Disbursement of Funds definition

Disbursement of Funds to Sub-Grantee: The available funds will be disbursed to Sub-Grantee for activities described in Item 3.d., below. Funds will be disbursed on a reimbursement basis. 50% of the funds provided must be expended by ____________ and 100% of the funds provided must be expended no later than ____________. If the local government determines that the Sub-Grantee has failed to make satisfactory progress in meeting the requirements of this Agreement or has otherwise failed to satisfactorily perform under the terms of this Agreement, the local government may terminate this agreement providing 10 days written notice to the Sub-Grantee for failure to comply with the terms of the agreement and/or the projected accomplishments defined in Attachment A. The Sub-Grantee, at the discretion of the City/County may provide a written plan to address the issues prepared by the Sub-Grantee and submitted to City/County for approval.
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Disbursement of Funds. Upon When the annuitant dies, the value of any unpaid Death of Annuitant Under installments will be paid, in one sum, to the Options 1, 3 or 5 owner. The commuted value based upon a minimum interest rate of not less than 2.50% will be paid. The commuted value of any variable installments will be determined by applying the annuity unit value next determined following our receipt of due proof of death.
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Disbursement of Funds. Credit A/C #_________________ Off Ck # _______________ Payoff Obligation #____________
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Examples of Disbursement of Funds in a sentence

  • In the event ▇▇▇▇▇▇ and AEI do not reach mutual agreement prior to the Initial Disbursement of Funds on the documents contemplated to be executed by either party hereunder by delivery of written notice to the other party, this Commitment may be terminated at the option of either party.

  • No Principal Forgiveness Funds shall be deposited into the Escrow Account or released until the applicable requirements and conditions in the TWDB Resolution and 31 TAC § 371.72, relating to Disbursement of Funds, are met.

  • AMOUNT AND TERMS OF CREDIT 43 2.1. Commitments 43 2.2. Minimum Amount of Borrowing; Maximum Number of Borrowings 43 2.3. Notice of Borrowing 44 2.4. Disbursement of Funds 44 2.5. Repayment of Loans; Evidence of Debt 45 2.6. Conversions and Continuations 46 2.7. Pro Rata Borrowings 47 2.8. Interest 47 2.9. Interest Periods 48 2.10.

  • Disbursement of Funds in Basic Sub-Accounts; Excess Property Income ......................................

  • AMOUNT AND TERMS OF CREDIT 2.1. Commitments 36 2.2. Minimum Amount of Each Borrowing; Maximum Number of Borrowings 39 2.3. Notice of Borrowing 39 2.4. Disbursement of Funds 40 2.5. Repayment of Loans; Evidence of Debt 41 2.6. Conversions and Continuations 41 2.7. Pro rata Borrowings 42 2.8. Interest 42 2.9. Interest Periods 43 2.10.

  • Amount and Terms of Credit Facility 33 2.01 The Commitments 33 2.02 Amount and Timing of Each Borrowing; Currency of Disbursements 33 2.03 Notice of Borrowing 34 2.04 Disbursement of Funds 35 2.05 Pro Rata Borrowings 36 2.06 Interest 36 2.07 Election of Floating Rate 37 2.08 Floating Rate Interest Periods 38 2.09 Increased Costs, Illegality, Market Disruption, etc.

  • Amount and Terms of Credit 83 2.1 Commitments 83 2.2 Minimum Amount of Each Borrowing; Maximum Number of Borrowings 86 2.3 Notice of Borrowing 86 2.4 Disbursement of Funds 88 2.5 Repayment of Loans; Evidence of Debt 88 2.6 Conversions and Continuations 90 2.7 Pro Rata Borrowings 91 2.8 Interest 91 2.9 Interest Periods 92 2.10 Increased Costs, Illegality, Replacement of LIBOR, Etc.

  • Amount and Terms of Credit 83 2.1 Commitments 83 2.2 Minimum Amount of Each Borrowing; Maximum Number of Borrowings 85 2.3 Notice of Borrowing 85 2.4 Disbursement of Funds 87 2.5 Repayment of Loans; Evidence of Debt 88 2.6 Conversions and Continuations 89 2.7 Pro Rata Borrowings 90 2.8 Interest 90 2.9 Interest Periods 91 2.10 Increased Costs, Illegality, Replacement of LIBOR, Etc.

