Disbursement of the Grant Amount Clause Samples

Disbursement of the Grant Amount. 6.1 Grantee shall submit to YP the invoice after it has executed and completed the progressive stage of the Programme as set out in Attachment 2. 6.2 YP shall disburse to Grantee the relevant amount from the Grant Amount based on the invoice submitted under Clause 6.1, subject to YP receiving from Grantee a complete document certifying the completion of the whole or part of the Programme or particular items as set out in Attachment 2.
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Disbursement of the Grant Amount. All of the securities in the Grant Fund shall be sold in accordance with the Plan and Order and shall be sold in a manner and for a price such that the directors of the Foundation exercise their fiduciary responsibilities using the prudent man standard to maximize the proceeds thereof, and such proceeds shall become part of the Grant Fund. The Grant Amount shall be fifty percent (50%) of the Grant Fund and shall be disbursed over time by the Foundation to MCW in accordance with the following terms: (a) A disbursement shall be made each time the Foundation sells securities in the Grant Fund and such disbursement shall occur within ( ) days after such sale. Each disbursement shall be equal to fifty percent (50%) of the total proceeds of such sale plus fifty percent (50%) of any cash and/or other non-securities in the Grant Fund at such time. (b) All Cobalt Shares beneficially owned by the Foundation shall be sold, conveyed or otherwise disposed of by the Foundation in accordance with the provisions of that certain Voting Trust and Divestiture Agreement entered into by and among Cobalt Corporation, the Foundation, and that certain trustee named therein, dated , 2001. Pursuant to Section 1.3(a) hereof, the Grant Fund shall be completely disbursed within ( ) days after such final sale. (c) All disbursements to MCW shall be made via wire transfer of immediately available funds to the following account of MCW or such other account as MCW shall direct:
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Related to Disbursement of the Grant Amount

  • 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. SBA Loan #9602737402 Application #3300498906 ● 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. ● This Loan Authorization and Agreement will be binding upon B▇▇▇▇▇▇▇ and B▇▇▇▇▇▇▇’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

  • Disbursement of Advance Proceeds All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.

  • Reimbursement of the Underwriters’ Expenses If, after the execution and delivery of this Agreement, the Units are not delivered for any reason other than the termination of this Agreement pursuant to the fifth paragraph of Section 8 hereof or the default by one or more of the Underwriters in its or their respective obligations hereunder, the Company shall, in addition to paying the amounts described in Section 4(m), reimburse the Underwriters for all of their out-of-pocket expenses, including the fees and disbursements of their counsel.

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • Full Disbursement of Proceeds The Mortgage Loan has been closed and the proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage;