CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS Clause Samples
The "Conditions to Disbursement of Funds; Disbursement Terms" clause defines the requirements that must be met before funds are released under an agreement and outlines the specific terms governing such disbursements. Typically, this clause lists prerequisites such as submission of certain documents, achievement of project milestones, or compliance with legal and contractual obligations. It also details the timing, method, and process for transferring funds once conditions are satisfied. The core function of this clause is to ensure that funds are only disbursed when agreed-upon criteria are met, thereby protecting the interests of the party providing the funds and reducing the risk of premature or improper payments.
CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. The obligation of IEDA to make, continue or disburse funds under this Contract shall be subject to the following conditions precedent:
CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. Article 5.1 Documents Submitted Article 5.2
CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. The obligation of IDED to make, continue or disburse funds under this Master Contract and the Funding Agreements shall be subject to the following conditions precedent:
CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. Article 5.1 Documents submitted Article 5.2 Prior Costs Article 5.3 Cost Variation Article 5.4
CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. The Business must complete and sign the attached Certification (Exhibit B) and IRS W-9 form and submit these items, together with this Agreement and all other Verifying Information, as indicated in the Program’s cover letter. If you are unable to complete an IRS W-9 form with an EIN (not your social security number) because you are a sole- proprietor, please also submit Schedule C of IRS form 1040. Disbursements of the Award will be made upon ▇▇▇▇▇▇▇’s receipt and review of an executed original of this Agreement together with copies of all Verifying Information from the Business. Upon Grantor’s confirmation of all required documentation and determination of Award, the Award shall be directly deposited in the Business account specified in the applicant’s completed ACH form.