  • Section C.9. Procurement and Disbursement of Funds Article D: Disbursements.

  • The State shall disburse Food and Lodging funds in accordance with § .2900 Restaurant and Lodging Fee Collection and Inventory Program, 15A NCAC 18A.2901 Disbursement of Funds, in the month following receipt of the signed, completed, and approved Food & Lodging Local Health Department Request for Payment Form (DPH EH 2948).


More Definitions of Disbursement of Funds

Disbursement of Funds. Credit A/C #_________ Off Ck #_________ Payoff Obligation #________ $_________ $_________ $________ ADDENDUM TO TERM NOTE DATED AS OF _____ EXECUTED BY CVC PRODUCTS, INC. IN FAVOR OF MANUFACTURERS AND TRADERS TRUST COMPANY This ADDENDUM to a certain Term Note, dated _________, is made by CVC PRODUCTS, INC. ("Borrower") in favor of MANUFACTURERS AND TRADERS TRUST COMPANY ("Bank"). This Rider is an integral part of the Term Note. Borrower represents and warrants to and agrees and covenants with the Bank now and until this Note is paid in full that the representations and warranties set forth in the Loan Agreement between Borrower and Bank dated March 31, 1998, which Loan Agreement was amended by letter amendments dated September 30, 1998 and February 19, 1999, as amended by Amendment to Loan Agreement dated September 22, 1999 ("Loan Agreement"), are true and correct as of the date hereof, and are reaffirmed as if fully set forth herein in full. or (b) any Event of Default occurs under the Loan Agreement, as the Loan Agreement is amended, extended or replaced from time to time.
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Disbursement of Funds. Not later than 10:00 A.M. (New York time) on the date specified in each Notice of Borrowing (or in the case of Competitive Bid Borrowings, not later than 10:00 A.M. (New York time) on the date specified pursuant to Section 1.04(b)), each Bank will make available its pro rata portion of each such Borrowing requested to be made on such date (or in the case of Competitive Bid Loans, each Bidder Bank participating in the respective Competitive Bid Borrowing will make available its share thereof). All such amounts shall be made available in Dollars and in immediately available funds at the Payment Office, and the Administrative Agent will make available to the respective Borrower at the Payment Office the aggregate of the amounts so made available by the Banks. Unless the Administrative Agent shall have been notified by any Bank prior to the date of Borrowing that such Bank does not intend to make available to the Administrative Agent such Bank's portion of any Borrowing to be made on such date, the Administrative Agent may assume that such Bank has made such amount available to the Administrative Agent on such date of Borrowing and the Administrative Agent may, in reliance upon such assumption, make available to the respective Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Bank, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Bank. If such Bank does not pay such corresponding amount forthwith upon the Administrative Agent's demand therefor, the Administrative Agent shall promptly notify the respective Borrower and such Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover on demand from such Bank or such Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to such Borrower until the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if recovered from such Bank, the overnight Federal Funds Rate and (ii) if recovered from such Borrower, the rate of interest applicable to the respective Borrowing, as determined pursuant to Section 1.09. Nothing in this Section 1.05 shall be deemed to relieve any Bank from its obligation to make Loans hereunder or to prejudice any rig...
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Disbursement of Funds. The funds identified in the approved Individual Plan and Budget (IP&B) will only be used to pay for actual services rendered. All payments will be made through a Fiscal Management Service under contract with the DDA. The Fiscal Management Service I selected is General Responsibilities:
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Disbursement of Funds. The Donor shall disburse the Donated Funds to the Donee within [number] days from the signing of this Agreement.
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Related to Disbursement of Funds

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • Disbursement Agreement means that certain Disbursement Agreement by and between the Disbursement Agent and the Buyer, dated as of the date hereof, setting forth the terms pursuant to which the Disbursement Agent shall disburse funds related to Wet-Ink Mortgage Loans.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).