AUTHORIZED FUNDING. VRE shall not be obligated to pay the Contractor any amount in excess of the ceiling price reflected in the Contract, and the Contractor shall not be obligated to continue performance if to do so would exceed the price set forth in the Contract.
AUTHORIZED FUNDING. The total authorized funding provided to the Subawardee is stated on the Cover. It is anticipated that this project will be funded for the project period noted on Cover. However, extension of the budget period of this Agreement is subject to continuation by the Sponsor with specific funds awarded for the Subawardee's portion of the work.
AUTHORIZED FUNDING. The dollar figures in this block refer to the Federal funds provided to a recipient during the award periods. *THIS ACTION - The amount of funds obligated (added) or de-obligated (subtracted) by this notification. *BUDGET PERIOD - The total amount of funds available for use by the grantee during the stated budget period to this date. *PERFORMANCE PERIOD - The amount of funds obligated from the start date of the first budget period to this date. RECIPIENT COST SHARE - The funds, expressed as a percentage, that the recipient is required to contribute to the project, as defined by the program legislation or regulations and/or terms and conditions of the award. RECIPIENT NON-FEDERAL AMOUNT - The amount of non-federal funds the recipient must contribute to the project as identified in the recipient's application. When non- federal funds are identified by the recipient where a cost share is not a legislation requirement, the recipient will be required to provide the non-federal funds.
AUTHORIZED FUNDING. CURRENT AWARD AMOUNT - The amount of funds that are obligated (added) or de-obligated (subtracted) by this action. PREVIOUS CUMULATIVE AMOUNT - The total amount of funds awarded under the grant before this action. CUMULATIVE AMOUNT - The total amount of funds awarded under the grant, this action included. * This item differs or does not appear on formula and block grants.
AUTHORIZED FUNDING a. This Agreement has an authorized funded value of $2,726,076.72, in accordance with Attachment D, Price Schedule. This value represents the maximum amount the Subcontractor is currently authorized to expend in performance of the work authorized hereunder.
AUTHORIZED FUNDING. 1.5 ACO shall provide the Services (a) in accordance with the terms and subject to the conditions set forth in the respective Task Order and this Agreement; (b) using personnel with required skills, experience, and qualifications; (c) in a timely, workmanlike, and professional manner; (d) in accordance with the professional standards recognized in the U.S. nuclear fuel industry; and (e) to the satisfaction of X-energy.
AUTHORIZED FUNDING. 1.7 ACO shall provide the Services (a) in accordance with the terms and subject to the conditions set forth in the respective Task Order and this Agreement; (b) using personnel with required skills, experience, and qualifications; (c) in a timely, workmanlike, and professional manner; (d) in accordance with the professional standards recognized in the U.S. nuclear fuel industry; and (e) to the satisfaction of X-energy. 2. Indefinite Quantity 2.1 Performance shall be made only as authorized by formal Task Orders issued in accordance with Sections 1.6 through 1.10. 2.2 There is no limit to the number of Task Orders that may be issued. X-energy may issue Task Orders as a result of Task Order RFPs issued in accordance with Section 1.7. 2.3 This Agreement and the work conducted pursuant to Task Orders issued hereunder is not intended to be exclusive as between the Parties. 3. In-Kind Contributions 3.1 In-kind contributions represent non-cash contributions provided by ACO, which can be applied by X-energy to fulfill a portion of X-Energy’s cost-sharing obligation to the DOE under the Cooperative Agreement. In-kind contributions may be in the form of personal property (equipment and supplies), real property (land and buildings) or services which are directly beneficial, specifically identifiable and necessary to performance of the project or program under the Cooperative Agreement. 3.2 In-kind contributions will be identified in the Task Orders issued under this Agreement and are required to be: 3.2.1 Valued at no more than fair market value. 3.2.2 Verifiable from supporting documentation provided by ACO. 3.2.3 Necessary for the effective and efficient accomplishment of the Project. 3.2.4 Types of charges that would otherwise be allowable under ACO’s Cost Accounting Standards Disclosure Statement and applicable Federal Acquisition Regulation standards and requirements. 3.2.5 Not charged to the Federal Government under any contract, agreement or grant, unless specifically authorized by legislation. 3.2.6 Not included as contributions for any other Federal program. 3.3 It is the Parties’ intent that a portion of ACO’s potential in-kind contribution will be in the form of a ***** reduction of the rent and certain other agreed-upon costs, which X-energy would otherwise pay to utilize the Premises (as defined below). The “Premises” shall refer to a 43,500 square foot portion of X Energy, LLC 0000 Xxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxx, XX 00000 3
AUTHORIZED FUNDING a. This Subcontract has an not-to-exceed authorized funded value of $334,257.83, in accordance with Attachment C, Price Schedule. This value represents the maximum amount the Subcontractor is currently authorized to expend in performance of the work authorized hereunder.
AUTHORIZED FUNDING. Current Approved Project (total dollars available prior to any amendments); Amendment Amount (total amount of increase or decrease in project funding); Estimated Roll Forward (roll forward funds which have been estimated into this project); and Total Project Amount (total dollars awarded for this project). 8 Reimbursement Options: Federal Cash Advance –On-Line Reporting required monthly to record expenditures. Advance Payment – Upon receipt of the Project Award Notification, up to 25% of the total award may be advanced for the first payment period. To receive subsequent payments, 90% of previous expenditures must be documented and approved by the Department. Quarterly Advance to Public Entity – For quarterly advances of non-federal funding to state agencies and LEAs made in accordance within the authority of the General Appropriations Act. Expenditures must be documented and reported to DOE at the end of the project period. If audited, the recipient must have expenditure detail documentation supporting the requested advances. Reimbursement with Performance - Payment made upon submission of documented allowable expenditures, plus documentation of completion of specified performance objectives.
AUTHORIZED FUNDING. The authorized funding for this Agreement, including Travel and ODCs, will be specified with each Task Order. ICI will not pay the Subcontractor any amount(s) greater than the funding limitations specified in the individual Task Order. For Cost-Plus, Fixed-Unit-Price, and Time-and-Materials Task Orders, the Subcontractor shall notify ICI’s Subcontract Administrator, in writing, sixty (60) days in advance if the Subcontractor believes that the costs/fees that will become due to the Subcontractor under each Task Order, when added to all other costs/fees previously accrued, will exceed seventy-five percent (75%) of the authorized funding. As part of the notification, the Subcontractor shall include an estimate of additional funds required (if applicable) and include labor category and number of hours, travel, and ODCs. B-5. Ordering Any supplies and services to be furnished under this Agreement shall be ordered by issuance of Task Orders by the ICI Subcontract Administrator. ICI is under no obligation to issue any Task Orders hereunder. Attachment C contains sample formats for various Task Order types.
