Disbursement of Grant. IMDA shall disburse funding subject to Recipient’s due performance of Deliverables by the end of the Qualifying Period and compliance with this Agreement. IMDA shall have the sole discretion to determine the supportable amount of the cost items and/or computation of Grant for disbursement. Project and related documents shall be kept for at least 5 years after the project completion date and may be inspected by IMDA or its agents.
Disbursement of Grant. Subject to the availability of funds, the BPW may periodically authorize payment to, or on behalf of, Grantee or Beneficiary funds in an amount not to exceed the Grant amount.
Disbursement of Grant. Upon compliance with all of the conditions delineated in Section 4.02, the State Entity shall disburse the Grant to the Grant Recipient. Under no circumstance shall the State Entity be required to disburse funds in excess of the amount requested by the Grant Recipient under the provisions contained in Section 4.02.A even if such amount is less than the maximum amount of the Grant delineated in Section 1.01. If the amount of Grant that the State Entity disburses hereunder to the Grant Recipient is less than the maximum amount of the Grant delineated in Section 1.01, then the State Entity and the Grant Recipient shall enter into and execute whatever documents the State Entity may request in order to amend or modify this Agreement to reduce the amount of the Grant to the amount actually disbursed. Provided, however, if the Grant Recipient has not fully complied with the provisions and requirements contained in Section 4.02 by the date that is 5 years from the effective date of this Agreement, then the State Entity’s obligation to disburse any of the Grant shall terminate as of such day and date and this Agreement shall become null and void.
Disbursement of Grant. Upon compliance with all of the conditions delineated in Section 6.02, the State Entity shall disburse the G.O. Grant to the Public Entity in one lump sum. Under no circumstance shall the State Entity be required to disburse funds in excess of the amount requested by the Public Entity under the provisions contained in Section 6.02.A even if the amount requested is less than the amount of the G.O. Grant delineated in Section 1.01. If the amount of G.O. Grant that the State Entity disburses hereunder to the Public Entity is less than the amount of the G.O. Grant delineated in Section 1.01, then the State Entity and the Public Entity shall enter into and execute whatever documents the State Entity may request in order to amend or modify this Agreement to reduce the amount of the G.O. Grant to the amount actually disbursed. Provided, however, in accordance with the provisions contained in Section 2.11, the State Entity’s obligation to disburse any of the G.O. Grant shall terminate as of the date specified in such Section even if the entire G.O. Grant has not been disbursed by such date. The G.O. Grant shall only be for expenses that (i) are for those items of a capital nature for the Project, (ii) accrued no earlier than the effective date of the G.O. Bonding Legislation, or (iii) have otherwise been consented to, in writing, by the State Entity and the Commissioner of MMB.
Disbursement of Grant. Upon the execution of this Agreement, MDA will disburse 20% ($ ) of the Grant Funds for project construction/installation to Grantee provided Grantee has met all of the terms called for in the Solicitation including, but not limited to, securing the requisite insurance, and providing MDA a copy of the Grantee’s agreement with the person on whose land the project will be installed: (a) showing that the Grantee may use the project site for the purposes specified in this Agreement, and (b) explaining their intent regarding the project’s operation once the requisite operational period has concluded (see Section 7 below). MDA will disburse the remainder of the Grant Funds as follows:
Disbursement of Grant. Subject to the provisions of the Agreement, the Grant is to be paid to the Recipient after execution of this SBEC Agreement by both parties and receipt by BACD of the items listed in section 5.2, less the Holdback total which shall be released upon satisfaction of the conditions contained in section 5.3 (and provided the holdback funds are received by BACD from Ontario under the Ontario Agreement) in BACD’s sole discretion.
Disbursement of Grant. (a) Notwithstanding anything in this Agreement to the contrary, the Authority will not have any obligation to disburse any portion of the Grant under this Agreement until and unless this Agreement is approved by the County’s Board of Supervisors and the Authority has received such funds from the County.
Disbursement of Grant. No later than sixty (60) months following the Effective Date, APPLICANT shall submit to the COUNTY an initial Grant Submittal Package as specified in Section 3(d) below. Thereafter, beginning as of the commencement of the Grant Period, the APPLICANT shall be entitled to receive a yearly GRANT disbursement equal to 100% of the COUNTY'S one-half percent (0.5%) Sales and Use Tax revenue generated by and attributable solely to the Qualified Sales at the DEVELOPMENT, which have been remitted from the State Comptroller to the COUNTY. In addition, during the term of this Agreement beginning as of the commencement of the Grant Period, APPLICANT will be eligible to receive on a yearly basis an amount equal to 100% of the ad valorem real property tax revenue increment based upon the increased value of the Property over the Base Property Tax Valuation, which is attributable solely to the Property's increase in property tax value as determined by the El Paso Central Appraisal District and collected by the COUNTY in each fiscal year. Eligibility for any GRANT payment is expressly contingent upon APPLICANT'S satisfaction of the requirements of Section 3 of this Agreement. GRANT payments will continue until the earlier of the expiration of the term of this Agreement or until the aggregate of all payments made results in a Net Present Value of FOUR MILLION DOLLARS ($4,000,000.00). Under no circumstances shall the COUNTY be required to disburse under this Agreement more than an aggregate of all payments made that would exceed the Net Present Value of FOUR MILLION DOLLARS ($4,000,000.00), nor shall APPLICANT be entitled to receive the GRANT unless it satisfies all the requirements of Section 3 of this Agreement.
Disbursement of Grant. 29.2.1 Subject to the conditions specified in this Clause 29.2, the Grant shall be applied by the Concessionaire for meeting the Total Project Cost.
Disbursement of Grant. Upon our receipt of an executed copy of this agreement, we will remit the grant payment in full to your organization.
