CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS Clause Samples

The "Conditions to Disbursement of Funds; Disbursement Terms" clause defines the requirements that must be met before funds are released under an agreement and outlines the specific terms governing such disbursements. Typically, this clause lists prerequisites such as submission of certain documents, achievement of project milestones, or compliance with legal and contractual obligations. It also details the timing, method, and process for transferring funds once conditions are satisfied. The core function of this clause is to ensure that funds are only disbursed when agreed-upon criteria are met, thereby protecting the interests of the party providing the funds and reducing the risk of premature or improper payments.
CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. The obligation of IEDA to make, continue or disburse funds under this Contract shall be subject to the following conditions precedent:
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CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. Article 5.1 Documents Submitted Article 5.2
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CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. The obligation of IDED to make, continue or disburse funds under this Master Contract and the Funding Agreements shall be subject to the following conditions precedent:
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CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. Article 5.1 Documents submitted Article 5.2 Prior Costs Article 5.3 Cost Variation Article 5.4
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CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS. The Business must complete and sign the attached Certification (Exhibit B) and IRS W-9 form and submit these items, together with this Agreement and all other Verifying Information, as indicated in the Program’s cover letter. If you are unable to complete an IRS W-9 form with an EIN (not your social security number) because you are a sole- proprietor, please also submit Schedule C of IRS form 1040. Disbursements of the Award will be made upon ▇▇▇▇▇▇▇’s receipt and review of an executed original of this Agreement together with copies of all Verifying Information from the Business. Upon Grantor’s confirmation of all required documentation and determination of Award, the Award shall be directly deposited in the Business account specified in the applicant’s completed ACH form.
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Related to CONDITIONS TO DISBURSEMENT OF FUNDS; DISBURSEMENT TERMS

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent: 7.2.1 Agency has received sufficient funding, appropriations, expenditure limitation, allotments or other necessary expenditure authorizations to allow Agency, in the exercise of its reasonable administrative discretion, to make the disbursement from the Funding Source; 7.2.2 No default as described in Section 15 has occurred; and 7.2.3 Grantee’s representations and warranties set forth in Section 8 are true and correct on the date of disbursement(s) with the same effect as though made on the date of disbursement.

  • Disbursement of Funds (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender made available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Original Closing Date, such funds were made available at such earlier time as may be agreed among the Lenders, the Borrower and the Administrative Agent for the purpose of consummating the Transactions; provided further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time) on the date requested. (b) Each Lender shall make available all amounts it is to fund to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of Mandatory Borrowings and Borrowings to repay Unpaid Drawings) make available to the Borrower, by depositing to an account designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available in the applicable currency. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in the applicable currency. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. (c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to, fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder).

  • Disbursement of Funds to Eligible Grantees Funds will be disbursed monthly, in arrears.

  • Single Disbursement to Borrower Borrower shall receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.

  • Conditions to Initial Advances The agreement of Lenders to make the initial Advances requested to be made on the Closing Date is subject to the satisfaction, or waiver by Agent, immediately prior to or concurrently with the making of such Advances, of the following conditions precedent: