Common use of Cost Reduction Clause in Contracts

Cost Reduction. In the event that the “Total Project Cost” is less than the amount listed in Attachment A, the Air District shall recalculate its contribution to the Project in accordance with the provisions of Paragraph 4 of Attachment A.

Appears in 3 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement

Cost Reduction. In the event that the “Total Project Cost” is Eligible Costs incurred are less than the amount Estimated Eligible Costs listed in Attachment A, Paragraph 5, Table 1, the Air District shall will recalculate its contribution to the Project in accordance with the provisions of Paragraph 4 of Attachment A.

Appears in 2 contracts

Sources: Grant Agreement, Carl Moyer Program Grant Agreement