Examples of Allocated Sum in a sentence
The purpose of this Agreement is to allocate CARES funds so the SUBRECIPIENT may accept the Allocated Sum for the Project as defined herein and administer the Project, more specifically described in Exhibit A (“the Project”); execute Title I of the Housing and Community Development Act of 1974 (42 United States Code (U.S.C.), § 5301, et seq.); and carry out a national objective as set forth in 24 CFR § 570.208.
By executing this Agreement and accepting the Allocated Sum for the Project, the SUBRECIPIENT certifies that the work performed will meet the national objective as further described in Exhibit A.
The Allocated Sum is to be requested within a period of twenty-four (24) months from the Effective Date of this Agreement.
The Allocated Sum is payable either by reimbursement to the SUBRECIPIENT in accordance with the terms of this Agreement, or direct payment to the SUBRECIPIENT’s vendor upon receipt of the required documents set forth below.
AMSKILLS is allocated a total Fiscal Year 2021 sum of One Hundred Twenty-Five Thousand Dollars ($125,000) herein referred to as "Allocated Sum," by the COUNTY from its Jobs and Economic Opportunities Trust Fund (Xxxxx for Pasco Economic Growth Allocation), in consideration for the performance of the duties as indicated in Article Ill.
Distributions shall accumulate in each Series C Distribution Period from and including the preceding Series C Distribution Payment Date (other than the initial Series C Distribution Period, which shall commence on and include the Series C Original Issue Date), to but excluding the next Series C Distribution Payment Date for such Series C Distribution Period and distributions shall accrue on accumulated Series C Distributions at the Series C Distribution Rate.
Requests for reimbursement by the COUNTY of the Allocated Sum to the SUBRECIPIENT shall be submitted via an invoice along with Verifying Documents, defined herein, either quarterly or monthly, entered and uploaded in the Pasco County Community Development Neighborly Software.
Reimbursement by the COUNTY of the Allocated Sum to the SUBRECIPIENT shall be submitted using the Neigborly Software and uploading attached as Exhibit C (either quarterly or monthly), Request for CDBG Reimbursement and Quarterly Performance Report.
For its performance under this Agreement, the Allocated Sum shall be distributed to AMSKILLS in two equal payments, the first payment distribution within sixty (60) days of execution of this Grant Agreement, and the second payment distribution shall be made (6) months after the execution date of this Agreement.
The SUBRECIPIENT shall maintain all records required by Federal regulations specified in 2 CFR, as appropriate, that are pertinent to the Project herein funded by the Allocated Sum.