Funding Process Clause Samples
The Funding Process clause outlines the procedures and requirements for providing and receiving funds under an agreement. It typically details the steps for requesting funds, the documentation needed, timelines for disbursement, and any conditions that must be met before funds are released. For example, it may specify that a party must submit an invoice or progress report before payment is made. This clause ensures that both parties understand how and when funds will be transferred, reducing the risk of disputes and ensuring smooth financial operations throughout the contract.
Funding Process. The Charter School shall cooperate in any required processes to ensure the appropriate and timely reporting of data and the transfer of funds to the Charter School.
Funding Process. A. Ignite shall continue to originate Mortgage Loans in accordance with its historical practices. Ignite shall send a weekly report (a “Mortgage Loan Report”) to CMR presenting in reasonable detail Mortgage Loans identified by Ignite and that Ignite believes satisfy the investment criteria of CMR and are appropriate for investment by CMR (each, a “Potential Qualifying Loan”). CMR shall then have a period of two (2) business days from the date of such notice (an “Initial Election Period”) to elect to fund all or a portion of those Potential Qualifying Loans by delivering written notice to Ignite (each, a “Preliminary Funding Notice”). Each Preliminary Funding Notice shall constitute an offer by CMR to fund all or the specified portion of each Potential Qualifying Loan listed in such Preliminary Funding Notice upon the terms and conditions set forth in the Mortgage Loan Report as modified by any requested changes set forth in such Preliminary Funding Notice, with such changes thereto as CMR shall deem appropriate for its funding thereof. If CMR fails to deliver a Preliminary Funding Notice to Ignite prior to the expiration of the Initial Election Period, or if the Preliminary Funding Notices delivered by CMR does not include all of the Potential Qualifying Loans listed on the Mortgage Loan Report, then Ignite may arrange for the funding of all or any such portion, as the case may be, of the remaining Potential Qualifying Loans set forth in the applicable Mortgage Loan Report that were not selected by CMR through one or more other investment programs sponsored by Parent (each, a “Competitive Program”) or third parties.
B. No later than two (2) business days after its receipt of a Preliminary Funding Notice (an “Election Period”), Ignite may elect to accept any changes set forth in the applicable Preliminary Funding Notice that CMR requests be made to the terms of any Potential Qualifying Loan listed in such Preliminary Funding Notice. If Ignite rejects any of the modified terms requested by CMR, it may withdraw from the Preliminary Funding Notices each Potential Qualifying Loan with respect to which modified terms were requested and shall permit CMR to fund all or the specified portion of any remaining Potential Qualifying Loans listed on the Preliminary Funding Notices. If Ignite agrees to all modified terms requested by CMR in a Preliminary Funding Notice, then Ignite shall permit CMR to fund all or the specified portion of the Potential Qualifying Loan lis...
Funding Process. (a) The Commission shall allocate all funds approved by the Legislature for that fiscal year. NOTE: Authority cited: Sections 5001.5 and 5003, PRC. Reference cited: Sections 5090.24(d) and (f), and 5090.32, PRC.
Funding Process. The process documented in this JPPAAgreement and the Attachments hereto to identify and provide for the approval of any funding source for funding of Capital Improvements in the TYP, Capital RRADs, and other Functional Areas and related Work Plans, as provide herein. HQ Expenses. WAPA HQ office costs that get allocated to regions or power systems, costs and rate, through direct or indirect charging. The categories of such expenses shall cover costs associated with each Functional Area including, but not limited to:: indirect costs, including overhead costs; direct charges and direct allocations; the number of contract staff; costs related to independent consultants; the number of full-time equivalents; and a summary of any expenditures described in this paragraph, with the total amount allocated to each region and power system.
Funding Process. It is the sole responsibility of the Provider to submit accurate ‘Headcount Funding Claims’, supplementary Funding Claims, census returns, or other information and documentation as requested by the Local Authority, within the deadlines as notified to the Provider. • The Local Authority should not carry out audit regimes which are disproportionate or are unnecessarily burdensome to providers. • The Provider should ensure they submit timely and accurate information, including, but not limited to, headcount data, census data, parental declarations, and invoices, as per the financial guidelines of their Local Authority. Failure to do so may result in inaccurate, delayed, or suspended funding. • Responsibility is with the Provider to ensure claim information is correct and on time. The Local Authority reserves the right not to fund retrospective claims if a provider fails or submits an incorrect claim then it may result in a non- payment. • The Provider should maintain accurate financial and non-financial records relating to funded places and should give the Local Authority access on reasonable notice to all financial and non-financial records relating to places funded under the Provider agreement, subject to confidentiality restrictions.
Funding Process. No later than the end of business two (2) business days prior to funding Principal shall e-mail to Lender a final notice of closing and request for funds in the form attached as Exhibit A. Lender shall wire funds to a segregated account held in the name of Principal as agent for Lender and to be received by Principal no later than 12:00 noon CST/CDT on the day immediately preceding the specified funding date.
Funding Process. As set forth in the Extra Debit Card Cardholder Agreement, “Funding Source” means the funds we determine are available for spending in your linked external bank account ("Partner Account") subject to certain Transaction Limits in the Extra Debit Card Cardholder Agreement. You acknowledge and agree that the funds available to spend via the Debit Card are limited to the funds that we agree to debit from your Partner Account. Funds are only available for spending when we provide an authorization to the Issuing Bank. We will automatically evaluate the Extra Debit Payment Service (“EDPS”) (explained below in Section 1.e) when you: (1) attempt to authorize a transaction, or (2) incur a fee on your Debit Card. If there are funds available pursuant to the limit of your EDPS and you have not exceeded other Transaction Limits, we will instruct the Issuing Bank to approve your transaction. At the same time and in accordance with your authorization, we will initiate an automated clearing house (ACH) debit in the amount of the transaction and any associated fees from your Bank Account to the Partner Account. We will also inform the Issuing Bank that it can authorize your Debit Card transaction and provide funds to the Issuing Bank to fund your transaction. For details on this authorization, please see the Extra Debit Card ACH Authorization (Standing and Recurring) (“Extra's ACH Authorization”) at ▇▇▇▇▇://▇▇▇▇▇.▇▇▇/policies.
Funding Process. 1. Loans may be leveraged with SABDF, lenders, etc.
2. Closing Documents Prepared by Attorney & Title Company 1. Account Management
Funding Process. The Employer's agreement contained herein shall be payable out of current revenues and/or fund balance.
Funding Process. ▇. ▇▇▇▇▇▇ shall pay all costs for the Feasibility Analysis as and when due and seek reimbursement from WDFW and POS for completed work as set forth below.
b. Not more frequently than every thirty (30) days, Cruise shall provide WDFW and POS with an listing of those costs paid by Cruise during the preceding period, together with reasonable documentation of such costs, percentage completion of each component of the Cost and Feasibility Analysis, and anticipated cost to complete the Cost and Feasibility Analysis. ▇▇▇ agrees to pay Cruise a firm fixed total price (lump sum) of up to $83,000 in accordance with the mutually agreed upon milestone payment schedule of fees set forth below. In no case shall the total compensation exceed the sum set forth herein. WDFW and POS shall pay properly completed invoices within thirty (30) days. Draft Cost and Feasibility Study by [November 30th2021, $40,000 Final Cost and Feasibility Study by [December 31st2021 $43,000