Restrictions on Disbursements. No money under this Agreement shall be disbursed by the Contractor to any Sub-Contractor except pursuant to a written contract which incorporates the applicable requirements of this Contract and Grantor’s regulations and unless the Sub-Contractor is in compliance with Grantor’s requirements for applicable accounting and fiscal matters.
Restrictions on Disbursements. No money under this Contract shall be disbursed by the City to any Contractor except pursuant to a written contract which incorporates the applicable PART II, Supplementary General Conditions for Federally, State of Minnesota, and/or City Assisted Activities, and unless the Contractor is in compliance with the Federal Agency requirements with regard to accounting and fiscal matters to the extent they are applicable.
Restrictions on Disbursements. Grantee shall use the Grant Amount only for costs specifically included in the Work Program or Project Budget, or otherwise approved by MOH/OEWD in writing. Without limiting the foregoing, under no circumstances shall the Grant Amount be used for any of the following:
Restrictions on Disbursements. The Corporation shall use the Grant Amount only for costs specifically included in the Work Program or Project Budget, or otherwise approved by MOH in writing. Without limiting the foregoing, under no circumstances shall the Grant Amount be used for any of the following:
Restrictions on Disbursements. Notwithstanding anything herein to the contrary, but subject to Section 3.9(b)(i) above: (i) except with respect to disbursements to fund Shortfalls under Sections 3.2(b)(i) through 3.2(b)(iv) above (as to which the following minimum balances do not apply), Borrower shall at all times maintain a minimum balance in the Working Capital Reserve Account equal to (x) $2,000,000 from the Modification Closing Date until June 30, 2011, (y) $3,500,000 from July 1, 2011 until June 30, 2012, and (z) $5,000,000 from July 1, 2012 until the Indebtedness is paid in full, and Borrower shall have no right to request or receive disbursements (other than to fund Shortfalls under Section 3.2(b)(i) through 3.2(b)(iv) above) that would cause the balance in the Working Capital Reserve Account to drop below the foregoing applicable minimum balance (unless Lender consents to such disbursements in its sole discretion); and (ii) once a Sweep Amount is determined, such Sweep Amount may not be withdrawn from the Working Capital Reserve Account until it is applied to principal on the Sweep Date pursuant to Section 2.2(b) of the Third Omnibus Amendment (although, for purposes of clarification, other funds in the Working Capital Reserve Account in excess of the Sweep Amount may continue to be withdrawn as provided herein).
