Funded Project Clause Samples

The 'Funded Project' clause defines the specific project or initiative that is being financially supported under the agreement. It typically outlines the scope, objectives, and deliverables that are covered by the provided funding, and may specify timelines, reporting requirements, or eligible expenses. By clearly identifying what constitutes the funded project, this clause ensures that both parties have a mutual understanding of the project's boundaries and expectations, thereby reducing the risk of disputes over the use of funds or project outcomes.
Funded Project. Subject to the terms and conditions set forth herein, commencing on the Project Commencement Date, Paradigm shall conduct the project pursuant to the Project Plan, as described herein or as amended by the Project Committee. Paradigm shall be responsible for the management and implementation of the Project Plan.
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Funded Project. Funded Project 1:
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Funded Project. 1.4.1 In consideration of receiving the Funding Amount, the Organisation must undertake the Funded Project in accordance with: (a) the Approved Work Program; (b) the Approved Budget; and (c) the other requirements of this Agreement. 1.4.2 The Department or the Organisation may seek a review of the Approved Work Program during the Funded Period, and seek agreement to amendments to the Approved Work Program in accordance with clause 1.3.2.
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Funded Project. The Funded Project is the portion of the Eligible Project for which costs are eligible for grant reimbursement or for reimbursement by other funds qualifying as Funding Match. < If the Eligible Project and Funded Project are the same, do not repeat the description; insert “The Funded Project is the same as the Eligible Project for this Funding Agreement.” If the Funded Project is only a portion of the Eligible Project, insert: “The Funded Project consists of <insert brief description>. The Funded Project is specifically described in <insert agreement section>.”> All tasks associated with the Eligible Project are described in Section A2, which supersedes the scope of work included in the funding application.
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Funded Project. Funding for this Agreement has been provided through the American Recovery and Reinvestment Act (ARRA) of 2009, Pub. L. 111-5. All Contractors, including both prime and subcontractors, are subject to audit by appropriate federal or State of California (state) entities. The Authority has the right to cancel, terminate, or suspend the Agreement if the Contractor or any subcontractor fails to comply with the reporting and operational requirements contained herein.
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Funded Project. Funded Project: My Ends - The Bridge Renewal Trust (Haringey – Tottenham ▇▇▇▇ ▇▇▇▇)
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Funded Project 
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Related to Funded Project

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Project Cost An updated cost spreadsheet reflecting the current forecasted cost vs. the latest approved budget vs. the baseline budget should be included in this section. One way to track project cost is to show: (1) Baseline Budget, (2) Latest Approved Budget, (3) Current Forecasted Cost Estimate, (4) Expenditures or Commitments to Date, and (5) Variance between Current Forecasted Cost and Latest Approved Budget. Line items should include all significant cost centers, such as prior costs, right-of-way, preliminary engineering, environmental mitigation, general engineering consultant, section design contracts, construction administration, utilities, construction packages, force accounts/task orders, wrap-up insurance, construction contingencies, management contingencies, and other contingencies. The line items can be broken-up in enough detail such that specific areas of cost change can be sufficiently tracked and future improvements made to the overall cost estimating methodology. A Program Total line should be included at the bottom of the spreadsheet. Narratives, tables, and/or graphs should accompany the updated cost spreadsheet, basically detailing the current cost status, reasons for cost deviations, impacts of cost overruns, and efforts to mitigate cost overruns. The following information should be provided:

  • Cost Overruns The Borrower shall ensure that all cost-overruns over the estimated construction costs of the Project as certified by a quantity surveyor or the Architect or as ascertained by the Lender as and when they occur shall be funded by the Borrower’s own equity;

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Total Project Cost With regard to any Real Property acquired prior to or during the development, construction or improvement stages, all hard and soft costs and expenses paid or incurred by or on behalf of the Corporation that are in any way related to the development, construction, improvement or stabilization (including tenant improvements) of such Real Property, including, but not limited to, any debt, whether borrowed or assumed, land and construction costs.