Requirements for Disbursement. Insurance proceeds paid pursuant to the policies of insurance for loss of or damage to the Premises as a result of a Casualty (the “Insurance Proceeds”) shall be paid to StadCo, as restoring party, from time to time as such Casualty Repair Work progresses as provided in this Article 12. Insurance Proceeds paid or disbursed to StadCo shall be held by StadCo in trust for the purposes of paying the cost of the Casualty Repair Work and shall be applied by StadCo to such Casualty Repair Work or otherwise in accordance with the terms of this Article 12. StadCo shall from time to time as requested by the Authority or any Leasehold Mortgagee provide an accounting to such other party of the Insurance Proceeds in detail and format reasonably satisfactory to such other party.
Requirements for Disbursement. Insurance proceeds paid pursuant to the policies of insurance for loss of or damage to the Premises as a result of a Casualty (the “Insurance Proceeds”) shall be paid to Bristol, as restoring party, from time to time as such Casualty Repair Work progresses as provided in this Section 16. Insurance Proceeds paid or disbursed to Bristol shall be held by Bristol in trust for the purposes of paying the cost of the Casualty Repair Work and shall be applied by Bristol to such Casualty Repair Work or otherwise in accordance with the terms of this Section 16. Bristol shall from time to time as requested by the Fair Board provide an accounting to such other party of the Insurance Proceeds in detail and format reasonably satisfactory to such other party.
Requirements for Disbursement. The Grantee shall meet all conditions precedent to the disbursement of money under this Agreement, including filing an XXX pursuant to Paragraph 6, and Basic Conditions, Paragraph 11. Failure by the Grantee to comply may, at the option of DWR, result in termination of the Agreement. DWR shall have no obligation to reimburse funds under this Agreement unless and until the disbursement is in accordance with requirements of Proposition 1E. For disbursements of funds for the Project, the Grantee shall continue to meet the Basic Conditions stated in Paragraph 11.
Requirements for Disbursement. Project Sponsor acknowledges and accepts that, under the State Agreement, BACWA, by and through the Participating Water Entities, including Project Sponsor, will be required by the State Agreement to, by (DATE) , meet all conditions precedent to the disbursement of money under the State Agreement, including Basic Conditions, Paragraph 31. Project Sponsor acknowledges and accepts that failure by XXXXX, by and through the Participating Water Entities, including Project Sponsor, to comply with this date may, at the option of DWR, result in termination of the State Agreement and, by implication, this Implementation Agreement. For disbursements of State Grant funds for Project, Project Sponsor shall continue to meet the Basic Conditions, Paragraph 31, as well as the Conditions for Disbursement, Paragraph 32.
Requirements for Disbursement. Grantee shall, by <DATE within 6 months of grant execution>, meet all conditions precedent to the disbursement of money under this Grant Agreement, including Basic Conditions, paragraph 12 for at least one project in this grant agreement. Failure by Grantee to comply by this date may, at the option of State, result in termination of the Grant Agreement under Standard Conditions D-32 of this Grant Agreement. For disbursements of funds for each project, Grantee shall continue to meet the Basic Conditions as well as the Conditions for Disbursement for Construction, paragraph 16.
Requirements for Disbursement. Recipient shall meet all conditions precedent to the disbursement of money under this Agreement, including Acceptable Conditions, paragraph 14. Failure by Recipient to comply may, at the option of State, result in termination of the Agreement under Exhibit C, General Terms and Conditions. State shall have no obligation to reimburse money under this Agreement unless and until the disbursement is in accordance with requirements of the California Disaster Preparedness and Flood Prevention Bond Act of 2006. For disbursements of funds for the project, Recipient shall continue to meet the Acceptable Conditions stated in Paragraph 14.
Requirements for Disbursement. 2 8. Relationship of Parties Hereto.......................... ............. ............. .............. ............. ............. 2 9. Permits, Licenses, Approvals and Legal Obligations……………………………………… ......... 2
Requirements for Disbursement. The Local Public Entity shall meet all applicable conditions precedent to the disbursement of money under this Contract, including Basic Conditions Precedent under Article A-3 of the Standard Conditions. Failure by the Local Public Entity to comply with this requirement may, at the option of the State, result in termination of the Contract under Article A-26 of the Standard Conditions.
Requirements for Disbursement. Insurance proceeds paid pursuant to the policies of insurance for loss of or damage to the Improvements (herein sometimes referred to as the “Insurance Proceeds”) shall be paid and delivered to the Persons specified in Section 11.7. Except as provided in Subsection 14.2.3 and Subsection 14.2.4 below, the Insurance Fund shall be applied to the payment of the costs of the Casualty Repair Work and shall be paid out to or for the account of Licensee, as applicable, from time to time as the Casualty Repair Work progresses. The Stadium Fund Custodian shall make disbursements of Insurance Proceeds out of the Insurance Fund upon the request of Licensee when accompanied by a certificate dated not more than fifteen (15) days prior to such request, signed by a Licensee Representative of Licensee, and, to the extent an architect, engineer or construction manager is reasonably required to be retained with respect to the nature of the Casualty Repair Work being performed, by a qualified architect, engineer or construction manager in charge of the Casualty Repair Work selected by Licensee subject to applicable Governmental Rule as such relates to procurement matters, setting forth the following:
Requirements for Disbursement. Before making any disbursement of funds from a cash escrow, Escrow Agent shall notify the General Partner and the UPREIT in writing of its intended action at least five (5) days in advance, and in the event it shall, within such 5 day period, receive written notice of objection from a party, Escrow Agent shall take no further action unless pursuant to joint written instructions of the General Partner and the UPREIT or pursuant to a court order.
