Establishment of CRF Trust Fund Sample Clauses

Establishment of CRF Trust Fund. Subrecipient must establish and maintain a CRF trust fund or a pooled account where CRF funds are clearly designated.
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Establishment of CRF Trust Fund. Sub-Grantee must establish and maintain a CRF trust fund or a pooled account where CRF funds are clearly designated. Expenditure of Funds by Sub-Grantee: CRF funds shall be Expended by Sub-Grantee for the following: Direct CRF Administrative Expenditures and Project Delivery Costs incurred on or after March 1, 2020 in an amount no more than a cumulative ___________ percent of CRF funds incurred by Sub-Grantee, a consultant to Sub-Grantee, and/or a Sponsor. CRF funds shall not be used to pay for Administrative Expenditures and Project Delivery Costs incurred prior to March 1, 2020. Housing counseling services, direct rental assistance, relocation costs and awards to assist Eligible Housing for Eligible Persons or Households or Eligible Sponsors. CRF funds may be used for the following pre-approved program purposes or activities: Rental assistance payments (including back rent, deposits and utility payments); Mortgage payments and buydowns; Emergency repair of housing; Assistance to homeowners to pay insurance deductibles; Housing re-entry assistance, such as security deposits, utility deposits, and temporary storage of household furnishings; Foreclosure or eviction prevention, including mortgage payments, monthly rent and associated fees; and Homeownership, foreclosure and eviction prevention counseling. All other activities must be presented in writing to the City/County and approved in writing prior to implementation.
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Related to Establishment of CRF Trust Fund

  • Establishment of Account (a) The Fund hereby appoints the Custodian as the custodian of all Securities and cash at any time delivered to the Custodian to be held under this Agreement. The Custodian hereby accepts such appointment and agrees to establish and maintain one or more accounts for each Series in which the Custodian will hold Securities and cash as provided herein. Such accounts (each, an “Account,” and collectively, the “Accounts”) shall be in the name of the Fund and Series, if any.

  • Establishment of Fund The Grantor and the Trustee hereby establish a trust fund (the Fund), for the benefit of the Agency. The Grantor and the Trustee intend that no third party have access to the Fund except as herein provided. The Fund is established initially as a standby to receive payments and shall not consist of any property. Payments made by the Grantor pursuant to the Agency’s instructions are transferred to the Trustee and referred to as the Fund, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement. The Fund shall be held by the Trustee, IN TRUST for the benefit of the Agency, as hereinafter provided. The Trustee shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor any duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor established by the Agency.

  • Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

  • PERMANENT ESTABLISHMENT 1. For the purposes of this Agreement, the term "permanent establishment" means a fixed place of business through which the business of an enterprise is wholly or partly carried on.

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