Common use of Final grant amount Clause in Contracts

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