Grant advance definition

Grant advance means the portion of the grant award paid to the grantee after returning a signed grant agreement and prior to project implementation.
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Examples of Grant advance in a sentence

  • GRANTEE will return any Grant advance funds that exceed actual expenditures paid by GRANTEE and confirmed by invoices.

  • If the Contract is signed after the beginning of the Project implementation the Grant advance payment shall be paid within 15 working days after the Contract is signed by the last party to the Contract.

  • The Startup undertakes to ensure that, at least 14 days before the planned date of payment of the Grant advance, all or some members of the Startup’s management board (as indicated by the Accelerator) will enter into a guarantee agreement (in accordance with the draft provided by the Accelerator) under which they will commit to the Accelerator to fulfill the Startup’s obligation to repay the Grant advance if the Startup fails to do so.

  • The amount of the Grant advance payment shall be rounded down to the nearest Czech crown.

  • The Startup undertakes to deliver to the Accelerator, at least 14 days before the planned date of payment of the Grant advance, a statement of submission to enforcement in the form of a notarial deed made in accordance with Article 777 § 1 of the Civil Procedure Code.

  • In the event that the Startup fails to fulfill its obligation to establish additional securities and provide them to the Accelerator within the specified deadlines, the Grant advance will not be disbursed, and the Grant will be paid in the form of reimbursement.

  • The Grant advance payment shall be paid pursuant to the valid Contract within 15 working days from the beginning of Project implementation.

Related to Grant advance

  • Equipment Advance has the meaning set forth in Section 2.1.2.

  • Term Advance has the meaning specified in Section 2.01(a).

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.