POST-FUNDING definition
POST-FUNDING. ADMINISTRATIVE FEES Payment to Participants
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Related to POST-FUNDING
Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subrecipients, 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:
Interest Funding Account shall have the meaning specified in subsection 4.2(b).
Project Funding means the funding for the Services;
Pre-Funding Period The period commencing on the Closing Date and ending on the earliest to occur of (i) the date on which the amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) is less than $100,000, and (ii) September 22, 2006.
Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.