Amount of Grant Payable. (a) The total amount of Grant payable in respect of Eligible Capital Expenditure will be either the Capital Maximum Sum, or an amount calculated by applying the Capital Contribution Rate to the actual Eligible Capital Expenditure, whichever is the lower. (b) The total amount of Grant payable in respect of Eligible Revenue Expenditure will be either the Revenue Maximum Sum, or an amount calculated by applying the Revenue Contribution Rate to the actual Eligible Revenue Expenditure, whichever is the lower. (c) The total amount of Grant paid to the Grant Recipient shall not exceed the Maximum Sum.
Appears in 2 contracts
Sources: European Regional Development Fund Capital Funding Agreement, European Regional Development Fund Revenue Funding Agreement
Amount of Grant Payable. (a) The total amount of Grant payable in respect of Eligible Capital Expenditure will be either the Capital Maximum Sum, or an amount calculated by applying the Capital Contribution Rate to the actual Eligible Capital Expenditure, whichever is the lower.
(b) The total amount of Grant payable in respect of Eligible Revenue Expenditure will be either the Revenue Maximum Sum, or an amount calculated by applying the Revenue Contribution Rate to the actual Eligible Revenue Expenditure, whichever is the lower.
(c) The total amount of Grant ▇▇▇▇▇ paid to the Grant Recipient shall not exceed the Maximum Sum.
Appears in 1 contract
Sources: European Regional Development Fund Revenue Funding Agreement