Common use of Proportionate Reduction Clause in Contracts

Proportionate Reduction. In the event that the Province provides less than $19.550 million in program funding to FII in 2021/22, FII may reduce the amount specified in Section 2.1 (FII Project Funding) in proportion to the amount by which the funding to FII from the Province is less than $19.550 million.

Proportionate Reduction. In the event that the Province provides less than $19.550 19.050 million in program funding to FII in 2021/222018/19, FII may reduce the amount specified in Section 2.1 (FII Project Funding) in proportion to the amount by which the funding to FII from the Province is less than $19.550 19.050 million.

Proportionate Reduction. In the event that the Province provides less than $19.550 million in program funding to FII in 2021/222020/21, FII may reduce the amount specified in Section 2.1 (FII Project Funding) in proportion to the amount by which the funding to FII from the Province is less than $19.550 million.

Proportionate Reduction. In the event that the Province provides less than $19.550 19.610 million in program funding to FII in 2021/222019/20, FII may reduce the amount specified in Section 2.1 (FII Project Funding) in proportion to the amount by which the funding to FII from the Province is less than $19.550 19.610 million.