Application for Funds Sample Clauses

Application for Funds. The employee must fill in the Sectoral Skills Fund form. • The form must include all the requested information or it will not be accepted. • Funds will be provided only if the application was received prior to the start of the course date. • If for some reason the employee cannot attend the course and cannot receive a refund, the employee must provide these details in an email to the IUDC Office Manager stating the reasons why. The reasons must be reasonable and justifiable. • If the employee does not receive a passing grade to the course, the employee must still provide proof of completion. Subsequent failing grades submitted to the Office Manager will be shared with the committee may be taken into account when approving or denying future requests. • If the Office Manager does not receive these notification emails, the employee will no longer be eligible to receive any future funds. • The employee may put the completed course on their employee file with Human Resources by submitting proof of competition to their HR Advisor. Responsibility: Employee: • Initiate the request for funds and provide all the necessary details in order for it to be approved; • Provide proof of registration and payment for the course to the Office Manager; and • Provide proof of completion once the course has been completed. IUDC Office Manager Responsibility: • Receive request for funding and bring forth to the committee for approval; • Track and administer the details of all requests as well as the progress for completion; • Contact the employees as required; • Provide direction on the application process; • Maintain Sectoral Skills information; • Track completion of courses; • Provide the employee with the funds to pay for the course; • Administer and present the budget to the committee for review on a quarterly basis. These details can be requested for audit purposes at any time by the Company; • Ensure a full audit is conducted annually and results will be shared with the Company; and • Ensure funds are used for the sole purpose of this program and not transferred into other accounts for other purposes. Sectoral Skills Committee (SSC): • Will meet on a monthly basis, if there are applications to review: o Vote on all applications presented to the committee. All members must be present for the vote; a decision is reached by majority vote; o An application may be voted on via email by the committee. Committee members will email the IUDC Office Manager with their response; and o...
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Application for Funds. Part-time Faculty Members may apply for professional development funding through the University’s Center for Teaching and Learning. Part-time Faculty Members may not receive more than one (1) allotment each academic year from the Professional Development Fund.
Sample 1
Application for Funds. Funds necessary for the purchase of rail, electric cable, timber, and necessary equipment will be agreed upon and funded in advance. Twice monthly, Au Mining will submit an itemization with supporting documentation for all expenses incurred or to be expended, including labor, supply, utilities, workers compensation insurance, etc, and proof of timely payment as necessary for permits, assessments, etc., for the new development. Within ten (10) days of receipt of such itemization, LKA will disburse funds to Au Mining to meet all approved expenditures. In addition, Au Mining principals, Lance Barker and Ken Orvix, xxxx xx xaid $0,000.00 each, twice monthly, for their work in the new development until commercial mining commences.
Sample 1
Application for Funds. A. The Department is entering into this Agreement on the basis of, and in reliance on facts, information, assertions and representations contained in the Application and any subsequent modifications or additions thereto approved by the Department. The Application and any approved modifications and additions thereto are hereby incorporated into this Agreement. SAMPLE
Sample 1
Application for Funds. Part-time Faculty Members who have completed their probationary period may apply for professional development funding through the University's Center for Teaching and Xxxxxxx. Part-time Faculty Members may not receive more than one (1) allotment each academic year from the Professional Development Fund.
Sample 1

