Interim Performance Grant allocation Clause Samples

Interim Performance Grant allocation. In the event that any ULG shall have substantially utilized its annual allocation of the Performance Grant in any given Fiscal Year, and shall have established to the satisfaction of MWUD and the Association that it requires additional funding beyond such allocation in the same Fiscal Year, MWUD and the Association shall jointly consider the possibility of financing such additional need under the Project, on the basis of: (a) a revised Annual Action Plan; and (b) continued adherence to the established terms and conditions of the PPA.