Common use of Maximum Grant Amount Clause in Contracts

Maximum Grant Amount. The Council awards to the Grantee a grant of up to $585,000 (“Maximum Grant Amount”) for the Grant Project. However, in no event will the Council's obligation under this agreement exceed the lesser of: a. the Maximum Grant Amount; or, b. eighty percent (80%) of actual total Grant Project expenditures. The Council shall bear no responsibility for cost overruns that may be incurred by the Grantee in performance of the Grant Project.

Maximum Grant Amount. The Council awards shall pay to the Grantee a grant of up to $585,000 (“Maximum Grant Amount”) for the Grant ProjectAmount of $10,000. HoweverProvided, however, that in no event will the Council's obligation under this agreement exceed the lesser of: a. the Maximum Grant AmountAmount of $10,000; or, b. eighty percent (80%) of the actual total Grant Project expendituresamount expended by the grantee on eligible expenses as specified in paragraph 2.01. The Council shall bear no responsibility for cost overruns that which may be incurred by the Grantee in performance of the Grant Project.

Maximum Grant Amount. The Council awards will pay to the Grantee a grant of up to $585,000 (“Maximum Grant Amount”) for the Grant ProjectAmount of $10,000. HoweverProvided, however, that in no event will the Council's obligation under this agreement Agreement exceed the lesser of: a. the Maximum Grant AmountAmount of $10,000; or, b. eighty percent (80%) of the actual total Grant Project expendituresamount expended by the grantee on eligible expenses as specified in paragraph 2.01. The Council shall bear bears no responsibility for cost overruns that which may be incurred by the Grantee in performance of the Grant Project.