Funding Process Sample Clauses
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. CMCS shall continue to originate Mortgage Loans in accordance with its historical practices. CMCS shall send a weekly report (a “Mortgage Loan Report”) to CMR presenting in reasonable detail Mortgage Loans identified by CMCS and that CMCS 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 CMCS (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 CMCS 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 CMCS 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”), CMCS 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 CMCS 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 CMCS agrees to all modified terms requested by CMR in a Preliminary Funding Notice, then CMCS shall permit CMR to fund all or the specified portion of the Potential Qualifying Loan listed in the Preliminary...
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. (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. 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. 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. The Employer's agreement contained herein shall be payable out of current revenues and/or fund balance.
Funding Process. Upon receipt of the Financing Documents and satisfaction of all Funding Conditions, EFC shall, in the case of a Loan make the Loan and fund it by transmitting the Loan amount to Participant on behalf of the Consumer or, in the case of the purchase of a RISC, by transmitting to Participant the RISC purchase price established in accordance with the applicable Financing Program. EFC, in its sole discretion, reserves the right to determine how to pay the Participant in connection with a Loan or a RISC (e.g., check or ACH).
Funding Process. On the Business Day following the approval of the Bankruptcy Petition by the Bankruptcy Court, Purchaser shall, or shall cause its parent company or other affiliate, as applicable, to initiate the process to transfer funds sufficient to pay the Purchase Price at Closing, including obtaining requisite corporate, banking, and regulatory approvals, and shall fund such account as soon as feasible.
Funding Process. The process documented in this JPPA 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.