Related to Application for Funds

  • Application of Buydown Funds With respect to each Buydown Mortgage Loan, the Company shall have deposited into the Escrow Account, no later than the last day of the month, Buydown Funds in an amount equal to the aggregate undiscounted amount of payments that, when added to the amount the Mortgagor on such Mortgage Loan is obligated to pay on all Due Dates in accordance with the terms of the Buydown Agreement, is equal to the full scheduled Monthly Payments which are required to be paid by the Mortgagor under the terms of the related Mortgage Note (without regard to the related Buydown Agreement as if the Mortgage Loan were not subject to the terms of the Buydown Agreement). With respect to each Buydown Mortgage Loan, the Company will distribute to the Purchaser on each Remittance Date an amount of Buydown Funds equal to the amount that, when added to the amount required to be paid on such date by the related Mortgagor, pursuant to and in accordance with the related Buydown Agreement, equals the full Monthly Payment that would otherwise be required to be paid on such Mortgage Loan by the related Mortgagor under the terms of the related Mortgage Note (as if the Mortgage Loan were not a Buydown Mortgage Loan and without regard to the related Buydown Agreement). If the Mortgagor on a Buydown Mortgage Loan defaults on such Mortgage Loan during the Buydown Period and the Mortgaged Property securing such Buydown Mortgage Loan is sold in the liquidation thereof (either by the Company or the insurer under any related Primary Insurance Policy) the Company shall, on the Remittance Date following the date upon which Liquidation Proceeds or REO Disposition proceeds are received with respect to any such Buydown Mortgage Loan, distribute to the Purchaser all remaining Buydown Funds for such Mortgage Loan then remaining in the Escrow Account. Pursuant to the terms of each Buydown Agreement, any amounts distributed to the Purchaser in accordance with the preceding sentence will be applied to reduce the outstanding principal balance of the related Buydown Mortgage Loan. If a Mortgagor on a Buydown Mortgage Loan prepays such Mortgage Loan in its entirety during the related Buydown Period, the Company shall be required to withdraw from the Escrow Account any Buydown Funds remaining in the Escrow Account with respect to such Buydown Mortgage Loan in accordance with the related Buydown Agreement. If a principal prepayment by a Mortgagor on a Buydown Mortgage Loan during the related Buydown Period, together with any Buydown Funds then remaining in the Escrow Account related to such Buydown Mortgage Loan, would result in a principal prepayment of the entire unpaid principal balance of the Buydown Mortgage Loan, the Company shall distribute to the Purchaser on the Remittance Date occurring in the month immediately succeeding the month in which such Principal Prepayment is received, all Buydown Funds related to such Mortgage Loan so remaining in the Escrow Account, together with any amounts required to be deposited into the Custodial Account.

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

  • Application of Collections On each Payment Date, all collections for the related Collection Period shall be applied by the Servicer as follows:

  • Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

  • Application to Repayment Amounts (i) Subject to clause (ii) of this Section 5.2(c), the first proviso to Section 5.2(a)(i) and the first proviso to Section 5.2(a)(ii), (A) each prepayment of Term Loans required by Sections 5.2(a)(i) and (ii) (other than in connection with a Debt Incurrence Prepayment Event) shall be allocated to the Classes of Term Loans outstanding, pro rata, based upon the applicable remaining Repayment Amounts due in respect of each such Class of Term Loans (excluding any Class of Term Loans that has agreed to receive a less than pro rata share of any such mandatory prepayment and taking into account any reduction in the amount of any required Excess Cash Flow payment to any Class of Term Loans that have been subject to a Section 13.6(g) transaction), shall be applied pro rata to Lenders within each Class, based upon the outstanding principal amounts owing to each such Lender under each such Class of Term Loans and shall be applied to reduce such scheduled Repayment Amounts within each such Class in accordance with Section 5.2(d)(ii) and (B) each prepayment of Term Loans required by Section 5.2(a)(i) in connection with a Debt Incurrence Prepayment Event shall be allocated to any Class of Term Loans outstanding as directed by the Borrower (subject to the requirement that the proceeds of any Specified Debt Incurrence Prepayment Event shall in all cases be applied to prepay or repay the applicable Refinanced Indebtedness), shall be applied pro rata to Lenders within each such Class, based upon the outstanding principal amounts owing to each such Lender under each such Class of Term Loans and shall be applied to reduce such scheduled Repayment Amounts within each such Class in accordance with Section 5.2(d)(ii); provided that, with respect to the allocation of such prepayments under clause (A) above only, between an Existing Term Loan Class and Extended Term Loans of the same Extension Series, the Borrower may allocate such prepayments as the Borrower may specify, subject to the limitation that the Borrower shall not allocate to Extended Term Loans of any Extension Series any such mandatory prepayment under such clause (A) unless such prepayment is accompanied by at least a pro rata prepayment, based upon the applicable remaining Repayment Amounts due in respect thereof, of the Term Loans of the Existing Term Loan Class, if any, from which such Extended Term Loans were converted or exchanged (or such Term Loans of the Existing Term Loan Class have otherwise been repaid in full).

  • Application of Receipts Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 35.5 (Application of receipts; partial payments).

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