Reallocation of Funds definition

Reallocation of Funds means a transfer of funds between tasks, as presented in Exhibit “C” – Compensation, that does not result in a change to the original Agreement Scope of Services or Total Agreement Price.
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Reallocation of Funds. Due to the deadlines associated with expenditure of SLFRF Grant Funds, all funds must be obligated by COUNTY by December 31, 2024. COUNTY, at its sole discretion, may reallocate funds and reduce the compensation amount if SUBRECIPIENT has not obtained ARPA Office approval of projects by June 30, 2024.
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Examples of Reallocation of Funds in a sentence

  • Reallocation of Funds ESD may reallocate each project’s funds to another form of assistance, at an amount no greater than the amount approved, for the same project if ESD determines that the reallocation of the assistance would better serve the needs of the recipient and the state of New York.

  • Furthermore, the failure of an insurer to adhere to the statutorily mandatedtimeframe is itself a breach of contract.

  • Board of Governors May Allocate Allocation and Reallocation of Funds to for Particular Projects.

  • Reallocation of Funds: The JCMH permits up to 10% of funds to be reallocated within budget line-item categories without prior approval however, all reallocations must be approved by the JCMH Grants Administrator.

  • Any funds in the Account of a New Beneficiary may be used immediately, provided the funds have been on deposit in the original Beneficiary’s Account for the twenty- one (21) day period prescribed in Rule 1700-05-04-.06(1) below.(7) Limit on Reallocation of Funds Among Investment Options.

  • Student Success and Support Program Reallocation of Funds PolicyFunds returned to the Chancellor’s Office prior to the end of the fiscal year will be reallocated to those colleges requesting reallocated funds, based on the established priorities for the year.

  • Unspent funds returned for reallocation to colleges will be distributed based on demonstrated need, consistent with the Student Success and Support Program Reallocation of Funds Policy described below.

  • Reallocation of Funds: City reserves the right to unilaterally decrease funds allocated to Contractor in the event that the City determines that (i) Contractor has failed to provide adequate services as required in this Agreement, (ii) Contractor, based on its spending pattern as evidenced by invoices submitted, shall have unexpended funds at the end of the Term, or (iii) City determines that a reallocation of funds would better meet program objectives.

  • Reallocation of Funds - CIP permits up to 25% of funds to be reallocated within budget line-item categories without prior Commission approval however, all reallocations must be approved by the Children’s Commission Grants Administrator.

  • Reallocation of Funds Withheld from Mod Troubled PHAs. Any amounts which are not provided to the PHA under subparagraph D3 because of its Mod Troubled designation, shall be reallocated by HUD to other CGP agencies that are not designated as either Troubled or Mod Troubled under the PHMAP, and to CGP IHAs that have not been determined to be high risk for modernization in accordance with '950.135, at the time the formula was originally run for that FFY.

Related to Reallocation of Funds

  • 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).

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • Reallocation means a reclassification resulting from significant changes over a period of time in the duties and responsibilities of a position.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Administration Account As defined in Section 7.02.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.