Common use of Approved Amounts Clause in Contracts

Approved Amounts. If the State Project Monitor determines that any amount or amounts set forth in a Disbursement Request represent Phase I Authorized Costs (any such amount being an “Approved Amount”), then: (i) fifty percent (50%) of the Approved Amount shall be credited toward the Phase I County Contribution; and (ii) fifty percent (50%) of the Approved Amount shall be disbursed to the County from the Phase I State Funds, pursuant to Section 8 below, and such amount shall be credited toward the Phase I State Funds.