Funds Certification Clause Samples
The Funds Certification clause serves to confirm that the party responsible for payment has secured and allocated sufficient funds to fulfill its financial obligations under the agreement. In practice, this clause may require a written statement or official documentation from a financial officer or authorized representative, certifying that the necessary funds are available and reserved for the contract's purposes. Its core function is to provide assurance to the other party that payment will not be hindered by budgetary constraints, thereby reducing the risk of non-payment and ensuring financial reliability throughout the contract term.
Funds Certification. The GEMT Provider shall certify that the funds transferred qualify for federal financial participation (FFP) pursuant to 42 CFR part 433 subpart B, and are not derived from impermissible sources such as recycled Medicaid payments, federal money excluded from use as State match, impermissible taxes, and non-bona fide provider-related donations. Impermissible sources do not include revenue received from programs such as Medicare or Medicaid to the extent that the program revenue is not obligated to the State as the source of funding.
Funds Certification. HUD General Provisions and Other Federal Statutes, Regulations, and PRDOH Requirements Special Conditions Subrogation and Assignment Provisions All Attachments hereto are fully incorporated herewith such that the terms and conditions of the Attachments shall be as binding as any terms and conditions of this executed written Agreement. Should any inconsistency appear between the Attachments and this Agreement, the Agreement shall prevail.
Funds Certification. On or before ▇▇▇▇▇ ▇, ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ shall certify unconditionally to Seller in writing that Purchaser has sufficient currently available funds to enable Purchaser to meet in full its obligation under Section 2.04(a) for the Purchase Price. CONDITIONS PRECEDENT TO CLOSING Conditions to the Parties' Obligations. The obligations of all the parties to this Agreement to effect the transactions contemplated hereby shall be subject to the fulfillment at the Closing Date of the following conditions (any one or more of which can be waived by all of the parties, but only in writing): All material permits, approvals and consents required to be obtained, and all waiting periods required to expire, prior to the consummation of the transactions contemplated in this Agreement under the applicable federal laws of the United States shall have been obtained or shall have expired, as the case may be (all such permits, approvals and consents and the lapse of all such waiting periods being referred to as the "Requisite Regulatory Approvals"). There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the transactions contemplated by this Agreement, by any Governmental Entity which makes the consummation of the transactions contemplated by this Agreement illegal. No legal, administrative, arbitration, investigatory or other proceeding shall have been instituted by any Governmental Entity and remain pending to restrain or prohibit the transactions contemplated hereby. No decision of any federal, state or foreign court awarding substantial damages or penalty against any of the parties or affiliates thereof in connection with the transactions contemplated herein shall exist. Conditions to Purchaser's Obligations. The obligations of Purchaser to effect the transactions contemplated under this Agreement shall be subject to the fulfillment at or prior to the Closing Date of the following conditions (any one or more of which can be waived by Purchaser, but only in writing): Except as otherwise provided in this Section 6.02, (i) the representations and warranties of Seller contained in Article IV shall have been true in all material respects on the date of this Agreement and shall be true in all material respects as of Closing as though made at and as of Closing; (ii) Seller and the Bank shall have duly performed and complied in all material respects with all agreements and covenants required by this Agreement to ...