Common use of Funding Amount and Use Clause in Contracts

Funding Amount and Use. Subject to the terms and conditions of this Agreement, KSTC hereby agrees to provide grant funds to Grantee for direct costs, consistent with the Program Guidelines (Exhibit B) an amount not to exceed $150,000 (One-hundred fifty thousand dollars). All funds provided by KSTC shall be expended by Grantee: 1) in accordance with the budget as detailed in the above referenced SBIR proposal KSTC-16-OCIS-173 and all the terms and conditions of this Agreement and Program Guidelines and 2) in compliance with applicable law, including other statutory, regulatory, and contractual requirements as may be applicable to the receipt and expenditure of Commonwealth of Kentucky funds. Previously approved equipment purchases are allowed under this Grant Agreement but are limited to $25,000 unless otherwise justified by the Applicant and approved by KSTC.

Funding Amount and Use. Subject to the terms and conditions of this Agreement, KSTC hereby agrees to provide grant funds to Grantee for direct costs, consistent with the Program Guidelines (Exhibit B) an amount not to exceed $150,000 (One-hundred fifty thousand dollars). All funds provided by KSTC shall be expended by Grantee: 1) in accordance with the budget as detailed in the above referenced SBIR proposal KSTC-16KSTC-012-OCIS-173 DCIS-135 and all the terms and conditions of this Agreement and Program Guidelines and 2) in compliance with applicable law, including other statutory, regulatory, and contractual requirements as may be applicable to the receipt and expenditure of Commonwealth of Kentucky funds. Previously approved equipment purchases are allowed under this Grant Agreement but are limited to $25,000 unless otherwise justified by the Applicant and approved by KSTC.

Funding Amount and Use. Subject to the terms and conditions of this Agreement, KSTC hereby agrees to provide grant funds to Grantee for direct costs, consistent with the Program Guidelines (Exhibit BC) an amount not to exceed $150,000 100,000 (One-hundred fifty thousand dollarsOne Hundred Thousand Dollars). All funds provided by KSTC shall be expended by Grantee: 1) in accordance with the budget as detailed in the above referenced SBIR proposal KSTC-16KSTC-02-OCIS-173 DCIS-029 and all the terms and conditions of this Agreement and Program Guidelines (Exhibit C) and 2) in compliance with applicable law, including other statutory, regulatory, and contractual requirements as may be applicable to the receipt and expenditure of Commonwealth of Kentucky funds. Previously approved equipment Equipment purchases are allowed under this Grant Agreement but are limited to $25,000 unless otherwise justified by the Applicant and approved by KSTC.