Amount Incurred definition
Examples of Amount Incurred in a sentence
Where the Amount Incurred in respect of Fiscal Year 1 and Fiscal Year 2, collectively, is less than the Annual Cap for Fiscal Year 1, Ontario may demand from the Recipient the interest earned in accordance with section 3.3 on the amount by which the Amount Incurred in Fiscal Year 1 and Fiscal Year 2, collectively, is less than the Fiscal Year 1 Annual Cap.
The “Carry Forward Amount” means the amount by which the Amount Incurred in a Fiscal Year exceeds the Annual Cap for that Fiscal Year.
Where the sum of the Amount Incurred in respect of Fiscal Year 1 and Fiscal Year 2 is less than the sum of the Annual Cap for Fiscal Year 1 and Fiscal Year 2, Ontario may reduce the aggregate amount of the Grant without liability, penalty or cost by the difference be- tween (i) the sum of the Annual Cap for Fiscal Year 1 and Fiscal Year 2 and (ii) the sum of the Amount Incurred in respect of Fiscal Year 1 and Fiscal Year 2.
Summary of Reimbursable Expenses Incurred to Date (include details and supporting documentation as an Attachment to this Statement for Services Rendered); Type Amount Incurred Multiplier Total Incurred to Date Travel $ .
Where the sum of the Amount Incurred in re- spect of Fiscal Year 1 and Fiscal Year 2 is less than the sum of the Annual Cap for Fiscal Year 1 and Fiscal Year 2, Ontario may reduce the aggregate amount of the Grant without liability, penalty or cost by the dif- ▇▇▇▇▇▇▇ between (i) the sum of the Annual Cap for Fiscal Year 1 and Fiscal Year 2 and (ii) the sum of the Amount Incurred in respect of Fiscal Year 1 and Fiscal Year 2.
Notwithstanding any other provision in this Agreement, if an amount payable under or in connection with this Agreement (whether by way of reimbursement, indemnity or otherwise) is calculated by reference to an amount incurred by a party, whether by way of cost, expense, outlay, disbursement or otherwise ("Amount Incurred"), the amount payable shall be reduced by the amount of any Input Tax Credit to which that party is entitled in respect of that Amount Incurred.