Recipient funds definition

Recipient funds means the part of thenet amount financed that will be made availableto be given directly to the recipient. in the form of cash, check, or electronic funds transfer to an account the recipient controls. Recipient funds excludes,

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Recipient funds means the net amount to be given directly to the recipient in the form of cash, check, or electronic funds transfer to an account the recipient controls.

Recipient funds means the part of the amount financed that will be made available directly to the recipient or to a third party on the recipient’s behalf. Recipient funds excludes, without limitation, any part of the amount financed used to pay off other financings, funds paid to brokers and funds paid to other third parties on behalf of the financer.”

Examples of Recipient funds in a sentence

The Grantee will pay to the Recipient funds available under this Agreement based upon information submitted by the Recipient and consistent with any approved budget and Grantee policy concerning payments.
Separate Accounting of Funding Disbursements: Funding Recipient shall account for the money disbursed pursuant to this Funding Agreement separately from all other Funding Recipient funds.
It also outlines the sources of Recipient funds and confirms other information regarding the Project.
Separate Accounting of Funding Disbursements: Recipient shall account for the money disbursed pursuant to this Agreement separately from all other Recipient funds.
However, at the discretion of the Recipient, funds allocated to Management and Administration costs (as described in the “Proposed Program Budget”) may be put towards Programmatic costs instead.
It also outlines the sources of Recipient funds and confirms other pertinent information regarding the Project.
In reliance upon Recipient’s Application and covenant to comply with all local, state and federal laws, rules and regulations as set forth herein, County agrees to provide the Recipient funds in the amount of $75,000.00, the use of which shall be expressly limited to the Project and the activities described in the Application.
In reliance upon Recipient’s covenant to comply with all local, state and federal laws, rules and regulations as set forth herein, County agrees to provide the Recipient funds in the amount of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00), the use of which shall be expressly limited to the projects and activities described in Exhibit E.
The Department shall pay to Grant Recipient funds available under this Agreement based upon information submitted by Grant Recipient for allowable costs permitted under the Agreement and consistent with the Project Budget.
In reliance upon Recipient’s Application and covenant to comply with all local, state and federal laws, rules and regulations as set forth herein, County agrees to provide the Recipient funds in the amount of $74,700.00, the use of which shall be expressly limited to the Project and the activities described in the Application.

More Definitions of Recipient funds

Recipient funds means the amount given directly to the recipient by a provider in the form of cash, check, or electronic funds transfer to an account identified by the recipient. Recipient funds is calculated by taking the Funding Provided and deducting funds paid by the provider to third parties (including brokers), any portion of the Funding Provided used to pay off an outstanding balance of a pre- existing financing (either with the same provider or a third-party) and any other amounts deducted from the Funding Provided other than pre-paid finance charges. For the purpose of calculating recipient funds, if the provider does not know the actual amount to be paid to a third-party, the provider may rely on the amount the recipient identifies as being owed. Where the balance owed on an obligation may change over time, a provider may ignore a change in the balance that occurs after the initial disclosure is provided.4

Recipient funds means the part of the net amount financed that will be made

Recipient funds means the net amount to be given directly to the recipient in the form of cash, check, or electronic funds transfer to an account the recipient controls. Recipient funds excludes, without limitation, funds paid to brokers and funds paid to other third parties. (including brokers). Recipient funds also excludes any part of the amount financed used to pay off other financingsor pay down other amounts owed by the recipient, if known by the provider at the time the disclosure is provided. For the purposes of calculating recipient funds, where part of the amount financed will be used to pay off other financing(s),amounts owed by the recipient that may change over time, a provider may assume that the amountamounts due under the recipient’s other financing(s) isobligations are the amountamounts due at the time the disclosure is provided.