Common use of Payment Release Clause in Contracts

Payment Release. Funds shall not be released until ICEDC complies with all financial and performance measurements, requirements, and reporting; terms of contract or memorandum of understanding; and all deadlines. THIS EXECUTED AGREEMENT MUST BE RETURNED TO THE TOWN PRIOR TO ANY TOWN FUNDS BEING RELEASED.

Appears in 2 contracts

Sources: Technical Assistance Agreement, Technical Assistance Agreement