Disposition of Program Income Sample Clauses

Disposition of Program Income. At the end of the fiscal year, Lead may require remittance of all or part of any program income balances (including investments thereof) held by the Operator. (24 C.F.R. 570.504 AND 24 C.F.R 84.24) H. Reversion of Assets. (24 C.F.R. 570.503(b)(8)) Where Contract funds are distributed pursuant to this Contract, then upon expiration of the Contract, the Operator shall transfer to the Lead any Contract funds on hand at the time of expiration and any accounts receivable attributable to the use of Contract funds.
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Disposition of Program Income. Program Income generated under this Award may only be used to reduce the Federal share of the project. On each SF 425 You submit You must note all Program Income earned and expended during that reporting period. For further guidance regarding Program Income, see 2 C.F.R. § 215.24 or 13 C.F.R. § 143.25, as appropriate. Include the appropriate C.F.R for this reference
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Disposition of Program Income. Contractor shall, within thirty (30) days of the expiration of this AGREEMENT, transmit to LAHSA any, and all, Program income directly generated by funds provided by this AGREEMENT. Program Income is defined in 24 C.F.R. § 85.25. Any program income on hand when the AGREEMENT expires, or received after the AGREEMENT expiration, shall be paid to LAHSA.
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Disposition of Program Income a. CITY shall inform COUNTY on a semi-annual basis regarding any income generated by the expenditure of CDBG funds received by CITY under this AGREEMENT. All such program income shall be retained by CITY and shall be used only for eligible activities in accordance with all applicable CDBG requirements and regulations. Consistent with CDBG regulations, the CITY reserves the right to use twenty percent (20%) of program income earned in the program year for General Administration. and fifteen percent (15%) of said program income earned in the prior year for public service activities
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Disposition of Program Income. Program Income generated under this Award must be added to the Project Funds and used to further eligible project or program objectives. In addition, on SBA Form 2113-Program Income and worksheet you submit you must note all Program Income earned and expended during that reporting period. A self-populating excel worksheet to the SBA Form 2113-Program Income may be obtained from the OSBDC website at xxx.xxx.xxx/xxxxxxx/xxxx-xxxxx-xxx-xxxxxxxxxx. For further guidance regarding Program Income, see 2 C.F.R. Subpart D §200.307.
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Related to Disposition of Program Income

  • Disposition of Proceeds The Security Documents contain an assignment by the Borrower and/or the Guarantors unto and in favor of the Collateral Agent for the benefit of the Lenders of all of the Borrower’s or each Guarantor’s interest in and to their as-extracted collateral in the form of production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property. The Security Documents further provide in general for the application of such proceeds to the satisfaction of the Obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Documents, until the occurrence of an Event of Default, (a) the Administrative Agent and the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Administrative Agent or the Lenders, but the Lenders will instead permit such proceeds to be paid to the Borrower and its Subsidiaries and (b) the Lenders hereby authorize the Administrative Agent to take such actions as may be necessary to cause such proceeds to be paid to the Borrower and/or such Subsidiaries.

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Distribution of Profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties.

  • Distribution of Property In the event it becomes necessary in connection with the liquidation of the Company to make a distribution of Property in-kind, subject to the priority set forth in Section 11.02, the liquidating trustee shall have the right to compel each Member to accept a distribution of any Property in-kind (with such Property, as a percentage of the total liquidating distributions to such Member, corresponding as nearly as possible to such Member’s Percentage Interest), with such distribution being based upon the amount of cash that would be distributed to such Members if such Property were sold for an amount of cash equal to the fair market value of such Property, as determined by the liquidating trustee in good faith, subject to the last sentence of Section 5.03(d).

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority:

  • Distribution of Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Allocation of Proceeds If an Event of Default shall exist and maturity of any of the Obligations has been accelerated, all payments received by the Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority:

  • Disposition of Income During the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.

  • Limitation on Disposition of Property Dispose of any of its Property (including, without limitation, receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Acquisition of Property The Contractor shall document that all property was acquired consistent with its engineering, production planning, and property control operations.

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