Required Match. As a condition of the Grant, Grantee is required to provide matching funds for the costs incurred in the performance of the project (the “Required Match”). Match Ratio. Grantee and/or Manufacturer shall match Grant funds at a 1:1 ratio during the grant period, and it is expected that match will be expended ratably with the reimbursable costs. The total Required Match contribution shall be a minimum of Dollars ($ICMContractAmount). Grantee shall ensure that the Required Match meets the requirements set forth within this Section 3.
Appears in 2 contracts
Sources: MCP Capital Matching Grant Agreement, Mmap Capital Matching Grant Agreement
Required Match. As a condition of the Grant, Grantee is required to provide matching funds for the costs incurred in the performance of the project (the “Required Match”). Match Ratio. Grantee and/or Manufacturer Company shall match Grant funds at a minimum 1:1 ratio during the grant period, and it is expected that match will be expended ratably with the reimbursable costs. The total Required Match contribution shall be a minimum of Dollars ($ICMContractAmount). Grantee shall ensure that the Required Match meets the requirements set forth within this Section 3.
Appears in 1 contract
Sources: Capital Matching Grant Agreement
Required Match. As a condition of the Grant, Grantee is required to provide matching funds for the costs incurred in the performance of the project (the “Required Match”). Match Ratio. Grantee and/or Manufacturer shall match Grant funds at a 1:1 ratio during the grant period, and it is expected that match will be expended ratably with the reimbursable costs. The total Required Match contribution shall be a minimum of Dollars ($ICMContractAmount). Grantee shall ensure that the Required Match meets the requirements set forth within this Section 3.
Appears in 1 contract