Common use of Grant for the Project Clause in Contracts

Grant for the Project. Subject to the terms and conditions of this Agreement, and ▇▇▇▇▇’s compliance therewith, MPP will fund SAMRC for performing components of the Project in accordance with the approved budget attached as Attachment 2 provided however that MPP shall not be funding the totality of the said Budget and its funding shall be limited to the maximum amount defined herein (“Budget”). The maximum amount hereunder shall not exceed the amount of 26.6 million South African Rands (ZAR). Subject to Section 11.2 “Grant Reduction”, MPP shall have the right to increase or decrease the total amount of the grant in accordance with the needs and the performance of the Project.

Grant for the Project. Subject to the terms and conditions of this Agreement, and ▇▇▇▇▇SAMRC’s compliance therewith, MPP will fund SAMRC for performing components of the Project in accordance with the approved budget attached as Attachment 2 provided however that MPP shall not be funding the totality of the said Budget and its funding shall be limited to the maximum amount defined herein (“Budget”). The maximum amount hereunder shall not exceed the amount of 26.6 29.525 million South African Rands (ZAR). Subject to Section 11.2 “Grant Reduction”, MPP shall have the right to increase or decrease the total amount of the grant in accordance with the needs and the performance of the Project.