Recapture of Funds definition

Recapture of Funds. COUNTY reserves the right to recapture SLFRF Grant Funds provided to SUBRECIPIENT under the following circumstances:

Examples of Recapture of Funds in a sentence

  • Recapture of Funds If I receive any payment in excess of what is owed to me in funds paid directly to me as the eligible tenant, I shall immediately return the excess funds to HCD.

  • Recapture of Funds: SUBRECIPIENT shall be liable to TWC for all funds advanced or paid under this SUBAWARD.

  • By introducing lotteries a second dimension to trade is added which allows agents to signal their type, should they chose to.

  • Recapture of Funds – Noncompliance:If the homeowner fails to meet any program eligibility requirements or contractual obligations of the Forgivable Promissory Note, the homeowner will be determined to be in a state of noncompliance, and DOH will seek to recapture funds.

  • Assist the resident battalion’s MLO Division Officer to prepare the Estimate at Completion (EAC) and Recapture of Funds Reports prior to submission.

  • Conditions for Recapture of Funds from a SubrecipientSubrecipients are at risk for recapture of previously paid GOSR funds if GOSR identifies subrecipient non-compliance with GOSR policies and/or CDBG-DR regulations.

  • Recapture of Funds All rental projects are subject to an affordability period as defined in Section I (Qualifications as Affordable Housing) of this document.

  • Recapture of Funds If I receive any payment in excess of what is owed to me, I shall immediately return the excess funds to the Program.

  • The City of Wilmington is not currently refinancing debt secured by multifamily housing that is being rehabilitated with HOMEfunds.Subject: Recapture of Funds for HOME-Assisted Homeownership Housing In FY2012-13 HUD Field Office staff reviewed the City of Wilmington Recapture/Resale Policy in accordance with federal regulations.

  • CDBG that the continuation of the program is infeasible or would not produce beneficial results 13Evidence of fraud or abuse or need to safeguard public funds 14Serious or repeated failure to comply with federal, state or local laws 14Seriously deficient grantee performance 15Process for Recapture of Funds 16Grant Close-Out 17Grantee Actions During Close-Out 17Prepare the Final Quarterly Report.

Related to Recapture of Funds

  • 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;

  • 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).

  • Levy reduction funds means increases in state funds from

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Call-Off Agreement means a legally binding agreement (entered into pursuant to the provisions of this Framework Agreement) for the provision of the Services made between a Contracting Body and the Supplier pursuant to Framework Schedule 5 (Call Off Procedure);

  • Cost of Funds means, with respect to any Interest Accrual Period, the amount of interest accrued during such Interest Accrual Period on the outstanding Advances at the Cost of Funds Rate.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • 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:

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Non-Fund means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Escrow Fund has the meaning ascribed to it in Section 7.2(a).

  • Funds means financial assets and benefits of every kind, including, but not limited to:

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.