Accountable Advance definition

Accountable Advance means any portion of the Conditional Grant advanced to the Recipient pursuant to Part 3.0, to be applied by the Recipient against Eligible Costs only, and which may become repayable by the Recipient, as provided for in this Agreement;
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Accountable Advance means that portion of the FII Project Funding advanced to the Recipient under this Agreement for the applicable Interim Period and which remains payable by the Recipient to FII pursuant to the terms of this Agreement until FII receives from the Recipient and approves the reports and statements more particularly described in Schedule 2 (Project Proposal, Budget and Reporting).
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Accountable Advance means disbursement (transfer) of funds that are advanced to a staff member or an official on conditions that he/she will expend the funds for approved purposes only, account to the Union for expended funds, and return to the Union by a specified date any portion of funds that is not expended or accounted for.
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Examples of Accountable Advance in a sentence

  • FII will not advance the Accountable Advance applicable to an Interim Period until an Interim Period report (containing both financial and operational elements) for the previous Interim Period has been received and accepted by FII.

  • FII reserves the right to reduce the amount of any pending Accountable Advance to more accurately reflect the Recipient’s progress towards completion of the Work.

  • If the Budget is overspent during one Interim Period, the Accountable Advance to be made for the next Interim Period will be reduced by such over expenditure or if such Accountable Advance has already been made to the Recipient, and the Recipient will repay to FII, in accordance with this Agreement, an amount equal to such over expenditure.

  • The Recipient will be required to account for the use of the Accountable Advances against the Eligible Costs, prior to issuance by FII of the next Accountable Advance payment.

  • The Accountable Advance retirement shall be supported by relevant documents as stipulated in the Accounting Policies and Procedures Manual.

  • The final 20% represents a holdback and is not an Accountable Advance.

  • A Staff Member to whom Accountable Advance is given shall be fully and personally responsible and accountable for the money.

  • A Staff Member may be authorized to take Accountable Advance in respect of approved expenses to be incurred in the course of official travel, facilitating workshops and other official activities of the Union.

  • Accountable Advance not retired within the period provided under paragraph(3) above shall, without further recourse be recovered in full from the salary, wages and any other payments due to the responsible staff member from the next payroll date.

  • All Accountable Advance shall be retired within seven (7) working days following the return of the responsible staff member from the official trip or upon completion of the official activity for which the Accountable Advance was authorized.


More Definitions of Accountable Advance

Accountable Advance means a portion of the Investment Funding advanced to the Recipient pursuant to Article 4, to be applied by the Recipient against Approved Eligible Costs only, and which may become repayable by the Recipient, as provided for in this Agreement;
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Accountable Advance means an accountable advance made under section 98 or 99; (avance à justifier)
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Accountable Advance means a sum of money advanced to a person for which such person is accountable and including imprest funds and working capital advances.
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Accountable Advance. Means an accountable advance made under Section 54 of the Financial Administration Act .
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Related to Accountable Advance

  • Eligible advance means an advance made before August 19, 1993.

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Nonrecoverable Advances With respect to any Mortgage Loan, (i) any Servicing Advance or Monthly Advance previously made and not reimbursed pursuant to Section 3.03(ii) or (ii) a Servicing Advance or Monthly Advance proposed to be made in respect of a Mortgage Loan or REO Property which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Seller and the Trustee no later than the Business Day following such determination, would not be ultimately recoverable pursuant to Section 3.03(ii).

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Non-Recoverable Advance Any portion of an Advance previously made or proposed to be made by the Servicer that, in the good faith judgment of the Servicer, will not or, in the case of a current delinquency, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note(s) securitized pursuant to such Securitization Servicing Agreement.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Applied Downgrade Advance has the meaning assigned to such term in Section 2.06(a).

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Unapplied Downgrade Advance means any Downgrade Advance other than an Applied Downgrade Advance.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Nonrecoverable Monthly Advance Any Monthly Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Seller, will not, or, in the case of a proposed Monthly Advance, would not be, ultimately recoverable from related late payments, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • Nonrecoverable P&I Advance Any P&I Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer using Accepted Servicing Practices, will not or, in the case of a proposed P&I Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • ‘Preparation Advance’ means the advance referred to in the Financing Agreement and repayable in accordance with Section 2.07.”

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.