Xxxxx Payment Schedule. Multiple payments are scheduled as follows. All payments are subject to satisfactory performance of the funded projects and compliance with reporting requirements. The amount of any payment subsequent to the initial payment may be modified to reflect project progress and/or current expenditure rate. 1st payment – 36.5% of total award within 15 business days following receipt of executed grant agreement (expected in late October 2021) 2nd payment – 26.3% of total award in late February 2022 3rd payment – 13.2% of total award in late May 2022 4th payment – 24% of total award in late August 2022 Payments and payment timeframes are subject to the Association’s receipt of funds from the State of Florida, Department of Health.
Xxxxx Payment Schedule. Multiple payments are scheduled as follows. All payments are subject to satisfactory performance of the funded projects and compliance with reporting requirements. The amount of any payment subsequent to the initial payment may be modified to reflect project progress and/or current expenditure rate. Payment #1: 47.4% of total award within 15 business days of receipt of executed Grant Agreement (expected early to mid October 2018) Payment #2: 26.3% of total award early to mid March 2019 Payment #3: 26.3% of total award in mid to late July 2019 Payments and payment timeframes are subject to the Association’s receipt of funds from the State of Florida, Department of Health.
Xxxxx Payment Schedule. The payment schedule will be outlined in the award letter. The AFC/CCS reserves the right to withhold the release of funds on any grant. Any conditions placed upon the release of funding will be specified in the award letter or other written communication. Generally, targeted and responsive grants will be distributed in two equal payments. The first payment shall be released upon the AFC’s receipt of the signed Terms of Grant Agreement. The second payment shall be issued upon the AFC’s receipt and approval of the agency’s six-month progress report. Generally, discretionary grants will be distributed in a single payment. This payment date is contingent on the signed Terms of Grant Agreement being returned to the AFC.
Xxxxx Payment Schedule. Within ten (10) days after the first performance at the Music Center or within ten (10) days after the erection of the Music Center Logo on the exterior of the Music Center Building, whichever occurs first, the Foundation shall pay its first Grant payment in the sum of $200,000.00. This payment shall be for the first year of the Initial Term being 2015. The Foundation shall pay additional Grants of at least $200,000 a year for the next nine (9) years on the anniversary date of the first Grant payment made in 2015. Upon exercise of the right by the Foundation to extend the term of this Agreement for another ten (10) years, the Renewal Term, the Foundation shall pay Grant payments of at least $200,000 a year for each year of the Renewal Term. The Foundation shall have the right to prepay the Grants in any given year of the Initial Term or the Renewal Term as long as in each year of the Initial Term and the Renewal Term the Foundation has paid a Grant of no less than $200,000.00. Any grant in excess of $200,000 in any one year shall be considered an advance of future grants unless otherwise described by the Foundation. In the last year of the Initial Term if the Foundation has prepaid any Grant for future years such act shall be deemed the exercise by the Foundation of its right to extend this Agreement for the Renewal Term.
