Final Disbursement. Upon termination of this Agreement, EFI shall designate the final payment of the Consideration hereunder as the “Final Payment.” Contractor acknowledges that its acceptance of the Final Payment shall constitute full and complete release of EFI by Contractor from any and all claims, demands, and courses of action whatsoever that Contractor may have against EFI.
Final Disbursement. In order to be eligible for the final disbursement of funding (the “Final Disbursement”), the Recipient must: demonstrate to the IESO that it has spent the Second Disbursement in its entirety on Project Expenses through the submission of Proof of Payment in respect of the Second Disbursement amounts; demonstrate that it has spent the amount requested for the Final Disbursement in its entirety on Project Expenses through the submission of Proof of Payment in respect of the Final Disbursement amounts; and submit the following, in addition to any other Deliverables set out in Schedule D to this Agreement: a Request for Funding; the Final Report; and any other information the IESO may request, including any Check-In Reports, in its sole and absolute discretion. Subject to the IESO’s approval of the Request for Funding for the Final Disbursement, and provided that the Recipient is not in breach of any of its obligations under this Funding Agreement, the IESO will pay the Recipient the lesser of: the amount that is: 40% of the Maximum Funding Amount; or if the Second Disbursement was an amount that was less than 40% of the Maximum Funding Amount: 40% of the Maximum Funding Amount; plus an amount that represents the difference between the amount received under the Second Disbursement and 40% of the Maximum Funding Amount (the “Second Disbursement Top-up”); provided that the Recipient has provided the IESO with Proof of Payment for Project Expenses in respect of the Second Disbursement Top-up as part of the Request for Funding, and such Project Expenses were not covered by previous Disbursements; and the actual Project Expenses paid by the Recipient for the Deliverables that have not been covered by previous Disbursements. Payment Subject to Section 8.4(d), the IESO will not provide a Disbursement to the Recipient for any Request for Funding that was not approved by the IESO prior to the Contract End Date. Disbursements will only be made directly to the Recipient for Project Expenses. Where expenses have been (or, if applicable, will be) jointly incurred by a Recipient and a third party, the Disbursements will be paid to the Recipient only for the portion of the expense that the Recipient demonstrates to the IESO was (or, if applicable, will be) paid by the Recipient. Subject to Section 5.6(d), the IESO will pay the Recipient by electronic fund transfer, unless otherwise authorized in writing by the IESO. In a case where more than one Recipient is a party to the F...
Final Disbursement. The Final Disbursement shall be the Funding Amount as determined under Section 9 of this POA, less the Initial Disbursement. The City will pay to the Property Owner the Final Disbursement within a reasonable period of time following receipt of the Project Completion Report, as determined by the City. Any City payment will be made by cheque payable to the Property Owner.
Final Disbursement. The Final Disbursement is [AMOUNT] which is equal to the Funding Amount ([AMOUNT]) minus any Initial Disbursement ([AMOUNT)]. APPENDIX B1 SPECIAL CHARGE -- ESTIMATED The Special Charge (Estimated)1 is [AMOUNT]. The Special Charge (Estimated) was calculated as follows: Special Charge Term (years) Program Interest Rate (%) Estimated Funding Amount Cost of Borrowing Administrative Charge Special Charge (Estimated) The monthly payment amount of the Special Charge (Estimated) is [AMOUNT]. This amount is payable 11 times per year.
Final Disbursement. It is the intent of the parties hereto, that a minimum of Two Million Dollars ($2,000,000) be spent toward the Tenant Improvements, but there is no requirement that the Tenant Improvements be complete prior to final disbursement of the funds and closing of the account, provided all of such funds have been paid toward the Tenant Improvements.
Final Disbursement. Upon final completion of the Work and acceptance by the City, the Developer will submit to City a final Written Requisition for payment of all remaining sums. Retainage shall be disbursed to the Developer along with the final disbursement. Payment of the final payment is subject to the provisions of this Article VI. The Developer will deliver to City copies of unconditionalconditional final lien waivers executed by all subcontractors, suppliers or lien claimants along with the final Written Requisition together with the final payroll report and prevailing wage affidavit required by Section 5.2.
Final Disbursement. 5.3.1 Prior to making the final Advance, the conditions set forth in Sections 5.1, 5.2 and 5.4 (as applicable) and the following conditions shall have been satisfied, as determined by Bank:
Final Disbursement. Lender shall make the final disbursement of Loan proceeds (not including retainage) only upon substantial completion of the Work and Lender’s receipt of the following:
Final Disbursement. Any portion of a Program Fund Release which contains final hard costs shall only be funded upon the fulfillment of the following conditions precedent:
Final Disbursement. The final Disbursement of the proceeds of the Loan shall be conditioned on, in addition to those items listed in this Agreement, TDF's receipt, prior to authorizing or directing the Trustee to make such Disbursement, of written assurance satisfactory to TDF from TDF's Consultant to the effect that Construction of the Improvements has been completed, and any necessary utilities have been finished and made available for use, in accordance with the Plans.
