Common use of Immediate Use Clause in Contracts

Immediate Use. The Recipient: 1 Will not withdraw Federal funds until actually needed for immediate payment of Project expenses, and 2 Will use those funds for payments of Project expenses no later than three (3) days after receipt, except as the Federal Government permits otherwise in writing,

Immediate Use. The RecipientIt: 1 Will not withdraw Federal funds until actually needed for immediate payment of Project expenses, and 2 Will use those funds for payments of Project expenses no later than three (3) days after receipt, except as the Federal Government permits otherwise in writing,

Immediate Use. The RecipientRecipient agrees that: 1 Will It will not withdraw Federal funds until actually needed for immediate payment of Project expenses, and 2 Will It will use those funds for payments of Project expenses no later than three (3) days after receipt, except as the Federal Government permits otherwise in writing,.