Eligible Costs definition
Examples of Eligible Costs in a sentence
Subject to the terms and conditions of this Agreement, Ontario shall provide the Recipient with an amount up to Five Million Dollars ($5,000,000) in Funds for Eligible Costs for the Project.
Subject to the terms and conditions of this Agreement and Part D.2 of this Schedule "D" of the Agreement, Eligible Costs shall only include all direct and incremental costs that are attributable to the development and implementation of the Project and are in Ontario's sole and absolute discretion, properly and reasonably incurred as well as necessary for the Project.
Using the same method of calculation as in Milestone 2, (i) The balance of the Funds, if any, to the limit of the Maximum Funds, or (ii) The balance, if any, of the Funds calculated by multiplying the Percentage of Provincial Support against the Recipient's Total Net Eligible Costs as certified in the Final Report, whichever aggregate amount is smaller.
The Recipient may reallocate Eligible Costs from the Capital Cost category to the Program Delivery cost category, without prior written approval, when the cumulative sum of all transfers is less than 5% of the Capital Cost category's original fiscal year budget, to a maximum of $50,000.
Any Funds being provided under this Agreement shall only be used for the payment of Eligible Costs for the Project.