Expenditure Restrictions Sample Clauses

Expenditure Restrictions. All CDBG funds approved by HUD for expenditure under the COUNTY’s Grant Agreement, including those that are identified for CITY projects and activities, shall be allocated to the specific projects and activities described and listed in the CITY’s proposal for funding, Agreements, and Contracts; such funds shall be used for no other purposes. No project, activity, or the amount allocated to a given project or activity may be changed without the written concurrence of the COUNTY and/or HUD, as required.
Sample 1
AutoNDA by SimpleDocs
Expenditure Restrictions. All CDBG-R funds that are approved by HUD for expenditure under the County's grant agreement, including those that are identified for the SubRecipient‟s Projects and activities, shall be allocated to the specific projects and activities described and listed in Attachments A1-A3. The allocated funds shall be used and expended only for the projects and activities for which the funds are identified.
Sample 1
Expenditure Restrictions. 1. All CDBG Funds that are identified for the Subgrantee's Project shall only be used and allocated only for the Project described and listed in the Scope of Service.
Sample 1
Expenditure Restrictions. The following additional expenditure restrictions apply to Agreement Budget(s) (Exhibit D).
Sample 1
Expenditure Restrictions. The following additional expenditure restrictions apply to the Subrecipient Budget as found in Schedule 2.1
Sample 1
Expenditure Restrictions. All CDBG funds that are approved by HUD for expenditure under the County’s grant agreement, including those that are identified for City projects and activities, shall be allocated to the specific projects and activities described and listed in the City’s proposal for funding and approved Subrecipient Agreement, and the allocated funds shall be used and expended only for the projects and activities to which the funds are identified. No project, activity, or the amount allocated may be changed without concurrence by the County and acceptance of the revised Annual Action Plan or five (5) year Consolidated Plan with an Annual Action Plan component, when required by HUD, and an approved Subrecipient Agreement that authorizes such project, activity, or amount.
Sample 1
Expenditure Restrictions. A. Expenditure Period Funds provided under this Contract may only be expended during the contract term.
Sample 1
AutoNDA by SimpleDocs
Expenditure Restrictions 
Sample 1Sample 2Sample 3See All (5)

Related to Expenditure Restrictions

  • Additional Restrictions In addition to any other restrictions on transfer contained in this Agreement, in no event may any Transfer of a Partnership Interest by any Partner or any redemption pursuant to Section 8.6 be made without the express consent of the General Partner, in its sole and absolute discretion, (i) to any person or entity who lacks the legal right, power or capacity to own a Partnership Interest; (ii) in violation of applicable law; (iii) of any component portion of a Partnership Interest, such as the Capital Account, or rights to distributions, separate and apart from all other components of a Partnership Interest; (iv) if in the opinion of the General Partner based on the advice of legal counsel, if appropriate, such Transfer would cause a termination of the Partnership for Federal or state income tax purposes (except as a result of a redemption of all Partnership Units held by all Limited Partners); (v) if in the opinion of the General Partner based on the advice of legal counsel, if appropriate, such Transfer would cause the Partnership to cease to be classified as a partnership for Federal income tax purposes (except as a result of a redemption of all Partnership Units held by all Limited Partners); (vi) if such Transfer requires the registration of such Partnership Interest pursuant to any applicable federal or state securities laws; (vii) if such Transfer would cause the Partnership to become a “publicly traded partnership,” as such term is defined in Section 7704(b) of the Code (provided that this clause (vii) shall not be the basis for limiting or restricting in any manner the exercise of the Redemption Right under Section 8.6 unless, and only to the extent that, outside tax counsel advises the General Partner that, in the absence of such limitation or restriction, there is a significant risk that the Partnership will be treated as a “publicly traded partnership” and, by reason thereof, taxable as a corporation); (viii) if such Transfer would cause the General Partner to own 10% or more of the ownership interests of any tenant of a property held by the Partnership within the meaning of Section 856(d)(2)(B) of the Code; (ix) if such Transfer would result in the General Partner being “closely held” within the meaning of Section 856(h) of the Code; or (x) if in the opinion the General Partner based on the advice of legal counsel, if appropriate, such Transfer would adversely affect the ability of the General Partner to continue to qualify as a REIT or subject the General Partner to any additional taxes under Section 857 or Section 4981 of the Code.

Time is Money Join Law Insider Premium to draft better contracts faster.