Use of Contract Funds Clause Samples

Use of Contract Funds. The Principal acknowledges that all Contract funds on deposit in the Account are trust funds under applicable law and the GIA. Funds in the Account and any other funds deposited into the Account will be used solely to pay for (a) labor costs incurred by the Principal in the performance of the Contract; (b) payments to subcontractors and suppliers on the Contract and any other beneficiaries of the trust funds; (c) payments to reimburse the Principal for indirect costs incurred on the Contract; and (d) payments to satisfy any and all obligations of the Principal under the GIA. The Surety retains the sole and absolute discretion to direct the Agent as to whether such costs and expenses may be paid from the Account; provided, however, absent a direction from the Surety not to authorize any particular payment or disbursement requested by the Principal or determined by the Agent to be permitted by this Agreement, the Agent is authorized to honor disbursements contemplated by this Agreement. In determining the validity of any payment request presented hereunder, the Agent shall be entitled to rely upon the documentation that accompanies the Principal’s requests.
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Use of Contract Funds. The funds provided hereunder will be disbursed to Subrecipient on a periodic basis for allowed Program expenditures and for Subrecipient services at the rate specified. At no time will funds for Subrecipient services be advanced before the services are actually performed.
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Use of Contract Funds. In addition to and not exclusive of any other terms relating to the use of contract funds contained elsewhere in this Agreement, Contractor shall comply with the following requirements regarding use of contract funds:
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Use of Contract Funds. These contract funds are intended solely for housing rental subsidies to help qualified individuals secure and maintain housing. Allowable costs are rent (including past-due rent), security deposits, application fees, and moving costs). Funds can be braided with other housing assistance (deposits, application fees, etc.), but not duplicated.
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Use of Contract Funds. The Agency agrees that it will not use any funds received from the City for the purpose of assisting a campaign for election of any person to any office or for the promotion of or opposition to any ballot proposition. For purposes of this section, "assisting a campaign" and "promotion of or opposition to any ballot proposition" shall have the meaning provided in Ch. 42.17A RCW.
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Use of Contract Funds. The use of City funds is expressly limited to the objectives identified in this agreement.
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Related to Use of Contract Funds

  • Use of Contractors (a) If the employer wishes to engage contractors and their employees to perform work in the classifications covered by this agreement, the employer must first consult in good faith with the union. Consultation will occur prior to the engagement of sub-contractors. (b) If the employer decides to engage subcontractors, the employer shall ensure that these contractors and their employees receive wages, allowances and conditions equal to or better than those contained in this agreement. (c) The use of sham sub contracting arrangements is a breach of this agreement. The contractor who engages subcontractors is responsible for ensuring the employees of sub- contractors receive wages, allowances and conditions equal to or better those contained in this agreement, this obligation extends to liability for all outstanding wages conditions and entitlements under this agreement.

  • CERTIFICATION REGARDING USE OF CONTRACT FUNDS FOR LOBBYING This provision is applicable to all Federal-aid construction contracts and to all related subcontracts which exceed $100,000. 49 CFR Part 20, App. A. 1. The prospective participant certifies, by signing and submitting this bid or proposal, to the best of his or her knowledge and belief, that: a. No Federal appropriated funds have been paid or will be paid, by or on behalf of the undersigned, to any person for influencing or attempting to influence an officer or employee of any Federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any Federal contract, the making of any Federal grant, the making of any Federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any Federal contract, grant, loan, or cooperative agreement. b. If any funds other than Federal appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any Federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with this Federal contract, grant, loan, or cooperative agreement, the undersigned shall complete and submit Standard Form-LLL, "Disclosure Form to Report Lobbying," in accordance with its instructions. 2. This certification is a material representation of fact upon which reliance was placed when this transaction was made or entered into. Submission of this certification is a prerequisite for making or entering into this transaction imposed by 31 U.S.C. 1352. Any person who fails to file the required certification shall be subject to a civil penalty of not less than $10,000 and not more than $100,000 for each such failure. 3. The prospective participant also agrees by submitting its bid or proposal that the participant shall require that the language of this certification be included in all lower tier subcontracts, which exceed $100,000 and that all such recipients shall certify and disclose accordingly.

  • Use of Funds Grantee shall expend funds under this Grant Agreement only for approved services and for reasonable and allowable expenses directly related to those services.

  • Use of Account You authorize us to add to your account all tuition, fees, fines, and other charges incurred by you as a result of registering and/or attending classes provided by College.

  • Use of Contract Documents and Information 3.5.1 The tenderer shall not, without the Procuring entity’s prior written consent, disclose the Contract, or any provision therefore, or any specification, plan, drawing, pattern, sample, or information furnished by or on behalf of the Procuring entity in connection therewith, to any person other than a person employed by the tenderer in the performance of the Contract. 3.5.2 The tenderer shall not, without the Procuring entity’s prior written consent, make use of any document or information enumerated in paragraph 3.5.1 above 3.5.3 Any document, other than the Contract itself, enumerated in paragraph 3.5.1 shall remain the property of the Procuring entity and shall be returned (all copies) to the Procuring entity on completion of the Tenderer’s performance under the Contract if so required by the Procuring entity