Common use of PROJECT FUNDS Clause in Contracts

PROJECT FUNDS. WRF will disburse the Project Funds in installments directly to Sub-recipient. The amount of the Project Funds was set based on Sub-recipient’s budget attached in Exhibit C and is a “not to exceed” amount. WRF will not make any payments in excess of such amount. Disbursement of all Project Funds is subject to Sub-recipient’s compliance with this Section III and Exhibit C. Any increase in a budget line item by more than 10% of such line item’s stated budget may require an amendment, even if other budget decreases offset such increase and there is no overall increase to the required Project Funds

PROJECT FUNDS. WRF will disburse the Project Funds in installments directly to Sub-recipient. The amount of the Project Funds was set based on Sub-recipient’s budget attached in Exhibit C and is a “not to exceed” amount. WRF will not make any payments in excess of such amount. Disbursement of all Project Funds is subject to Sub-recipient’s compliance with this Section III and Exhibit C. Any increase in a budget line item by more than 10% of such line item’s stated budget may shall require an amendmentthe prior written approval of WRF to be reimbursable, even if other budget decreases offset such increase and there is no overall increase to the required Project Funds