Aggregate Expenditure definition
Examples of Aggregate Expenditure in a sentence
In addition, the Recipient will provide an independent audit opinion, or an attestation based on an independent audit and signed by a senior official designated in writing by the Recipient, as appropriate, as to: • The accuracy of the information submitted in the Recipient Balance and Municipal Aggregate Expenditure Report tables; and • That Provincial funding and unspent funds, and any interest thereon, were expended for the purposes intended.
Make or commit to make any Basket Expenditure if, giving effect thereto, the aggregate Basket Expenditures made or committed to be made following the Closing Date would exceed the Aggregate Expenditure Basket.
Notwithstanding anything contained to the contrary in this Section 6.05, in no event shall the Borrower Consolidation make any Capital Expenditures except to the extent permitted under the definition of Aggregate Expenditure Availability.
Notwithstanding the foregoing, the Purchaser may, in its sole and absolute discretion, incur additional Expenditures on any property in the Portfolio, but the total Aggregate Expenditure shall not exceed $2,000,000.
For the Final Report, the Recipient will provide an independent audit opinion, or an attestation based on an independent audit and signed by a senior official designated in writing by the Recipient, as appropriate, as to: • The accuracy of the information submitted in the Recipient Balance and Municipal Aggregate Expenditure Report tables; and • That Provincial funding and unspent funds, and any interest thereon, were expended for the purposes intended.