Advance. Notwithstanding (b) above, upon written request and justification of an immediate need based upon cash forecasting from SUBRECIPIENT, COUNTY may advance to SUBRECIPIENT a portion of COUNTY’S maximum obligation hereunder. PROJECT MANAGER shall reduce the amount of monthly payments in the seventh, eighth, ninth, tenth, and eleventh months by an equal amount of any advance payment, under (A) above, to recover any outstanding advance or part thereof. Such recovery may not exceed the total of all outstanding advances. No monthly payment shall be made to SUBRECIPIENT which would result in less money remaining unpaid to SUBRECIPIENT than the total of advances made to SUBRECIPIENT.
Appears in 3 contracts
Sources: Wioa Young Adult Career Program Contract, Contract, Wioa Young Adult Career Program Contract
Advance. Notwithstanding (b) above, upon written request and justification of an immediate need based upon cash forecasting from SUBRECIPIENT, COUNTY may advance to SUBRECIPIENT a portion sum not to exceed one sixth (1/6) of COUNTY’S maximum obligation hereunder. PROJECT MANAGER shall reduce the amount of monthly payments in the seventh, eighth, ninth, tenth, and eleventh months by an equal amount twenty percent (20%) of any advance payment, under (A) above, to recover any outstanding advance or part thereof. Such recovery may not exceed the total of all outstanding advances. No monthly payment shall be made to SUBRECIPIENT which would result in less money remaining unpaid to SUBRECIPIENT than the total of advances made to SUBRECIPIENT.
Appears in 3 contracts
Sources: Employment and Economic Development Services Contract, Employment and Economic Development Services Contract, Employment and Economic Development Services
Advance. Notwithstanding (bB) above, upon written request and justification of an immediate need based upon cash forecasting from SUBRECIPIENT, COUNTY may advance to SUBRECIPIENT a portion of COUNTY’S maximum obligation hereunder. COUNTY’S PROJECT MANAGER shall reduce the amount of monthly payments in the seventh, eighth, ninth, tenth, and eleventh months by an equal amount of any advance payment, under (A) above, to recover any outstanding advance or part thereof. Such recovery may not exceed the total of all outstanding advances. No monthly payment shall be made to SUBRECIPIENT which would result in less money remaining unpaid to SUBRECIPIENT than the total of advances made to SUBRECIPIENT.
Appears in 2 contracts
Sources: Wioa Young Adult Career Program Contract, Wioa Young Adult Career Program Contract
Advance. Notwithstanding (bbB) above, upon written request and justification of an immediate need based upon cash forecasting from SUBRECIPIENT, COUNTY may advance to SUBRECIPIENT a portion of COUNTY’S maximum obligation hereunder. COUNTY’S PROJECT MANAGER shall reduce the amount of monthly payments in the seventh, eighth, ninth, tenth, and eleventh months by an equal amount of any advance payment, under (A) above, to recover any outstanding advance or part thereof. Such recovery may not exceed the total of all outstanding advances. No monthly payment shall be made to SUBRECIPIENT which would result in less money remaining unpaid to SUBRECIPIENT than the total of advances made to SUBRECIPIENT.
Appears in 2 contracts
Sources: Wioa Young Adult Career Program Contract, Wioa Young Adult Career Program Contract
Advance. Notwithstanding (b) above, upon written request and justification of an immediate need based upon cash forecasting from SUBRECIPIENT, COUNTY may advance to SUBRECIPIENT a portion of COUNTY’S maximum obligation hereunder. COUNTY’S PROJECT MANAGER shall reduce the amount of monthly payments in the seventh, eighth, ninth, tenth, and eleventh months by an equal amount of any advance payment, under (A) above, to recover any outstanding advance or part thereof. Such recovery may not exceed the total of all outstanding advances. No monthly payment shall be made to SUBRECIPIENT which would result in less money remaining unpaid to SUBRECIPIENT than the total of advances made to SUBRECIPIENT.
Appears in 1 contract