Maximum Amount of Grant Funds Clause Samples
The "Maximum Amount of Grant Funds" clause sets a clear upper limit on the total funds that a grantee can receive under a grant agreement. This clause specifies the maximum dollar amount that the funding agency is obligated to provide, regardless of the grantee's actual expenses or project needs. For example, even if project costs exceed expectations, the grantor will not pay more than the stated maximum. Its core practical function is to control financial exposure for the grantor and provide budgetary certainty for both parties.
Maximum Amount of Grant Funds. In no event shall the amount of Grant Funds disbursed hereunder exceed <<INSERT DOLLAR AMOUNT>> Dollars ($<<INSERT AMOUNT>>).
Maximum Amount of Grant Funds. (a) In no event shall the amount of Grant Funds disbursed hereunder exceed Nine Million Nine Hundred Thirty One Thousand Three Hundred Thirty Seven Dollars ($9,931,337).
(b) Grantee understands that, of the Maximum Amount Of Grant Funds listed under Article 5.1 (a) of this Agreement One Million Six Hundred Fifty Five Thousand Two Hundred Twenty Three Dollars ($1,655,223) is included as a contingency amount and is neither to be used in Budget(s) attached to this Agreement or available to Grantee without a modification to the Appendix B, Budget, which has been approved by the Department of Homelessness and Supportive Housing. Grantee further understands that no payment for any portion of this contingency amount will be made unless and until a modification or revision has been fully approved and executed in accordance with applicable City and Department laws, regulations, policies/procedures and certification as to the availability of funds by Controller. ▇▇▇▇▇▇▇ agrees to fully comply with these laws, regulations, and policies/procedures.
Maximum Amount of Grant Funds. In no event shall the amount of Grant Funds disbursed hereunder exceed FIFTY FIVE THOUSAND Dollars ($55,000.00).
Maximum Amount of Grant Funds. The amount of the Grant Funds authorized for disbursement hereunder shall not exceed <<INSERT DOLLAR AMOUNT>> Dollars ($<<INSERT AMOUNT>>) during the Term of the Agreement, plus any Contingent Amount (as defined below) authorized by City and certified as available by the Controller (collectively, the “Grant Amount”).
Maximum Amount of Grant Funds. (a) In no event shall the amount of Grant Funds disbursed hereunder exceed << Not to Exceed Dollar Amount>> Dollars ($<<amount>>).
(b) Grantee understands that, of the Maximum Amount Of Grant Funds listed under Article 5.1 (a) of this Agreement, << Contingency Dollar Amount>> Dollars ($<<amount>>) is included as a contingency amount and is neither to be used in Budget(s) attached to this Agreement or available to Grantee without a modification to the Appendix B, Budget, which has been approved by the Department of Homelessness and Supportive Housing. Grantee further understands that no payment for any portion of this contingency amount will be made unless and until a modification or revision has been fully approved and executed in accordance with applicable City and Department laws, regulations, policies/procedures and certification as to the availability of funds by Controller. ▇▇▇▇▇▇▇ agrees to fully comply with these laws, regulations, and policies/procedures.
Maximum Amount of Grant Funds. In no event shall the amount of the Grant Funds disbursed hereunder exceed [MAXIMUM AMOUNT]. A Grant awarded under this Agreement is intended to defray the costs of undertaking the Project up to the amount awarded in the Grant.
Maximum Amount of Grant Funds. (a) In no event shall the amount of Grant Funds disbursed hereunder exceed
(b) Grantee understands that, of the Maximum Amount Of Grant Funds listed under Article 5.1 (a) of this Agreement, Four Million Six Hundred Seventeen Thousand Seven Hundred Eleven Dollars ($4,617,711) is included as a contingency amount and is neither to be used in Budget(s) attached to this Agreement or available to Grantee without a modification to the Appendix B, Budget, which has been approved by the Department of Homelessness and Supportive Housing. Grantee further understands that no payment for any portion of this contingency amount will be made unless and until a modification or revision has been fully approved and executed in accordance with applicable City and Department laws, regulations, policies/procedures and certification as to the availability of funds by Controller. ▇▇▇▇▇▇▇ agrees to fully comply with these laws, regulations, and policies/procedures.
Maximum Amount of Grant Funds. The amount of the Grant Funds disbursed hereunder shall not exceed Dollar Amount Spelled out Dollars ($xxx,xxx) for the period from Start Date to Expiration Date (full term of grant), plus any contingent amount authorized by City and certified as available by the Controller. Contingent amount: Up to Contingency Dollar Amount Spelled out Dollars ($xxx,xxx) may be available as a contingency, in the City’s sole discretion, but only subject to written authorization by the City and if monies are certified as available by the Controller. The maximum amount of Grant Funds disbursed hereunder shall not exceed Total Not To Exceed Dollar Amount Spelled out Dollars ($xxx,xxx) for the period from Start Date to Expiration Date (full term of grant). Grantee understands that the maximum amount of Grant Funds disbursement identified above in Section 5.1 of this Agreement, includes the amount shown as the contingent amount and may not to be used in Program Budget(s) attached to this Agreement as Appendix B, and is not available to Grantee without a written revision to the Program Budgets of Appendix B approved by Agency. Grantee further understands that no payment of any portion of this contingency amount will be made unless and until such funds are certified as available by Controller. ▇▇▇▇▇▇▇ agrees to fully comply with these laws, regulations, and policies and procedures.
Maximum Amount of Grant Funds. In no event shall the amount of Grant Funds disbursed hereunder exceed the amount identified in Appendix A (Grant Plan).
Maximum Amount of Grant Funds. The amount of the Grant Funds disbursed hereunder shall not exceed Nine Million Dollars ($9,000,000) for the period from July 1, 2020 to March 15, 2021, plus any contingent amount authorized by City and certified as available by the Controller. Contingent amount: Up to Nine Hundred Thousand Dollars ($900,000) for the period from July 1, 2020 to March 15, 2021, may be available, in the City’s sole discretion as a contingency but only subject to written authorization by the City and if monies are certified as available by the Controller. The maximum amount of Grant Funds disbursed hereunder shall not exceed Nine Million, Nine Hundred Thousand Dollars ($9,900,000) for the period from July 1, 2020 to March 15, 2021. Grantee understands that the maximum amount of Grant Funds disbursement identified above in Section 5.1 of this Agreement, includes the amount shown as the contingent amount and may not to be used in Program Budget(s) attached to this Agreement as Appendix B, and is not available to Grantee without a written revision to the Program Budgets of Appendix B approved by Agency. Grantee further understands that no payment of any portion of this contingency amount will be made unless and until such funds are certified as available by Controller. ▇▇▇▇▇▇▇ agrees to fully comply with these laws, regulations, and policies and procedures.