Common use of Disbursement Amount Clause in Contracts

Disbursement Amount. For Fiscal Year 1, Ontario will disburse the Fiscal Year 1 Annual Cap in accordance with section 5.4; for all remaining Fiscal Years, in each Fiscal Year, Ontario will disburse the lesser of: (i) the aggregate of (i) 50% Eligible Project Expenditures incurred and paid in that Fiscal Year (the “Amount Incurred”) and (ii) any Carry Forward Amount; and (ii) the Annual Cap for that Fiscal Year.

Disbursement Amount. For Fiscal Year 1, Ontario will disburse the Fiscal Year 1 Annual Cap in accordance with section 5.4; for all remaining Fiscal Years, in each Fiscal Year, Ontario will disburse the lesser of: (i) the aggregate of (i) 509.7% of Eligible Project Expenditures incurred and paid in that Fiscal Year (the “Amount Incurred”) and (ii) any Carry Forward Amount; and (ii) the Annual Cap for that Fiscal Year.