Examples of Eligible Expenditure in a sentence
Subject to the remainder of this paragraph 3 the Authority shall pay the Grant to the Grant Recipient: up to the maximum amount stated in the Grant Funding Letter; in pound sterling (GBP) and into a bank located in the UK, save that where it is more efficient to pay the Grant in a foreign currency, the Authority may choose to do so at its sole discretion (in which case the Grant amount will be for the sum agreed in GBP as at the Commencement Date); and in respect of Eligible Expenditure only.
The Authority will only pay the Grant in respect of Eligible Expenditure incurred by the Grant Recipient to deliver the Funded Activities and the Grant Recipient will use the Grant solely for delivery of the Funded Activities.
You must provide details of Eligible Expenditure in respect all Funded Activities and must record this expenditure in ANNEX 7 of this Grant Agreement.
The Grant Recipient will provide the Authority with such evidence as it may reasonably require (including receipts, invoices and other documentary evidence) that Grant Claims relate to costs which constitute Eligible Expenditure.
The Grant is offered to you to contribute towards Eligible Expenditure only.