Maximum Funding Sample Clauses
The Maximum Funding clause sets a cap on the total amount of financial resources or payments that one party is obligated to provide under an agreement. In practice, this means that regardless of the actual costs incurred or requested, the funding party will not be required to pay more than the specified maximum amount. For example, in a research grant or service contract, the clause ensures that the funder’s liability is limited to a predetermined sum. Its core function is to allocate financial risk and provide budgetary certainty for both parties by clearly defining the upper limit of funding commitment.
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Maximum Funding. A maximum funding position of the Fund shall be established for each calendar month. The maximum funding position shall be lesser of:
Maximum Funding. County will pay Second Party an amount not to exceed the amount specified in Exhibit A, "Agreement Specifications," for work actually performed and completed pursuant to this Agreement, which amount shall be accepted by Second Party as full compensation for all such work. Second Party acknowledges that this amount is the maximum payable and constitutes a limitation upon County's obligation to compensate Second Party for its services related to this Agreement. This maximum amount, however, does not constitute a limitation, of any sort, upon Second Party's obligation to perform all items of work required by or which can be reasonably inferred from the Scope of Services. No amount shall be paid to Second Party to reimburse its expenses, unless otherwise provided herein. County funding under this Agreement relates exclusively to the Initial Term and County is not obligated to fund Second Party beyond the Initial Term. In the event that the Contract Administrator exercises either Option Period under this Agreement, or in the event this Agreement is extended pursuant to Article 2, the maximum amount payable by County shall not exceed the amount specified for each period in Exhibit A, except as provided in Section 4.3, "MAXIMIZATION OF EXPENDITURE OF COUNTY FUNDS," herein.
Maximum Funding. Grantor may grant up to $4,000 in Grant Funds per eligible incumbent employee in voucher assistance per fiscal year for the Project, and shall not grant more than $25,000 in total Grant Funds to Grantee per fiscal year in voucher assistance under the Project at any location in the State of Ohio.
Maximum Funding. County will pay Provider an amount not to exceed the amount specified in Exhibit A, “Agreement Specifications,” for work performed and completed pursuant to this Agreement, which amount will be accepted by Provider as full compensation for all such work. Provider acknowledges that this amount is the maximum payable and constitutes a limitation upon County’s obligation to compensate Provider for its services related to this Agreement. This maximum amount, however, does not constitute a limitation upon Provider’s obligation to perform all items of work required by or which can be reasonably inferred from the Scope of Services. No amount will be paid to Provider to reimburse its expenses, unless otherwise expressly required in this Agreement. County funding under this Agreement relates exclusively to the Initial Term, and County is not obligated to fund Provider beyond the Initial Term. If the Contract Administrator exercises an Option Period under this Agreement, or if this Agreement is extended pursuant to Article 2, the maximum amount payable by County must not exceed the amount specified for each period in Exhibit A, except as provided below in the section titled, “Maximization of Return on Expenditure of County Funds.”
Maximum Funding. Municipality acknowledges that the Maximum Funding Amount set forth below is the maximum amount payable by County and constitutes a limitation upon County’s obligation to provide funding to Municipality for the Project. Municipality further acknowledges that subtotal amounts set forth below for the applicable phases and in the Funding Schedule (including as amended) are the maximum amounts payable for the applicable portions of the Project, and constitute limitations on County’s obligation to provide funding to Municipality for the Project. Phase 1: Construction & Construction Engineering and Inspection Services $5,000,000.00 In no event shall County be liable to provide funding to Municipality in excess of the applicable amounts stated in the Funding Schedule or the Maximum Funding Amount, regardless of the basis for any claim or the basis for increased cost, including, without limitation, differing site conditions, delays, weather, or any other reason. If the actual costs of the Project exceed the amount County is obligated to fund per the Funding Schedule, as same may be amended pursuant to this Agreement, Municipality shall be solely responsible for funding any and all such additional amounts. Municipality is solely responsible for any and all costs to operate, support, and maintain the Project unless otherwise agreed in writing by the Parties; County has no obligation to fund any costs related to the Project except as expressly stated in this Agreement.
Maximum Funding. The maximum funding obligation under this Agreement is
Maximum Funding. Defendant’s maximum total, aggregate funding obligation under this Agreement is $1,900,000 and all payments made pursuant to this Agreement, including notice and administration expenses under Section 12.1, attorneys’ fees and costs under Section 5.1, service award under Section 5.2, and the total Claimants’ Benefit Amounts under Section 3.6, shall be deemed and credited as a payment by Defendant toward this maximum amount which shall be the maximum and not exceeded.
Maximum Funding. Total maximum funding under this Agreement is Two Hundred Eleven Eight Hundred Dollars and No Cents ($211,800.00).
Maximum Funding. The maximum amount of funding for the Project is one hundred fifty-one thousand dollars ($151,000). Payment shall be made as a one-time payment to the District upon the Effective Date of this Agreement.
Maximum Funding. Municipality acknowledges that the Maximum Funding Amount set forth below is the maximum amount payable by County and constitutes a limitation upon County’s obligation to provide funding to Municipality for the Project. Municipality further acknowledges that subtotal amounts set forth below for the applicable phases and in the Funding Schedule (including as amended) are the maximum amounts payable for the applicable portions of the Project, and constitute limitations on County’s obligation to provide funding to Municipality for the Project. Description Not-To-Exceed Amounts Phase 1: Planning and Preliminary Design $ [typically 3% of total estimate] Phase 2: Design $ [typically 12% of total estimate] Phase 3: Construction (inclusive of 5% contingency) $ [typically 85% of total estimate] Phase 4: $ MAXIMUM FUNDING AMOUNT: $ In no event shall County be liable to provide funding to Municipality in excess of the applicable amounts stated in the Funding Schedule or the Maximum Funding Amount, regardless of the basis for any claim or the basis for increased cost, including, without limitation, differing site conditions, delays, weather, or any other reason. If the actual costs of the Project exceed the amount County is obligated to fund per the Funding Schedule, as same may be amended pursuant to this Agreement, Municipality shall be solely responsible for funding any and all such additional amounts. Municipality is solely responsible for any and all costs to operate, support, and maintain the Project unless otherwise agreed in writing by the Parties; County has no obligation to fund any costs related to the Project except as expressly stated in this Agreement.