Encumbrance of Funds Sample Clauses

Encumbrance of Funds. The Grantee shall execute a binding contract for at least a part of the Scope of Work by [INSERT DATE], except as allowed below.
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Encumbrance of Funds. To encumber means to have a signed contract with an architect or contractor for the expenditure of all grant and matching funds. The Grantee shall execute a binding contractual agreement for the entire Scope of Work. The Grantee shall submit project contracts to the Division for review and approval prior to execution. All grantees shall submit documentation demonstrating a competitive procurement process as part of their encumbrance documentation (See Section 40). The Grantee shall insert a provision in all of its subcontracts for services under this Agreement that subcontractors may not discriminate against any employee employed under the Subcontract, or against any applicant for employment because of race, religion, gender, national origin, age, disability or marital status. (See Section 35). Encumbrance documentation shall be submitted as part of the Deliverables and Performance Measures for the first payment.
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Encumbrance of Funds. The Grantee sha l execute a binding contract for at least a part of the Scope of Work within six (6) months from the date of execution of this Agreement, except as a lowed below.
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Encumbrance of Funds. The Grantee shall execute a binding contract for at least a part of the Scope of Work by september 30 of the grant period, except as allowed below.
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Encumbrance of Funds. The Grantee shall execute a binding contract for at least a part of the Scope of Work by [INSERT DATE]. All grant funds must be encumbered under the terms of a binding contractual agreement by [INSERT DATE], except as allowed below. Extension of Encumbrance Deadline: The encumbrance deadline indicated above may be extended by written approval of the Division. To be eligible for this extension, the Grantee must demonstrate to the Division that full encumbrance of grant funding and the required match by binding contract(s) is achievable by the end of the requested extended encumbrance period. The Grantee's written request for extension of the encumbrance deadline must be submitted to the Department no later than fifteen (15) days prior to the encumbrance deadline indicated above. The maximum extension of the encumbrance period shall be [INSERT NUMBER OF DAYS] days. Encumbrance Deadline Exception: For projects not involving contract services the Grantee and the Department shall consult on a case-by-case basis to develop an acceptable encumbrance schedule.
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Related to Encumbrance of Funds

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • Transfer of Funds From such funds as may be available for the purpose in the relevant Fund Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank or broker-dealer as the Trust may designate.

  • Source of Funds Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder:

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

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