Common use of Maximum Subaward Sum Clause in Contracts

Maximum Subaward Sum. 5.1.2.1.1 During the term of this Subaward, Subrecipient shall receive funding for providing the Services outlined in this Subaward ("Subaward Sum" or "Maximum Subaward Sum"). The Maximum Subaward Sum for this Subaward is $[@ Maximum Contract Sum @]. In the event that County exercises its option to extend the Subaward term, Subaward Sum shall be allocated to Subrecipient on an annual basis for each Fiscal (or Program) Year that this Subaward is extended ("Maximum Annual Subaward Sum"). The total of all allocations provided to Subrecipient throughout the term of this Subaward (including any term extensions) shall become the Maximum Subaward Sum.

Appears in 6 contracts

Samples: Joint Powers Agreement, Joint Powers Agreement, wdacs.lacounty.gov

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