Grant Commitment definition

Grant Commitment means that amount not to exceed the amount of the Grant which the Grantor is obligated to disburse to the Grantee pursuant to the terms and provisions of this Agreement and subject to the satisfaction of the conditions set forth in this Agreement, as such amount may be adjusted as provided in this Agreement.
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Grant Commitment means the approval of The Office of School Construction Grants and Review (“OSCG&R”) for authorization for a State grant commitment.
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Grant Commitment means a binding agreement to pay grant funds in a lump sum or in installments to an eligible applicant at some future time, but in no event shall any commitment be made later than June 30, 1987. For this purpose, commitments but not the total grant funds disbursed may exceed the allocation limitations established in section 7(c), section 7(d) and section 7(e)of the act with respect to the total aggregate amount available to the pollution control account in section 7(c)(1), section 7(c)(2), and the county allocations of the water supply systems account in section 7(d)(1) of the act for each fiscal year. For the purposes of these rules and regulations, the terms "commit," "committed" and "committing" shall convey the same meaning as the term "commitment."
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Examples of Grant Commitment in a sentence

  • Juveniles served by State Aid Grant Commitment Diversion funds shall meet the definition of Commitment Diversion Eligible Population as defined in the Contract.

  • One, two, and three year recidivism rates for all juveniles served by State Aid Grant Commitment Diversion funding in programs and post-adjudication placements.

  • Only juveniles meeting the definition of Commitment Diversion Eligible Population may be served by State Aid Grant Commitment Diversion funds.

  • In that event, upon the first Disbursement of Grant proceeds on the Exit #3 Proper Project, Eligible Costs of the Parkway Project North incurred by the City or Owner may be submitted to the Bank pursuant to the provisions in Article 6 of this Agreement for payment or reimbursement from the Parkway Project North Grant Commitment, the County Parkway North Deposit, and the Owner Parkway North Deposit on the three-way dollar for dollar matching basis as set forth in this Section.

  • Following the Bank’s expenditure on the Parkway North Grant Commitment on the dollar- for-dollar basis set forth above, the sources of funding set forth above in Section 3.2 A and B, below must be fully expended on the respective Projects before the Bank will be obligated to pay or reimburse Eligible Costs on the Exit #3 Proper Project from the Loan.

  • The Grantor may require, and the Grantee shall deliver, such certificates, documents, opinions and other evidence as the Grantor may deem necessary or advisable in connection with any such reduction in the Grant Commitment.

  • The Grant Commitment is subject to reduction in accordance with the provisions of this Section.

  • Prior to the final expenditure from the Parkway North Grant Commitment, the Project Sponsors, in cooperation with the Owner, shall determine if the funds needed to complete the Parkway North Project will exceed the total of the Parkway North Grant Commitment, the County Parkway North Deposit, Owner Parkway North Deposit and the Owner Parkway North Cost Overrun Deposit (as such term is defined below) set forth in Sections 3.2 A and B, below.

  • The portion of the Grant that may be drawn and disbursed on the Parkway North Project shall not exceed $4,991,806 (the “Parkway North Grant Commitment”) and shall be drawn on a three-way dollar for dollar matching basis from the Parkway North Grant Commitment and the County Parkway North Deposit (as such term is defined below) and Owner Parkway North Deposit (as such term is defined below) set forth in Sections 3.2 A and B, below, until the Parkway North Grant Commitment is expended.

  • The term of this Agreement shall commence on the Grant Closing Date and end on the Expiration Date, unless sooner terminated pursuant to Article IV of this Agreement, or the advance of the maximum amount of the Grant Commitment (as such amount may be reduced pursuant to Section 3.05), or by the mutual consent of the Grantee and the Grantor.


More Definitions of Grant Commitment

Grant Commitment means an agreement between the Applicant and the Agency wherein specified grant funds from the Program will be available to the Applicant to complete the Eligible Project within the required timeframe.
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Related to Grant Commitment

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).