AMOUNT OF AWARD AND PAYMENT PROCEDURES Sample Clauses
The "Amount of Award and Payment Procedures" clause defines the total monetary value granted under an agreement and outlines the steps for disbursing those funds. It typically specifies the maximum award amount, the schedule or conditions for payments, and any documentation or invoicing requirements that must be met before funds are released. This clause ensures both parties understand the financial terms and the process for receiving payments, thereby reducing the risk of disputes over funding and clarifying expectations for financial management.
AMOUNT OF AWARD AND PAYMENT PROCEDURES. 1. The total estimated amount of this Award is of in cost share. for the three year period; inclusive
2. NRC hereby obligates the amount of $450,000.00 for program expenditures during the period set forth above and in support of the Budget above. NRC is not obligated to reimburse the Grantee for the expenditure of amounts in excess of the total obligated amount.
3. Payment shall be made to the Recipient in accordance with procedures set forth in the Automated Standard Application for Payments (ASAP) Procedures set forth below.
AMOUNT OF AWARD AND PAYMENT PROCEDURES. 1. Program A: The total estimated amount of this program is $695,811.00 for the three year period inclusive of $245,814.00 in cost share. NRC hereby obligates the amount of $449,997.00 for program expenditures during the period set forth above and in support of the Budget above. NRC is not obligated to reimburse the Grantee for the expenditure of amounts in excess of the total obligated amount.
2. Program B: The total estimated amount of this program is $749,558.00 for the three year period; inclusive of $299,558.00 in cost share. NRC hereby obligates the amount of $50,000.00 for program expenditures during the period set forth above and in support of the Budget above. NRC is not obligated to reimburse the Grantee for the expenditure of amounts in excess of the total obligated amount.
3. Payment shall be made to the Recipient in accordance with procedures set forth in the Automated Standard Application for Payments (ASAP) Procedures set forth below.
AMOUNT OF AWARD AND PAYMENT PROCEDURES. 1. The total estimated amount of this Award is $573,750.00 for the four year period; inclusive of $173,750.00 in cost share.
2. NRC hereby obligates the amount of $400,000.00 for program expenditures during the period set forth above and in support of the Budget above. NRC is not obligated to reimburse the Grantee for the expenditure of amounts in excess of the total obligated amount.
3. Payment shall be made to the Recipient in accordance with procedures set forth in the Automated Standard Application for Payments (ASAP) Procedures set forth below.
AMOUNT OF AWARD AND PAYMENT PROCEDURES. 1. Program A: The total estimated amount of this program is for the two year period; inclusive of . NRC hereby obligates the amount of $200,000.00 for program expenditures during the period set forth above and in support of the Budget above. NRC is not obligated to reimburse the Grantee for the expenditure of amounts in excess of the total obligated amount.
2. Program B: The total estimated amount of this program is for the two year period; inclusive of . NRC hereby obligates the amount of $200,000.00 for program expenditures during the period set forth above and in support of the Budget above. NRC is not obligated to reimburse the Grantee for the expenditure of amounts in excess of the total obligated amount.
3. Payment shall be made to the Recipient in accordance with procedures set forth in the Automated Standard Application for Payments (ASAP) Procedures set forth below.
AMOUNT OF AWARD AND PAYMENT PROCEDURES. 1. The total estimated amount of this program is of $ in cost share. for the two year period; inclusive
2. NRC hereby obligates the amount of $197,900.00 for program expenditures during the period set forth above and in support of the Budget above. NRC is not obligated to reimburse the Grantee for the expenditure of amounts in excess of the total obligated amount.
3. Payment shall be made to the Recipient in accordance with procedures set forth in the Automated Standard Application for Payments (ASAP) Procedures set forth below.