Allocation and Distribution of Funds Sample Clauses

Allocation and Distribution of Funds. The distribution and payment of funds to Settling Personal Injury Claimants and to Claimants whose Claims are resolved by the Litigation Facility shall be administered by the Claims Administrator, the Special Master, and the Finance Committee as defined herein and in the Litigation Facility Agreement.
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Allocation and Distribution of Funds. The $2.6 million in ARPA funds allocated by the city will be dispersed to eligible small businesses and nonprofits with $2.1 million funding small businesses and $500,000 funding nonprofits. A strategic partnership with the San Diego Foundation as the program administrator would also provide an additional $1 million to nonprofits. As part of a larger regional economic recovery strategy, City staff and the San Diego Foundation are proposing to participate with and award $600,000 of the San Diego Foundation’s $1 million contribution to the San Diego Regional Policy Innovation Center (SDRPIC). Through their partnership with the San Diego Foundation, SDRPIC brings the talent, notoriety, and expertise of the Brookings Institution, a respected think tank globally, to understand and address the key issues in our region. $500,000 is proposed to be allocated to SDRPIC to secure Chula Vista’s position in participating with the Brookings Institute, County of San Diego, and San Diego Regional Economic Development Corporation. SDRPIC’s efforts are intended to support Chula Vista’s economic recovery and address broad regional challenges such as climate resilience, affordable housing solutions, infrastructure investment, and broadband access. This work will help jumpstart transformational shifts to strengthen our economy and build regional resilience through multi-jurisdictional collaboration, original research, and data collection. This expenditure of funds to SDRPIC will position the City to leverage ARPA dollars to receive additional funds in the future to implement the efforts described. The remaining $100,000 dollars will be allocated to support the development of a new arts and culture related project to support cross border immigrant empathy. Source Amount Use City of Chula Vista - ARPA Funds $2,600,000 $2,100,000 to small businesses $500,000 to nonprofits San Diego Foundation – Supplemental $1,000,000 $1,000,000 to nonprofits City of Chula Vista - General Fund ($180,000) Administration Fees (5% of total program funds) City of Chula Vista - General Fund ≤($70,000) Reimburse up to $70,000 for Third Party Costs (e.g., audit(s), legal fees) Under the terms of the proposed agreement, the program administrator would have until March 31, 2023, to expend funds. Any monies not spent will be returned to the City allowing ample time to repurpose funds, if needed, prior to the December 31, 2024, deadline to exhaust ARPA dollars. If the parties agree, the final expenditure da...
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Allocation and Distribution of Funds. SFA - 3 2.04 Maintenance of Actions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 3 2.05 Establishment of Depository Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 3 (a) Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 3 (b) Beneficiary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 3 (c) Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 3 (d) Indemnification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 4 (e) Resignation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 4 (f) Removal of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 4 (g) Successorship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 4
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Allocation and Distribution of Funds. CRSI will allocate and distribute Company funds to the partners or members, as the case may be, in accordance with the terms of the governing documents.
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Related to Allocation and Distribution of Funds

  • Distribution of Funds Deliver (i) to Seller, or order, the cash portion of the Purchase Price, adjusted for prorations, charges and other credits and debits provided for herein; and (ii) to Buyer, or order, any excess funds delivered to Escrow Agent by Buyer. Such funds shall be delivered by wire transfer or cashier’s check in accordance with instructions for Seller and Buyer; if no instructions are given, Escrow Agent shall deliver such funds by Escrow Agent’s check via overnight courier (or as otherwise requested by the intended recipient) to the appropriate party at the address set forth for notice in this Agreement.

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • LIQUIDATION AND DISTRIBUTION On or as soon after the Closing Date as is conveniently practicable: (a) the Acquired Fund will distribute in complete liquidation of the Acquired Fund, pro rata to its shareholders of record, determined as of the close of business on the Closing Date (the "Acquired Fund Shareholders"), all of the Acquiring Fund Shares received by the Acquired Fund pursuant to paragraph 1.1; and (b) the Acquired Fund will thereupon proceed to dissolve and terminate as set forth in paragraph 1.8 below. Such distribution will be accomplished by the transfer of Acquiring Fund Shares credited to the account of the Acquired Fund on the books of the Acquiring Fund to open accounts on the share records of the Acquiring Fund in the name of the Acquired Fund Shareholders, and representing the respective pro rata number of Acquiring Fund Shares due such shareholders. All issued and outstanding shares of the Acquired Fund (the "Acquired Fund Shares") will simultaneously be canceled on the books of the Acquired Fund. The Acquiring Fund shall not issue certificates representing Acquiring Fund Shares in connection with such transfer. After the Closing Date, the Acquired Fund shall not conduct any business except in connection with its termination.

  • Deemed Contribution and Distribution Notwithstanding any other provision of this Article 13, in the event that the Partnership is liquidated within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), but no Liquidating Event has occurred, the Partnership’s Property shall not be liquidated, the Partnership’s liabilities shall not be paid or discharged and the Partnership’s affairs shall not be wound up. Instead, for federal income tax purposes the Partnership shall be deemed to have contributed all of its assets and liabilities to a new partnership in exchange for an interest in the new partnership; and immediately thereafter, distributed Partnership Units to the Partners in the new partnership in accordance with their respective Capital Accounts in liquidation of the Partnership, and the new partnership is deemed to continue the business of the Partnership. Nothing in this Section 13.3 shall be deemed to have constituted a Transfer to an Assignee as a Substituted Limited Partner without compliance with the provisions of Section 11.4 or Section 13.3 hereof.

  • Notification and Distribution of Materials The Company shall notify the Holders in writing of the effectiveness of the Resale Shelf Registration Statement as soon as practicable, and in any event within one (1) Business Day after the Resale Shelf Registration Statement becomes effective, and shall furnish to them, without charge, such number of copies of the Resale Shelf Registration Statement (including any amendments, supplements and exhibits), the Prospectus contained therein (including each preliminary prospectus and all related amendments and supplements) and any documents incorporated by reference in the Resale Shelf Registration Statement or such other documents as the Holders may reasonably request in order to facilitate the sale of the Registrable Securities in the manner described in the Resale Shelf Registration Statement.

  • Liquidation and Distribution of Assets Upon the dissolution of the Company, the Member, or court-appointed trustee, if there is no remaining Member, shall take full account of the Company’s liabilities and assets, and such assets shall be liquidated as promptly as is consistent with obtaining the fair value thereof. During the period of liquidation, the business and affairs of the Company shall continue to be governed by the provisions of this Agreement, with the management of the Company continuing as provided in Section 5 hereof. The proceeds from liquidation of the Company’s property, to the extent sufficient therefore, shall be applied and distributed in the following order:

  • Payments and Distributions (a) On or immediately after the fifteenth the day of each month, the Trustee shall satisfy itself as to the adequacy of the Reserve Account, making any further credits thereto as may appear appropriate in accordance with Section 3.05 and shall then with respect to each Trust:

  • Voting and Distributions (i) So long as no Event of Default shall have occurred and be continuing:

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