Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:
Match funding means the contribution to the Project to meet the balance of Eligible Expenditure not supported by Grant and the Match Funding details are contained in the Project Specific Conditions.
Match funding means any contribution whether cash or in kind offered by or required of the Recipient towards the cost of achieving the Purpose;
Examples of Match funding in a sentence
Match funding can include: • Funding from the grant recipient’s own resources • Grants from trusts and foundations.
More Definitions of Match funding
Match funding means those funds contributed by Funding Recipient, or other entity for the sole purposes of covering the Eligible Costs.
Match funding means any monies offered or required towards the cost of achieving the Purpose as a contribution by the Recipient;A “Mediator” means any independent person/body appointed by both Parties to mediate upon any dispute;A “Month” means any calendar month;An “Outturn Statement” means the detailed end of year monitoring report template found at Annex B to be submitted by the Recipient to the Authority containing a full breakdown of expenditure and income for the entire Funding Period;A “Party” means a signatory to this Grant Agreement;
Match funding means any contribution to the Funded Activities from a Third Party to the Grant Recipient to meet the balance of the Eligible Expenditure not supported by the Grant;
Match funding means any contribution whether cash or in kind offered by, or required of, the Recipient and agreed prior to the signature of the Agreement towards the cost of achieving the Purpose;
Match funding means the arrangements approved by the Council for securing contributions to the Project to meet the balance of Eligible Expenditure not supported by Xxxxx
Match funding means the private and/or public sector contribution to the Project to meet the balance of Eligible Expenditure not supported by the Grant and as set out in the Project Specific Conditions; “Material Breach” means a breach of this Agreement (including an anticipatory breach) which is not minimal or trivial in its consequences including but not limited to the occurrence of any of the following: (a) any information given or representation made by the Grant Recipient in the Application or in any correspondence, report or other document submitted to the Council and/or the LEP relating to the Project or under this Agreement is found to be incorrect or incomplete to an extent which the Council considers to be material; (b) any fraud has been committed by the Grant Recipient and/or its employees in connection with the Project; (c) a breach of the warranties by the Grant Recipient contained in and given pursuant to this Agreement; (d) the Grant Recipient fails to materially comply with the terms and conditions of this Agreement; or (e) the activities carried out by the Grant Recipient are distinct or different from the description set out in the Application having regard also to the intended function of the Project Activities and the end beneficiaries of the Project; “Outputs” means the outputs and results for the Project identified and detailed in Schedule 3 (Project Outputs) to this Agreement; “Not Eligible” means expenditure on the Project that is not Eligible Expenditure; “Ownership, Control and Nature of Business” shall be construed in accordance with section 840 of the Income and Corporation Taxes Act 1988 and section 1162 of the Companies Act 2006 and for the avoidance of doubt shall include an evaluation of dominant influence and shadow directorships in the Grant Recipient from time to time; “Parties” means the Council and the Grant Recipient and "Party" shall be construed accordingly; “Plan” means the plan of the Site attached at Schedule 6 (The Plan); “Project” means the project INSERT FULL PROJECT DESCRTION as fully described in the Application; “Project Activities” means all activities and works to be carried out in implementing the Project; "Project Programme" means the programme agreed between the Parties setting out the stages and timescales of the Project Activities to be carried out for the Project and a copy of which is provided at Schedule 5 (Project Programme) to this Agreement; “Project Specific Conditions” means those conditions which are spec...