Maximum Grant Amount definition
Examples of Maximum Grant Amount in a sentence
Any such submission for payment of the Maximum Grant Amount must be made prior to the termination date of the Agreement.
If the Applicant fails to submit any invoice in accordance with the Audit Guide, then the City may subtract from Maximum Grant Amount any costs for the City’s review or audit activities.
If the City terminates the Agreement pursuant to this section, then the Applicant may submit a request for payment of the portion of Maximum Grant Amount for which the Phase III Work has been completed up to the date of the City’s notice.
Any payment of the Maximum Grant Amount, or a portion thereof, made pursuant to this section shall be at the sole and unfettered discretion of the City.
It is further understood and agreed that all payments to the Grantee by the commission for all work and services required under this Agreement shall not exceed the Total Maximum Grant Amount unless modified by written amendment of this Agreement as provided for in Article 10.6.