Beneficiary Contribution definition
Beneficiary Contribution means a contribution by a Beneficiary in cash, kind or labor, calculated in accordance with the provisions contained in Part G of Schedule 5 to this Agreement;
Examples of Beneficiary Contribution in a sentence
If the actual project cost, determined in accordance with the account reports approved by Corfo, is less than the awarded budget, the beneficiary must repay the grant amount exceeding the percentage of co-financing approved by the Subcommittee, calculated on the basis of actual cost, so that the relationship of the Beneficiary Contribution remains constant as compared to the Contribution of Corfo.