Second Disbursement Sample Clauses

Second Disbursement. The second disbursement each year corresponding to xx% of the current year’s budget may be done after approval of the annual reports from the previous period.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Second Disbursement. Following Initial Disbursement, the City shall disburse further payments up to 90% of the total award when the following conditions have been met:
Sample 1Sample 2
Second Disbursement. In order to be eligible for the second disbursement of funding (the “Second Disbursement”), the Recipient must: demonstrate to the IESO that it has spent the First Disbursement in its entirety on Project Expenses through the submission of Proof of Payment in respect of the First Disbursement amounts. submit the following, in addition to any other Deliverables set out in Schedule D to this Agreement: a Request for Funding; an Interim Check-in Report as outlined in Schedule D; 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 Second 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 Second Disbursement in an amount equal to the amount requested by the Recipient in the Request for Funding, which amount shall not exceed the amount that is: 40% of the Maximum Funding Amount; or if the First Disbursement was an amount that was less than 20% of the Maximum Funding Amount: 40% of the Maximum Funding Amount; plus an amount that represents the difference between the amount received under the First Disbursement and 20% of the Maximum Funding Amount (the “First Disbursement Top-up”); provided that the Recipient has provided the IESO with Proof of Payment for Project Expenses in respect of the First Disbursement Top-up, and such Project Expenses were not covered by the First Disbursement.
Sample 1Sample 2
Second Disbursement. Provided that all other requirements prior to receiving any disbursements pursuant to this Agreement have been satisfied, the OOGEDT shall disburse to the Company the second half of Award disbursement in the amount of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000) (the “Additional Amount”) seven (7) months after the Effective Date, unless the Company demonstrates to the OOGEDT’s satisfaction that the disbursement of the Additional Amount should occur sooner based on significant completion of the commercialization milestones set forth on Exhibit C hereto. However, in no event shall the disbursement of the Additional Amount occur sooner than four (4) months after the Effective Date. Texas Emerging Technology Fund Award and Security Agreement
Sample 1
Second Disbursement. When Borrower has provided to Lender Evidence of Payment (as that term is defined below) that Borrower has paid from its own funds an amount equal to at least $2,079,931.00 for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement and that the entire amount of the Initial Disbursement has been expended for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement, Lender shall make a disbursement to Borrower in the amount of $5,000,000.00 (the “Second Disbursement”).
Sample 1
Second Disbursement. Subject to the conditions set forth in Section 5.2, each Lender holding a Second Disbursement Commitment severally but not jointly agrees to lend to the Borrower, at the option of the Borrower, on the Second Disbursement Date up to the principal amount set forth opposite such Lender’s name in Annex A under the heading “Second Disbursement Commitment” by making such amount available to the Borrower by wire transfer of such amount to an account or accounts designated in writing by the Borrower on the proposed date of funding. Amounts borrowed under this Section 2.1(b) are referred to as the “Second Disbursement.” Upon the earlier to occur of (i) the date of funding of the Second Disbursement by any Lender and (b) 5:00 p.m. on September 15, 2022, the remaining Second Disbursement Commitment amount, if any, of such Lender shall be automatically and simultaneously terminated.
Sample 1
Second Disbursement. On December 31, 2013 (the “Second Scheduled Disbursement Date”) so long as the Employment Condition is satisfied, $209,000 shall be paid to the Executive.
Sample 1
AutoNDA by SimpleDocs
Second Disbursement. Lender shall make the second Disbursement (the “Second Disbursement”) in the estimated amount not to exceed Fourteen Million Six Hundred Twenty Thousand and No/100 Dollars ($14,620,000.00) on or before February 28, 2011, provided that each of the following conditions has been satisfied on or before said date:
Sample 1
Second Disbursement. (a) In order to be eligible to submit a Request for Payment for the second disbursement (the “Second Disbursement”), the Recipient must demonstrate to the IESO that it has spent the First Disbursement in its entirety on Project Expenses, as evidenced by the submission of:‌
Sample 1

Related to Second Disbursement

  • Costs and Disbursements (a) Except as otherwise provided in this Agreement, a Recipient of Services shall pay to the Provider of such Services a monthly fee for the Services (or category of Services, as applicable) (each fee constituting a “Service Charge” and, collectively, “Service Charges”) as listed on the Schedules hereto.

  • Accounts and Disbursements The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only:

  • Attorneys' Fees and Disbursements If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party or parties shall be entitled to receive from the other party or parties reasonable attorneys’ fees and disbursements in addition to any other relief to which the prevailing party or parties may be entitled.

  • Additional Advances and Disbursements; Costs of Enforcement If any Event of Default exists, Mortgagee and each of the Lenders shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor in accordance with the Credit Agreement. All sums advanced and expenses incurred at any time by Mortgagee or any Lender under this Section, or otherwise under this Mortgage or any of the other Credit Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred if not repaid within five (5) days after demand therefor, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage. Mortgagor shall pay all expenses (including reasonable attorneys’ fees and expenses) of or incidental to the perfection and enforcement of this Mortgage and the other Credit Documents, or the enforcement, compromise or settlement of the Indebtedness or any claim under this Mortgage and the other Credit Documents, and for the curing thereof, or for defending or asserting the rights and claims of Mortgagee or the Lenders in respect thereof, by litigation or otherwise.

  • Deemed Disbursements Upon the occurrence and during the continuation of any Default under Section 8.1.9 or upon notification by the Administrative Agent (acting at the direction of the Required Lenders) to the Borrower of its obligations under this Section, following the occurrence and during the continuation of any other Event of Default,

  • Deposit and Disbursement Accounts Disclosure Schedule (3.19) lists all banks and other financial institutions at which any Credit Party maintains deposit or other accounts as of the Closing Date, including any Disbursement Accounts, and such Schedule correctly identifies the name, address and telephone number of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • Disbursement of the Loan Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

Time is Money Join Law Insider Premium to draft better contracts faster.