Examples of Agreement Funding in a sentence
This Agreement, consisting of the executed Standard Agreement Coversheet, the Agreement Funding and Account Code Information Form, and all exhibits and attachments thereto, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous modifications, agreements, proposals, negotiations, representations, and commitments, both oral and written, between the parties.
Upon completion of this Funding Agreement, Funding Recipient’s performance will be evaluated by the State and a copy of the evaluation will be placed in the State file and a copy sent to the Funding Recipient.
Prior to payment made under this Agreement, Funding Recipient shall designate one financial institution or other authorized payment agent and shall complete the “EFT Vendor Payment Enrollment Form” attached hereto as Schedule I in order to provide the Commissioner of Finance with information necessary for Funding Recipient to receive electronic funds transfer payments through the designated financial institution or authorized payment agent.
In the event that the City commences any action or proceeding against Funding Recipient for or in connection with any Default or Event of Default on the part of Funding Recipient under this Agreement, Funding Recipient will not interpose any counterclaim of any nature whatever or description in any such action or proceedings unless such counterclaim is of a compulsory nature such that it would as a matter of common law be barred if not raised therein.
The State may also issue a unilateral Option Letter to simultaneously increase and decrease the total encumbrance amount of two or more existing Work phases, as long as the total amount of budgeted Agreement Funds remains the same, replacing the original Agreement Funding exhibit (Exhibit C) with an updated Exhibit C-1 (with subsequent exhibits labeled C-2, C-3, etc.).