Examples of Initial Funding Amount in a sentence
To enable the County to expend the Initial Funding Amount by the Initial Expenditure Date, Borrower shall satisfy the conditions set forth in Section 2.5 not later than June 15, 2023.
The Approved Rehabilitation Budget itemizes Predevelopment Activities that utilize the full amount of the Initial Funding Amount.
Borrower shall use the Initial Funding Amount exclusively to fund the cost of the Predevelopment Activities, in amounts consistent with the Approved Rehabilitation Budget and in accordance with Section 2.5 below.
The Initial Funding Amount must be expended by the County not later than the Initial Expenditure Date.
If Borrower does not satisfy the conditions to disbursement set forth in Section 2.5 by June 15, 2023, the unexpended portion of the Initial Funding Amount will be forfeited.