Legally Commit definition

Legally Commit means at any time, a present or accrued obligation on You under contract or at Law to pay money to a third party. It does not include any future obligation to make payment to a third party:
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Examples of Legally Commit in a sentence

  • Without limitation to clause 10.3(a), the Recipient must not amend the Budget or otherwise apply or Legally Commit the Funds without the prior written consent of the Departments if such action would result in the total Eligible Expenditures incurred or expected to be incurred to be sourced from the Funds exceeding the Grant Funding Percentage.

  • Subject to clause 6.5(b), the Recipient must apply or Legally Commit the Funds only: for Eligible Expenditure; in accordance with, and as contemplated by, the then-current Budget; so that at all times no more than the Grant Funding Percentage for total Eligible Expenditure incurred or expected to be incurred is sourced from the Funds; and in accordance with the terms and conditions set out in this Funding Agreement.

  • Part 2 – Funds Use of Funds by the Recipient The Recipient must: spend or Legally Commit the Funds for the purposes of undertaking the Project and purposes that are incidental to the Project, including to pay the costs contemplated by the [Budget and the ]Financial Model; [Note: A separate Budget may not be required depending on the detail of a Recipient’s Financial Model.