Payment of Grant definition

Payment of Grant. The Grant shall be remitted to the Grantee into a designated bank account in the number of installments and at such time as specified in the Agreement. Payment of each installment of the Grant is subject to, including but not limited to: (a) receipt and acceptance by the Trustee (via the Intermediary) of reports as specified in the Agreement (i.e. reports on implementation of approved project and use of the Grant); (b) the Intermediary’s recommendation of payment of the installment by submission of a claim form; and (c) the Grantee’s compliance with its obligations under the Agreement.
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Examples of Payment of Grant in a sentence

  • Procedure for Payment of Grant Awards Before any funds are disbursed, an appropriations bill must be approved by the Legislature and signed by the Governor and a grant agreement must be executed.

  • Payment of Grant Funding shall be subject to receipt by the Council from the Grant Recipient of satisfactory Project/Service performance information in line with the performance measures set out within paragraph 7 of this Schedule.

  • Payment of Grant 3.1 The Grant shall be paid by the Scottish Ministers to the Grantee in accordance with the terms of Schedule 1 attached.

  • Payment of Grant FundsFunds will not be disbursed until there is a fully executed grant agreement between the State and the grantee.

  • To reclaim Disabled Facilities Grants and determine cases where the repayment should be waived in accordance with The Housing Grants, Construction and Regeneration Act 1996 and the Disabled Facilities Grant (Conditions Relating to Approval or Payment of Grant) General Consent 2008.

  • Notification and Payment of Grant Awards CAH will notify applicants of this grant program as to the results of their application by Monday, October 1, 2018 via (1) letter of conditional grant award, (2) letter of intention to award, (3) letter of ineligibility or (4) letter of denial.

  • See Attachment C (Supplemental Terms and Conditions) Section 3 (Compensation and Payment of Grant Funds) for additional requirements and restrictions on payment.

  • Payment of Grant FundsThe payment schedule will be established in the funding agreement for each project.

  • Payment of Grant FundsGrant funds are paid on a reimbursement basis for the actual eligible costs directly related to the implementation of the project as approved in the Contract.

  • Utilization and Payment of Grant Funds: Funds awarded are to be expended only for purposes and activities covered by the subrecipient’s approved project plan and budget.

Related to Payment of Grant

  • Notice of Grant means a written or electronic notice evidencing certain terms and conditions of an individual Option or Stock Purchase Right grant. The Notice of Grant is part of the Option Agreement.

  • Grant Agreement means the agreement entered into by the Parties, including the Signature Document, these Uniform Terms and Conditions, along with any attachments and amendments that may be issued by the System Agency.

  • Date of Grant means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • 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.

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

  • Stock Unit Agreement means the agreement between the Company and the recipient of a Stock Unit which contains the terms, conditions and restrictions pertaining to such Stock Unit.

  • RSU Agreement means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Award of Restricted Stock Units.

  • SAR Agreement means the agreement between the Company and an Optionee which contains the terms, conditions and restrictions pertaining to his or her SAR.

  • Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • PSU means Public Sector Undertaking

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

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

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.