Schedule of Reimbursement Clause Samples
The Schedule of Reimbursement clause defines the timing, amounts, and conditions under which payments or reimbursements will be made between parties. Typically, it outlines a detailed timetable or milestones for when expenses will be reimbursed, specifying eligible costs and required documentation for claims. This clause ensures both parties have a clear understanding of financial obligations and helps prevent disputes over payment timing or amounts.
Schedule of Reimbursement. The Commission agrees to make available to the Applicant a sum of money not to exceed that identified in the Commission's Entry in Case No. 22-109-TR-UNC under the terms and conditions described therein. All moneys granted to the Applicant under this Agreement, including interest income from the deposit of said moneys, if any, are to be used solely for the express purpose set forth in Applicant's application for grant. In no event shall said moneys be used for any other purpose than that described in this Agreement. The Applicant shall not pledge said moneys as security for any other loan or debt of any kind other than that described in this Agreement. If said money and interest income is not so used, it shall be returned to the Commission. In the event that the total amount of the grant exceeds the cost of the project during the term of this Agreement, the remaining moneys shall be returned to the Commission. All expenses must be incurred prior to June 30, 2023 and all invoices for said expenses must be received by the Commission no later than September 30, 2023. EXPENSES MUST FIRST BE INCURRED AND PAID BY THE APPLICANT PRIOR TO SUBMITTING TO THE COMMISSION A REQUEST FOR REIMBURSEMENT. ALL EXPENSES MUST BE PROPERLY DOCUMENTED WITH VENDORS' BILLS, PURCHASE ORDERS, COPIES OF CANCELED CHECKS, OR OTHER EVIDENCE OF PAYMENT AS REQUIRED BY THE COMMISSION. ALL REQUESTS FOR REIMBURSEMENT MUST BE ACCOMPANIED BY SUPPORTING DOCUMENTATION, INCLUDING INVOICES FROM VENDORS, PURCHASE ORDERS, CANCELED COPIES OF CHECKS MADE PAYABLE TO VENDORS, LISTS OF COURSE PARTICIPANTS, AND A PUCO EXPENSE SUMMARY SHEET FOR EACH COURSE.
Schedule of Reimbursement. In accordance with the reimbursement method described in Section 3.5.2 of this Agreement and if such funds are allocated, City shall reimburse Century Club as such funds are allocated and made available.
Schedule of Reimbursement. 14.1 Not Applicable.
Schedule of Reimbursement. This grant provides cost-reimbursement without profit. The Commission agrees to reimburse Applicant for costs properly incurred for the express purpose set forth in Applicant's application for the grant. Total reimbursements shall not exceed the total grant as identified in the Commission's Entry. Reimbursements are subject to the terms and conditions set forth in the Commission’s Entry. All expenses must be incurred prior to January 1, 2026 and all invoices for said expenses must be received by the Commission no later than March 1, 2026. EXPENSES MUST FIRST BE INCURRED AND PAID BY THE APPLICANT PRIOR TO SUBMITTING TO THE COMMISSION A REQUEST FOR REIMBURSEMENT. ALL EXPENSES MUST BE PROPERLY DOCUMENTED WITH VENDORS' BILLS, PURCHASE ORDERS, COPIES OF CANCELED CHECKS, OR OTHER EVIDENCE OF PAYMENT AS REQUIRED BY THE COMMISSION. ALL REQUESTS FOR REIMBURSEMENT MUST BE ACCOMPANIED BY SUPPORTING DOCUMENTATION, INCLUDING INVOICES FROM VENDORS, PURCHASE ORDERS, CANCELED COPIES OF CHECKS MADE PAYABLE TO VENDORS, IF THIS IS A TRAINING COURSE, LISTS OF COURSE PARTICIPANTS, AND A PUCO EXPENSE SUMMARY SHEET FOR EACH COURSE.