Sources and Uses of Funds Clause Samples
The 'Sources and Uses of Funds' clause defines how the funds involved in a transaction will be obtained and allocated. It typically outlines the specific sources of capital, such as loans, equity contributions, or other financing, and details the intended uses, like paying purchase prices, fees, or other transaction-related expenses. By clearly mapping out where the money comes from and how it will be spent, this clause ensures transparency and accountability in the financial aspects of the deal, helping all parties understand and agree on the flow of funds.
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Sources and Uses of Funds a. The total estimated cost of the Projects is shown in Attachment C, which is attached to and incorporated by reference in this agreement. Attachment C includes expected cash contributions from each source of funding. The Department will pay for only those Project costs that have been approved by the Texas Transportation Commission.
Sources and Uses of Funds. Grantee represents to State that the Sources and Uses of Funds Schedule attached as Exhibit A accurately shows the total cost of the project and all of the funds that are available for the completion of the project. ▇▇▇▇▇▇▇ agrees that it will pay for any costs that are ineligible for reimbursement and for any amount by which the costs exceed State’s total obligation in section 4.1.3. Grantee will return to State any amount appropriated but not required.
Sources and Uses of Funds. For the CDBG program, these accounting records must contain reliable and up-to-date information about the sources and uses of funds, including: • Federal grant awards (or subgrant allocations) received by the organization. • Current authorizations and obligations of CDBG funds. • Unobligated balances (funds remaining available for distribution). • Assets and liabilities. • Program income. • Actual outlays or expenditures, with further breakdowns by: • The grant program from which the funds are derived. 4 • The “eligible activity” classifications specified in 24 CFR 570.201–570.206 (housing rehabilitation, economic development, public facilities, public services, etc.) or similar classifications which clearly indicate use of program funds for eligible activities.
Sources and Uses of Funds. The Public Entity represents to MnDOT and the Commissioner that the Sources and Uses of Funds Schedule attached as Exhibit A accurately shows the total cost of the Project and all of the funds that are available for the completion of the Project. The Public Entity will supply any other information and documentation that MnDOT or the Commissioner may request to support or explain any of the information contained in the Sources and Uses of Funds Schedule. If any of the funds shown in the Sources and Uses of Funds Schedule have conditions precedent to the release of such funds, the Public Entity must provide to MnDOT a detailed description of such conditions and what is being done to satisfy such conditions.
Sources and Uses of Funds. Listing of funding sources being utilized for the funded project must be provided.
Sources and Uses of Funds. The Administrative Agent shall have received a memorandum detailing the sources and uses of the funds to be used to consummate the transactions contemplated by this Agreement and the other Credit Documents and related expenses, in form and substance reasonably satisfactory to the Administrative Agent.
Sources and Uses of Funds. The Agency hereby confirms the sources and uses of the sale proceeds of the Allocable Bonds as set forth on Attachment 1 hereto, including the allocations of the portions of the principal maturities and other matters set forth therein.
Sources and Uses of Funds. Borrower shall have delivered to the Bank, in form and substance satisfactory to Bank, a detailed statement of all sources and all uses of funds (including without limitation the proceeds of the first disbursements of the proceeds of the Loans) to be received and remitted upon closing the Loans hereunder.
Sources and Uses of Funds. The sources and uses of cash for the transactions contemplated under this Agreement shall be consistent in all material respects with the sources and uses of cash previously described by the Borrowers to the Administrative Agent.
Sources and Uses of Funds. SOURCES→ CDBG OTHER TOTAL USES (Activities)↓ 03E Neighborhood Facilities $450,000 $14,820 $464,820 03E Neighborhood Facilities (construction management) $10,000 $0 $10,000 21A General Administration $25,000 $0 $25,000 TOTAL $485,000 $14,820 $499,820