ACP Grant definition

ACP Grant means the Cooperative Agreement dated June 12, 2012 (as amended) whereby the DOE agrees to reimburse the Parent for 80% of the ACP Expenditures incurred by the Parent during a specified period, which reimbursement arrangement shall provide for (a) a direct cash payment to the Pledgor or Parent from the DOE, (b) a release of liabilities that enables the Pledgor or Parent to receive cash proceeds (including the release of cash pledged to secure (x) surety bonds, (y) letters of credit or (z) other like instruments) or (c) another form of asset transfer that enables the Parent to receive cash proceeds (including the release of cash pledged to secure (x) surety bonds, (y) letters of credit or (z) other like instruments).
Sample 1Sample 2Sample 3
ACP Grant means an arrangement between the DOE and the Credit Parties pursuant to documentation reasonably acceptable to the Administrative Agent whereby the DOE agrees to reimburse the Borrowers for 80% of the ACP Expenditures incurred by the Borrowers during a specified period, which reimbursement arrangement shall provide for (a) a direct cash payment to the Borrowers from the DOE, (b) a release of liabilities that enables the Borrowers to receive cash proceeds (including the release of cash pledged to secure (x) surety bonds, (y) letters of credit or (z) other like instruments) or (c) another form of asset transfer that enables the Borrowers to receive cash proceeds (including the release of cash pledged to secure (x) surety bonds, (y) letters of credit or (z) other like instruments), and which reimbursement arrangement shall meet each of the following conditions: (i) such transaction does not constitute or otherwise involve the incurrence of indebtedness or the issuance of any equity interest by any Credit Party and (ii) no Credit Party has any obligation to repay, refund or return such cash grant to the DOE, except to the extent such Credit Party has received any amounts in error or in violation of the terms of the ACP Grant.
Sample 1

Examples of ACP Grant in a sentence

  • To ensure full transparency regarding any subrecipient, the ACP Grant Program Second Report and Order (FCC 22-64) also requires that grantees who are pass-through entities must inform the FCC of which subrecipients they use as well as the amount of each subaward.

  • Pursuant to 45 CFR Part 1.1910 and the ACP Grant Program Second Report and Order (FCC 22-64), the ACP Outreach Grant Program will be subject to the Red Light Rule that the Commission implemented to satisfy the requirements of Debt Collection Improvement Act of 1996.

  • The following funding restrictions, allowable, and unallowable costs are guided by the ACP Outreach Grant Program ACP Grant Program Second Report and Order.

  • The applicant also agrees to comply with the requirements set forth in the ACP Grant Program Second Report and Order (FCC 22-64), 47 CFR Part 54, and 2 CFR, Subtitle B, Part 6000.

  • The ACP Grant Program Second Report and Order approved by the FCC directs CGB to develop, administer, and manage the grant program, with a focus on reaching historically underserved communities.

  • Pledgor will, in accordance with sound business practices, maintain all Equipment and Eligible Inventory held by it or on its behalf in good repair and working and saleable or useable condition, except for ordinary wear and tear in respect of the Equipment; provided, that the foregoing shall not restrict or prohibit the Paducah Transition or the transactions contemplated by the ACP Grant.

  • The ACP Grant Program Second Report and Order approved by the FCC directs CGB to develop, administer,and manage the grant program, with a focus on reaching historically underserved communities.

  • The FCC grant recipient or pass-through entity must require all subrecipients to comply with the terms and conditions of the ACP Outreach Grant Program’s award, including applicable provisions of the Office of Management and Budget (OMB) Uniform Guidance (2 CFR Part 200), all associated Terms and Conditions set forth herein, the ACP Grant Program Second Report and Order (FCC 22-64), 47 CFR Part 54, and 2 CFR, Subtitle B, Part 6000.

  • For FY 2023, the FCC will award NCOP funds based on four factors:• Eligibility• Allocation minimums pursuant to the ACP Grant Program Second Report and Order;• Merit-based review of application submissions; and• Risk assessment to confirm the financial stability and overall operational capacity of the applicant.

  • The following funding restrictions, allowable costs, and unallowable costs are guided by the ACP Outreach Grant Program, the ACP Grant Program Second Report and Order and Your Home, Your Internet Third Report and Order.

Related to ACP Grant

  • Sub-grant means a grant made or proposed to be made by the Recipient to a Beneficiary out of the proceeds of the Financing for the purpose of financing a Subproject; and “Sub-grants” means more than one such Sub-grant.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Other Stock Award Agreement means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Restricted Stock Plan means either the RPM International Inc. 1997 Restricted Stock Plan or the RPM International Inc. 2007 Restricted Stock Plan and any successor plan or arrangement to either of such plans, but shall not be deemed to mean or include the Omnibus Plan.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Grant Award The Provider is required to match the grant award as required in the rules implementing the Federal Victims of Crime Act. Match contributions equal to 20 percent (cash or in-kind) of the total cost of each VOCA project (VOCA grant funds plus match contributions) must be reported monthly to the OAG. All funds designated as match contributions are restricted in the same manner and to be expended for the same uses as the VOCA victim assistance grant funds and must be expended within the grant period. Unless otherwise approved by the OAG, match contributions must be reported on a monthly basis in an amount consistent with the amount of funding requested for reimbursement.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.