Allocation and Use of Funds Clause Samples

Allocation and Use of Funds. All allocations and use of funds under this Grant shall be in accordance with the applicable federal Notice of Funding Opportunity (NOFO) for the Federal Grant Title specified on this Grant.
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Allocation and Use of Funds. C2.1 Notwithstanding the provisions or details outlined in the Recipient’s approved business case, the allocation and use of the Funds shall be governed exclusively by the terms of this Agreement. C2.2 The Recipient may use the Funds solely for the expenses specified in the Budget. All expenses must be directly and demonstrably related to the approved Project. Funds may only be used for operating expenses where such expenses are explicitly approved and detailed in the Budget, and must be incurred between January 1, 2025 and March 31, 2025. C2.3 The Recipient may not use Funds for the following expenses: i. Beds provided in hotels/motels and vouchers for hotels/motels, and. ii. Operational costs incurred beyond March 31, 2025. C2.4 The Funds may not be used for expenses explicitly listed in section C2.3 or for any other expenses deemed inconsistent with the purpose and scope of the Project. The Province reserves the right to review and determine the eligibility of any expenses not explicitly outlined in this section and the Budget. C2.5 The use of the Funds for the Project is granted as a one-time funding by the Province and does not establish any precedent, intention, or expectation of continued or future funding for similar expenditures for this Project or otherwise. C2.6 Where there are multiple capital or operating projects described in C1.0, any requirements specified in this Agreement shall apply individually and independently to each project. Compliance with the requirements for one project does not exempt or diminish the obligation to fulfill the same requirements for other projects. Each project shall be treated as distinct and subject to its own compliance assessment.
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Allocation and Use of Funds 
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Related to Allocation and Use of Funds

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

  • Distribution of Funds Deliver (i) to Seller, or order, the cash portion of the Purchase Price, adjusted for prorations, charges and other credits and debits provided for herein; and (ii) to Buyer, or order, any excess funds delivered to Escrow Agent by Buyer. Such funds shall be delivered by wire transfer or cashier’s check in accordance with instructions for Seller and Buyer; if no instructions are given, Escrow Agent shall deliver such funds by Escrow Agent’s check via overnight courier (or as otherwise requested by the intended recipient) to the appropriate party at the address set forth for notice in this Agreement.

  • 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.