Common use of Disbursement Amount Clause in Contracts

Disbursement Amount. County agrees to disburse moneys to Owner in the amount of the actual cost of the Improvements (the “Disbursement Amount”); provided the Disbursement Amount shall not exceed [Requested Disbursement Amount] Dollars ($[0.00]) (the “Maximum Disbursement Amount”). The SCEIP Program Administrator shall determine the Disbursement Amount on the basis of the best available written evidence of the actual cost of the Improvements and in the exercise of the Program Administrator’s reasonable judgment. The Program Administrator shall determine the Disbursement Amount following submission of required documentation by Owner that the Improvements have been completed according to the requirements of this Agreement. In the event the actual cost of the Improvements exceeds the Maximum Disbursement Amount, Owner shall be solely responsible for the payment of all costs to complete the Improvements described in the Application which exceed the Maximum Disbursement Amount, and Owner agrees in any event to complete the Improvements and to fund all additional costs over the amount of the Maximum Disbursement Amount.

Disbursement Amount. County agrees to disburse moneys to Owner in the amount of the actual cost of the Improvements (the “Disbursement Amount”); provided the Disbursement Amount shall not exceed [Requested Disbursement AmountREQUESTED DISBURSEMENT AMOUNT] Dollars ($[0.00]) (the “Maximum Disbursement Amount”). The SCEIP Program Administrator shall determine the Disbursement Amount on the basis of the best available written evidence of the actual cost of the Improvements and in the exercise of the Program Administrator’s reasonable judgment. The Program Administrator shall determine the Disbursement Amount following submission of required documentation by Owner that the Improvements have been completed according to the requirements of this Agreement. In the event the actual cost of the Improvements exceeds the Maximum Disbursement Amount, Owner shall be solely responsible for the payment of all costs to complete the Improvements described in the Application which exceed the Maximum Disbursement Amount, and Owner agrees in any event to complete the Improvements and to fund all additional costs over the amount of the Maximum Disbursement Amount.