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The project was soon riddled with problems, including funds being released for the project without the submission of the required detailed project reports to the environmental authorities.
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The highway funds are released whenever a state does so.
I had to wait until the following Tuesday until the reserve on the funds was released.
Personal Payments – Over-payments from personal funds are released for refund 15 days from the date of payment.
Even though funds were not available, we had been scouting around, identifying players we would like to sign when funds were released.
Some platforms run all or nothing campaigns where the funding target must be met within the timeframe before funds are released.
We have committed to work with their banks to make sure the funds are released as soon as possible and have offered gestures of goodwill".
Should the funds be released, the money will be split between shareholders of the company, which is 51% owned by HBOS and 49% by Phoenix Venture Holdings directors.
Once they submit proof that they have paid all necessary capital gains taxes in their country of residence, the funds are released.
At a briefing in Washington on November 19th, Tom Dawson, an IMF spokesman, said that it would be unusual for an IMF programme to have prior actions: in other words, some reforms will have to be implemented before IMF funds are released.
"In the Sentinel case, some funds were released quickly, but others were subject to cross claims and litigation," said Mr. Feltman, who worked on the case for the court-appointed trustee.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com