Disbursed funds definition

Disbursed funds means funds released by the Commission for payment to participants for completed and certified cost-share conservation practices.
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Examples of Disbursed funds in a sentence

  • Disbursed funds must be deposited in a depository having federal depository insurance.

  • Upon the occurrence of an event of default which remains uncured after the expiration of applicable notice and cure periods, or the Completion Date, disbursed proceeds of the Development Financing shall accrue interest at a rate of Fifteen Percent (15.0%) per annum, or the highest rate allowed by law, whichever is less, and the rental rate on the Initial Disbursed funds shall increase to Fifteen Percent (15.0%) per annum, or the highest rental rate allowed by law, whichever is less.

  • Disbursed funds will be for use for law enforcement related expenditures as indicated in the attached Appendix.

  • Upon the occurrence of an event of default which remains uncured after the expiration of applicable notice and cure periods, disbursed proceeds of the Development Financing shall accrue interest at a rate of Fifteen Percent (15.0%) per annum, or the highest rate allowed by law, whichever is less, and the rental rate on the Initial Disbursed funds shall increase to Fifteen Percent (15.0%) per annum, or the highest rental rate allowed by law, whichever is less.