the annual statement for life insurance companies approved by the NAIC (the “NAIC Annual Statement”)) for the general account contract(s) held by or on behalf of any employee benefit plan together with the amount of the reserves and liabilities for the general account contract(s) held by or on behalf of any other employee benefit plans maintained by the same employer (or affiliate thereof as defined in PTE 95-60) or by the same employee organization in the general account do not exceed 10% of the total reserves and liabilities of the general account (exclusive of separate account liabilities) plus surplus as set forth in the NAIC Annual Statement filed with such Purchaser’s state of domicile; or (b) the Source is a separate account that is maintained solely in connection with such Purchaser’s fixed contractual obligations under which the amounts payable, or credited, to any employee benefit plan (or its related trust) that has any interest in such separate account (or to any participant or beneficiary of such plan (including any annuitant)) are not affected in any manner by the investment performance of the separate account; or (c) the Source is either (i) an insurance company pooled separate account, within the meaning of PTE 90-1 or (ii) a bank collective investment fund, within the meaning of the PTE 91-38 and, except as disclosed by such Purchaser to the Company in writing pursuant to this clause (c), no employee benefit plan or group of plans maintained by the same employer or employee organization beneficially owns more than 10% of all assets allocated to such pooled separate account or collective investment fund; or (d) the Source constitutes assets of an “investment fund” (within the meaning of Part VI of PTE 84-14 (the “QPAM Exemption”)) managed by a “qualified professional asset manager” or “QPAM” (within the meaning of Part VI of the QPAM Exemption), no employee benefit plan’s assets that are managed by the QPAM in such investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1) of the QPAM Exemption) of such employer or by the same employee organization and managed by such QPAM, represent more than 20% of the total client assets managed by such QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption are satisfied, neither the QPAM nor a person controlling or controlled by the QPAM maintains an ownership interest in the Company that would cause the QPAM and the Company to be “related” within the meaning of Part VI(h) of the QPAM Exemption and (i) the identity of such QPAM and (ii) the names of any employee benefit plans whose assets in the investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1) of the QPAM Exemption) of such employer or by the same employee organization, represent 10% or more of the assets of such investment fund, have been disclosed to the Company in writing pursuant to this clause (d); or (e) the Source constitutes assets of a “plan(s)” (within the meaning of Part IV(h) of PTE 96-23 (the “INHAM Exemption”)) managed by an “in-house asset manager” or “INHAM” (within the meaning of Part IV(a) of the INHAM Exemption), the conditions of Part I(a), (g) and (h) of the INHAM Exemption are satisfied, neither the INHAM nor a person controlling or controlled by the INHAM (applying the definition of “control” in Part IV(d)(3) of the INHAM Exemption) owns a 10% or more interest in the Company and (i) the identity of such INHAM and (ii) the name(s) of the employee benefit plan(s) whose assets constitute the Source have been disclosed to the Company in writing pursuant to this clause (e); or (f) the Source is a governmental plan; or (g) the Source is one or more employee benefit plans, or a separate account or trust fund comprised of one or more employee benefit plans, each of which has been identified to the Company in writing pursuant to this clause (g); or (h) the Source does not include assets of any employee benefit plan, other than a plan exempt from the coverage of ERISA. As used in this Section 6.2, the terms “employee benefit plan,” “governmental plan,” and “separate account” shall have the respective meanings assigned to such terms in section 3 of ERISA.
Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.
Retention of Funds Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.
Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.