The Grant Amount Sample Clauses
The Grant Amount clause defines the specific sum of money that will be provided to the recipient under the terms of the agreement. It typically outlines the total funding available, any conditions or milestones required for disbursement, and may specify whether the amount is fixed or subject to adjustment. By clearly stating the financial commitment, this clause ensures both parties understand the scope of funding, reducing the risk of disputes over payment expectations.
The Grant Amount. Subject to and upon the terms and conditions of this Agreement, the Program Guidelines, and the Grant Application (together, the “Grant Documents”), Grantor agrees to grant to Grantee the sum of and no/100ths Dollars ($ ). Proceeds of the Grant shall be disbursed for the Grant Activities approved pursuant to the Grant Documents in accordance with Section 2 hereof.
The Grant Amount. Subject to and upon the terms and conditions of this Agreement, the Grantor agrees to grant to the Recipient the sum of $10,000, or so much thereof as is disbursed to the Recipient in accordance with this Agreement (1,3the "Grant"). Proceeds of the Grant shall be disbursed in accordance with Section 2 hereof.
The Grant Amount. Subject to and upon the terms and conditions of this Agreement, the Program Guidelines, and the Grant Guidelines (together, the “Grant Documents”), CITY agrees to grant to GRANTEE the sum of one hundred forty nine thousand and no/100ths Dollars ($149,000.00). Proceeds of the Grant shall be disbursed for the Grant Activities approved pursuant to the Grant Documents in accordance with Section 2 hereof.
The Grant Amount. The Grantee will receive a total grant award amount of USD XXXXXX
The Grant Amount. 4.1 In consideration of and subject to ▇▇▇▇▇▇▇’s undertakings hereunder, YP ▇▇▇▇▇▇ agrees to:
4.1.1 make available the Grant Amount to Grantee as more particularly described in the cost breakdown as stipulated in Attachment 2 herein; and
4.1.2 remit the Grant Amount in accordance with the terms of this Agreement, to Grantee who is responsible for disbursing the Grant Amount to the service provider (if any) pertaining to the Programme during the Agreement Period, and Grantee hereby accepts the Grant Amount at its own risk, cost, and expense.
4.2 YP shall make available the Grant Amount to Grantee throughout the Agreement Period based on the following terms and conditions:
4.2.1 The Grant Amount or any part or portion thereof which has been disbursed to Grantee but remains unutilized at the end of the Agreement Period shall be refunded to YP and cancelled from the total Grant Amount, unless if both Parties agree in writing to extend the Agreement Period in accordance with Clause 2.2.
4.2.2 The Grant Amount or any part or portion thereof which has yet to be disbursed by YP or remains unbilled at the end of the Agreement Period, shall be cancelled, and deducted from the total Grant Amount, unless if both Parties agree in writing to extend this Agreement in accordance with Clause 2.2.
4.2.3 YP shall continue to provide the remaining unutilized Grant Amount for the Programme in the event where this Agreement is extended in accordance with Clause 2.2.
4.3 If the Beneficiaries and/or scope of the Programme or Works is reduced due to whatsoever reasons including the inability to achieve the KPI set in Appendix 1, YP may reduce the Grant Amount to correspond with the reduction of the number of Beneficiaries, scope of the Programme or Works or KPI, which shall be based on the actual number of Beneficiaries, scope of the Programme or Works or KPI.