Common use of PROGRAM GRANT Clause in Contracts

PROGRAM GRANT. Provided Stewardship is in full compliance with the terms of this Agreement, City will pay Stewardship a Program Grant not to exceed One Hundred Fifty Thousand Dollars ($150,000.00) in accordance with this section. After providing evidence of the completion and costs expended by Stewardship for any of the projects identified on the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Property Plan (except the electric meters and central HVAC identified in Section IV(A)(1)(l)), Stewardship shall be eligible for a reimbursement of up to One Hundred Thousand Dollars ($100,000.00). Payment of the remaining Fifty Thousand Dollars ($50,000.00) shall be made after Stewardship receives a Green Tag for all of the required Improvements.