Common use of Availability of Funds and Reduction of Loan Clause in Contracts

Availability of Funds and Reduction of Loan. Disbursements of Loan proceeds are subject to the continuing availability of funds for such purpose, the State’s fiscal position, the Administration’s financial resources, and compliance with all applicable Laws. The Administration may, at any time, assess the State’s fiscal position and the Administration’s financial resources and reduce the amount of undisbursed Loan funds.

Appears in 5 contracts

Samples: Loan Program Loan Agreement, Loan Program Loan Agreement, Loan Agreement

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