Monitoring Advance Notices Clause Samples

Monitoring Advance Notices. Within thirty (30) days after the receipt of a Financial Commitment Report, ▇▇▇▇▇▇▇ Foundation may request by one or more written notices (each, a “Monitoring Advance Notice”) and Advocate (or an Affiliate of Advocate at the direction of Advocate) shall deliver immediately available funds within fifteen (15) days thereafter to ▇▇▇▇▇▇▇ Foundation in an aggregate amount not to exceed Five Hundred Thousand Dollars ($500,000) (each, a “Monitoring Advance”) to reimburse ▇▇▇▇▇▇▇ Foundation for its reasonable costs and expenses incurred in connection with the review of the Financial Commitment Report and enforcement of the provisions of this Agreement and Article X of the Affiliation Agreement; provided, however, that in no event shall the aggregate amount of the Monitoring Advances exceed Five Hundred Thousand Dollar ($500,000). At the end of the Term, the unused amounts of any Monitoring Advance(s) shall be returned to Advocate or the Affiliate of Advocate that has made such Monitoring Advances. Each Monitoring Advance must be deposited and maintained in a financial institution in an FDIC insured account (the “Monitoring Advance Account”). The ▇▇▇▇▇▇▇ Foundation will provide an annual report containing an accounting of expenditures from and the then current balance of the Monitoring Advance Account. During the Term, Advocate will be given reasonable access to the ▇▇▇▇▇▇▇ Foundation books and records to verify expenditures reimbursed from the Monitoring Advance Account. Additionally, the ▇▇▇▇▇▇▇ Foundation agrees that no portion of any Monitoring Advance will be used for any purpose other than reimbursement of expenses incurred in connection with the review of a Financial Commitment Report, including, but not limited to, the payment of taxes or costs to file informational or income tax returns.
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Related to Monitoring Advance Notices

  • Expectations Regarding Advance Notices Within ten (10) days after the commencement of each calendar quarter occurring subsequent to the commencement of the Commitment Period, the Company must notify the Investor, in writing, as to its reasonable expectations as to the dollar amount it intends to raise during such calendar quarter, if any, through the issuance of Advance Notices. Such notification shall constitute only the Company's good faith estimate and shall in no way obligate the Company to raise such amount, or any amount, or otherwise limit its ability to deliver Advance Notices. The failure by the Company to comply with this provision can be cured by the Company's notifying the Investor, in writing, at any time as to its reasonable expectations with respect to the current calendar quarter.

  • Advance Requests Borrower may request that Lender make an Advance by delivering to Lender an Advance Request therefor and Lender shall be entitled to rely on all the information provided by Borrower to Lender on or with the Advance Request. The Lender may honor Advance Requests, instructions or repayments given by the Borrower (if an individual) or by any Authorized Person.

  • Processing Redemption Requests You shall not purchase any share of any of the Funds from a record holder at a price lower than the net asset value next determined by or for the Funds’ shares. You shall, however, be permitted to sell any shares for the account of a shareholder of the Funds at the net asset value currently quoted by or for the Funds’ shares, and may charge a fair service fee for handling the transaction provided you disclose the fee to the record owner.

  • Advance Request To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least one (1) Business Day before the Closing Date and at least five (5) Business Days before each Advance Date other than the Closing Date) to Agent. The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.

  • Response/Compliance with Audit or Inspection Findings A. Grantee must act to ensure its and its Subcontractors’ compliance with all corrections necessary to address any finding of noncompliance with any law, regulation, audit requirement, or generally accepted accounting principle, or any other deficiency identified in any audit, review, inspection or investigation of the Grant Agreement and the services and Deliverables provided. Any such correction will be at Grantee’s or its Subcontractor's sole expense. Whether ▇▇▇▇▇▇▇'s action corrects the noncompliance shall be solely the decision of the System Agency. B. As part of the services, Grantee must provide to HHS upon request a copy of those portions of Grantee's and its Subcontractors' internal audit reports relating to the services and Deliverables provided to the State under the Grant Agreement. C. Grantee shall include the requirement to provide to System Agency (and any of its duly authorized federal, state, or local authorities) internal audit reports related to this Grant Agreement in any Subcontract it awards. Upon request by System Agency, Grantee shall enforce this requirement against its Subcontractor. Further, Grantee shall include in any Subcontract it awards a requirement that all Subcontractor Subcontracts must also include these provisions.