Final grant amount Clause Samples

The 'Final grant amount' clause defines the definitive sum of money that will be awarded under a grant agreement. It typically specifies how the final amount is determined, such as by referencing eligible costs, project milestones, or deliverables, and may outline adjustments based on actual expenditures or compliance with reporting requirements. This clause ensures both parties have a clear understanding of the total funding to be provided, thereby preventing disputes and providing financial certainty for project planning and execution.
Final grant amount. Calculation The ‘final grant amount’ depends on the actual extent to which the action is implemented in accordance with the Agreement’s terms and conditions. This amount is calculated by the [Commission][Agency] — when the payment of the balance is made (see Article 21.4) — in the following steps: Step 1 — Application of the reimbursement rates to the eligible costs Step 2 — Limit to the maximum grant amount Step 3 — Reduction due to the no-profit rule Step 4 — Reduction due to improper implementation or breach of other obligations 5.3.1 Step 1 — Application of the reimbursement rates to the eligible costs
View SourceView Similar (5)
Final grant amount. Calculation Step 1 Application of the reimbursement rates to the eligible costs Step 2 – Limit to the maximum grant amount Step 3 – Reduction due to the no-profit rule Step 4 – Reduction due to improper implementation or breach of other obligations 5.3.1 Step 1 — Application of the reimbursement rates to the eligible costs
View SourceView Similar (2)
Final grant amount. The final grant amount will be calculated by the Commission/Agency — at the end of the action (or in case of termination of the GA) —, in order to determine the balance to be paid. The final grant amount will depend on two types of criteria: − work implementation criteria, i.e. was the work carried out as described in Annex I? This is a technical analysis by the Commission/Agency of the work performed during the action, as compared with the activities set out in Annex 1 to the GA. − financial criteria, including: − the amount of eligible costs − the reimbursement rates − the maximum grant amount (see Article 5.1). Step 1 — Application of reimbursement rate(s) to eligible costs Step 2 — Limit to the maximum grant amount The grant amount following Steps 1 and 2 is the lower of the two amounts. Step 3 — Reduction due to the no-profit rule
View SourceView Similar (2)
Final grant amount. Calculation ▪ Step 1 Application of the reimbursement rates to the eligible costs: costs must comply with rules set in the Guide for Applicants and must be confirmed by the contractor. ▪ Step 2 — Reduction due to the no-profit rule: The grant must not produce a profit. ▪ Step 3 — Reduction due to substantial errors, irregularities or fraud or serious breach of obligations: If the grant is reduced, the contractor will calculate the reduced grant amount by deducting the amount of the reduction (calculated in proportion to the seriousness of the errors, irregularities or fraud or breach of obligations) from the maximum grant amount set out in Article 4.1.
View Source
Final grant amount. The Grantee agrees that at least one cart will be delivered to each household participating in curbside recycling service within the Grantee’s jurisdiction. SERDC agrees to pay the Grantee $23,812.75 of qualifying recycling cart costs for carts distributed to households in the City and $1,728.00 for educational campaign materials assuming that grantee satisfies the associated reporting requirements outlined in Paragraphs 5 and 6 of the SERDC Grant Agreement.
View Source

Related to Final grant amount

  • Grant Amount The maximum amount payable by the State under this Grant Agreement shall not exceed $<INSERT AMOUNT>.

  • Initial and Adjusted Exercise Price The initial exercise price shall be $2.00 per share of Common Stock. The adjusted exercise price shall be the price that shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.

  • Certificate of Adjusted Exercise Price or Number of Shares Whenever an adjustment is made as provided in Sections 11 and 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such adjustment and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer agent for the Preferred Shares a copy of such certificate and (c) mail a brief summary thereof to each holder of a Rights Certificate in accordance with Section 26 hereof. Notwithstanding the foregoing sentence, the failure of the Company to make such certification or give such notice shall not affect the validity of such adjustment or the force or effect of the requirement for such adjustment. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment contained therein and shall not be deemed to have knowledge of such adjustment unless and until it shall have received such certificate.

  • Certificate of Adjusted Purchase Price or Number of Shares Whenever an adjustment is made as provided in Section 11 or 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such adjustment, and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer agent for the Common Stock and the Preferred Stock a copy of such certificate and (c) mail a brief summary thereof to each holder of a Right Certificate in accordance with Section 25 hereof (if so required under Section 25 hereof). The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment therein contained and shall not be deemed to have knowledge of any such adjustment unless and until it shall have received such certificate.

  • Increment Date for Salary Grid Placement Upon achieving one (1) year of experience, an increment shall be awarded on the first of the month following the month in which the experience accumulation is earned.