Common use of Application for Disbursement Clause in Contracts

Application for Disbursement. At least sixty (60) days prior to the month in which Developer projects it will need to make a draw against the Augmentation Grant Award, Developer shall submit to LAUSD a written itemized statement(s) signed by ▇▇▇▇▇▇▇▇▇ (“Application”) setting forth: I.1.1 the total amount projected to be incurred by Developer and to be paid for from the Augmentation Grant Award (each a “Disbursement”), and such Disbursement shall not be more than the amount reasonably estimated by Developer required to complete the projected work to be performed, material to be supplied and/or costs to be incurred or due for sixty (60) days after the Disbursement is released; I.1.2 an invoice in the form attached hereto as Exhibit J showing the projected work to be performed, material to be supplied and/or costs to be incurred or due in connection with the Project (and are reasonably incurred in connection with the Cost of the Project) and the specific time period for which Disbursement is requested; I.1.3 a Progress Report describing the portion of the Project that has been completed; I.1.4 an officer's certificate, signed by an officer of Developer, certifying to LAUSD that there is no default under the Lease or this Agreement and that Developer has sufficient funds (after taking into account Developer's receipt of the Disbursement that is the subject of the Application) for the Completion of Project Construction, along with a bank statement, dated not less than thirty (30) days before the date of such officer's statement, evidencing the availability of such funds; and I.1.5 the materials required to be delivered to LAUSD under Section

Application for Disbursement. At least sixty (60) days prior to the month in which Developer projects it will need to make a draw against the Augmentation Grant Award, Developer shall submit to LAUSD a written itemized statement(s) signed by ▇▇▇▇▇▇▇▇▇ (“Application”) setting forth: I.1.1 15.1.1 the total amount projected to be incurred by Developer and to be paid for from the Augmentation Grant Award (each a “Disbursement”), and such Disbursement shall not be more than the amount reasonably estimated by Developer required to complete the projected work to be performed, material to be supplied and/or costs to be incurred or due for sixty (60) days after the Disbursement is released; I.1.2 15.1.2 an invoice in the form attached hereto as Exhibit J showing the projected work to be performed, material to be supplied and/or costs to be incurred or due in connection with the Project (and are reasonably incurred in connection with the Cost of the Project) and the specific time period for which Disbursement is requested; I.1.3 15.1.3 a Progress Report describing the portion of the Project that has been completed; I.1.4 15.1.4 an officer's certificate, signed by an officer of Developer, certifying to LAUSD that there is no default under the Lease or this Agreement and that Developer has sufficient funds (after taking into account Developer's receipt of the Disbursement that is the subject of the Application) for the Completion of Project Construction, along with a bank statement, dated not less than thirty (30) days before the date of such officer's statement, evidencing the availability of such funds; and I.1.5 15.1.5 the materials required to be delivered to LAUSD under Section