Disbursement Process Clause Samples

Disbursement Process. Grant award funds will be disbursed monthly. In order to receive disbursements, requests for disbursement and verification of continued eligibility must be submitted during February and August of each year and must be supported by documentation sufficient in the Authority’s determination to support payment. Incomplete documentation of continued eligibility due each February and August will cause the subgrantee to forfeit the next monthly disbursement of the respective semi-annual disbursement cycle (March-August or September-February). If the documentation is still insufficient 30 days after February 28 or August 31, the subgrantee will forfeit all six monthly disbursements for the respective semi-annual disbursement cycle. Missed disbursements cannot be made up and will revert to the Authority immediately. The request for disbursement must contain at least the information in substance and form of Exhibit B attached hereto. The Authority shall notify the Subgrantee in writing within seven (7) business days or as soon as practicable of any deficiencies or discrepancies in the request for disbursement. The Subgrantee shall not receive a disbursement until the Subgrantee corrects any such deficiencies or discrepancies. Funds are to be applied toward current costs at the time of disbursement; therefore, a delay in the processing of any disbursement will result in a loss of grant funds. Grant funds may not be applied retroactively. The Subgrantee’s expenditure of Grant funds for uses not described in the Subgrantee’s Application or the request for disbursement, or which deviate, without Authority authorization, in any category from the approved uses of Grant proceeds listed in the Commitment Letter and subject to the Authority’s Funding Resolution, may result in the suspension of subsequent Grant disbursements and may be deemed by the Authority to constitute an Event of Default hereunder. The amount of all ineligible Grant expenditures shall be immediately repaid to the Authority. If it is determined that funds are used for costs other than Eligible Costs, the Authority may suspend subsequent Grant disbursements. If warranted, the Authority may take action consistent with Article VIII of this Agreement.

Disbursement Process. Grantee shall complete and submit reimbursement requests as instructed by the Grantor, including providing documentation that evidences the credential has been completed and invoices and proofs of payment of related costs. The Grantee shall submit reimbursement requests no more than once every 30 days during the grant period or within six weeks of the credential being obtained. Grantor shall review the invoice information no later than thirty (30) days after receipt of the reimbursement request and corresponding source documentation. If Grantor determines the expenses identified in the reimbursement request and source documentation are eligible for reimbursement as part of the Project, Grantor shall disburse payment to Grantee. If Grantor determines all or a part of the expenses identified in the reimbursement request and source documentation are not eligible for reimbursement, Grantor shall immediately notify Grantee in writing of the deficiencies of the request.

Disbursement Process. The entire loan cycle to be completed through Truffle Money’s Mobile applications. It shall be deemed as disbursed once the loan amount or part of the loan amount is transferred from Truffle Money’s account.

Disbursement Process. Timely and accurately handle the Disbursement Process and associated accounting for all funding including receiving and reviewing discounted bills from service providers or seeking reimbursement from USAC or such other processes required as appropriate to access all funds awarded in the Funding Commitment Decision Letters received.

Disbursement Process. You may withdraw all or any of the balance of your Account at any time. To receive a withdrawal from your Account, you must instruct us to distribute funds, in writing, at the address indicated on the Disbursement Request Form, by using the web portal (▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇.▇▇▇/ or ▇▇▇▇▇://▇▇▇▇▇.▇▇▇/summit-dfs/.), or by using other procedures as we may from time to time specify (known collectively as the “Disbursement Process”). We may offer additional methods of Distributions such as a Credit or Debit Card at a future time without amending this Agreement. In the event that an HSA Debit Card (the “Card”) is issued to you, it will act as a method of Distribution. By signing, using or accepting the card, you agree that the use of the Card will be governed by the terms and conditions of this Agreement and the Cardholder Agreement supplied with the Card. The Card cannot be used at all Mastercard® acceptance locations. The Card may not be used to obtain a cash advance from any merchant, bank, or ATM. The use of the Card is restricted for use by yourself and qualified dependents and may only be used for qualified medical expenses as defined by the Code and acceptance of the Card by a merchant may not make a statement of the qualification of such charge as an eligible medical expense. All amounts charged on your Card will be paid by electronically deducting the corresponding amount from your Account and you authorize such deductions to be made in accordance with this Agreement and may not exceed the available cash on deposit, excluding investment account funds, if any, in your Account at the time of purchase. Your Administrator will establish the setup, monthly and other fees, if any, associated with the Card and will also establish if such fees, if any, will be deducted from your account, paid by your employer, or paid by you with non-Account funds. The availability of funds in your account may be subject to reasonable funds availability rules imposed by us. You may make Distributions from your Account up to the amount of your Account Balance. At no time may you withdraw more funds than are available in your Account. You are responsible for complying with all laws governing withdrawals, transfers, and taxes.

Disbursement Process. The Parties, i.e. Region 4, may collectively submit reimbursement claims to the E911 Board as needed; however, each Party is limited to only a single claim request per grant, per month. Receipt of reimbursement funds from the E911 Board is contingent on the timely and accurate submittal of funding requests. Requests for reimbursement of expenditures must be submitted on the approved Financial Reimbursement of Expenditures Form (Rule 60FF1-5.0035(4), F.A.C). Incomplete claim forms or claims not submitted on the correct form cannot be processed and will be returned for corrections. The Parties should submit reimbursement claims only for the amounts in each budget category in which the Parties, collectively, or the Party, individually, has incurred expenditures.

Disbursement Process. A. If the Court receives reimbursement from the Judicial Council for goods or services that are later disallowed by the Judicial Council, the Court will promptly refund the disallowed amount to the Judicial Council upon the Judicial Council’s request. At its option, the Judicial Council may offset the amount disallowed from any payment due or that may become due to the Court under this Agreement or any other agreement. EXHIBIT C GENERAL TERMS‌

Disbursement Process. Upon approval of the annual ODJFS administrative agreement and receipt of the annual funds, the county FCFC will receive a one-time advance payment, equal to up to 25% of the county FCFCs SFY 2022 total allocation amount.

Disbursement Process. Payment to the contractor (or owner in sweat equity situations) will be made upon completion of work. In the event a permit is not required for the project, a post installation inspection will be performed by CEE to verify the completion of the work. The following items must be received prior to final disbursement of funds: