Matched Funds definition
Examples of Matched Funds in a sentence
The Funding and Matched Funds shall be used exclusively for the payment of expenses included in the Budget.
Sangamo shall prepare and maintain complete and accurate books and records in accordance with GAAP documenting its expenditure of funds in connection with the Research Program (including financial records of expenditures of the Award Received and the Matched Funds), and shall keep all such books and records for no less than a period of three (3) years following the Research Termination Date.
Sangamo hereby covenants and agrees to solely use the Award Received and the Matched Funds to fund the Research Program.
PTI shall prepare and maintain complete and accurate books and records in connection with the Research Program (including financial records of expenditures under the Award and the Matched Funds) and the development and commercialization of any Product, and shall keep all such books and records in a manner that is consistent with its document retention policy.
JDRF shall pay the costs of such audit and examination of such financial records, provided, however, that, if such audit and examination reveals an over-reporting by Sangamo to JDRF of Matched Funds or expenditures attributed to the JDRF Studies of more than five percent (5%), then the reasonable costs of such audit and examination shall be borne by Sangamo and Sangamo shall reimburse JDRF for all of the reasonable costs and expenses incurred by JDRF in connection with such audit and examination.
Affimed will endeavor to raise the Matched Funds, in accordance with the Budget.
County shall not be responsible for providing any additional financial contribution to City, for the Project’s PS&E Phase, in excess of the Matched Funds defined herein.
If Affimed is unable to raise the Matched Funds within ***** after the Effective Date, either LLS or Affimed shall have the right to terminate this Agreement thereafter by providing written notice to the other.
Budget Table Itemized Budget Description Amount Required 14.5% Local Matched Funds $30,450.00 Total Approved Budget $179,550.00 B.
The Owner’s Matched Funds shall be initially deposited into the County’s SCRIP and subsequently provided to the City solely to fund the timely completion of the Project’s Plans, Specifications and Estimate (“PS&E”) Phase including but not limited to the Project’s initial designs, environmental studies and other preliminary items.