Matching Requirement. The Company shall obtain non-Commission funding commitments for the Project in an amount at least equal to the Grant (i.e., the Commission will fund no more than fifty percent (50%) of the costs related to the Project). Prior to the disbursement of any Grant funds, Grantee shall provide documentation satisfactory to the Commission of the Company’s eligible non-Commission funds. Non-Commission funds expended prior to the Award Date are not eligible. Unless otherwise approved by the Commission, eligible non-Commission funds shall mean cash available to the Company to pay costs related to the Project.
Appears in 2 contracts
Sources: Grant Agreement, Grant Agreement