Common use of Cash Match Clause in Contracts

Cash Match. A. Each fiscal year the Program will pay to State, no less than quarterly and in advance, upon receipt of an invoice from the State, all those cash matching funds which are identified within the Program Budget Summary for that fiscal year. The State shall not be obligated to pay the Contractor for any contributions made by the Program in accordance with the approved budget, it being understood that all matching funds obtained by the State from the Program shall be exclusive funds of the State and no portion of the cash match shall come from Federal funds.

Cash Match. A. Each fiscal year the Program Contractor will pay to State, no less than quarterly and in advance, upon receipt of an invoice from the State, all those cash matching funds which are identified within the Program Budget Summary for that fiscal year. The State shall not be obligated to pay the Contractor for any contributions made by the Program Contractor in accordance with the approved budget, it being understood that all matching funds obtained by the State from the Program Contractor shall be exclusive funds of the State and no portion of the cash match shall come from Federal funds.