Budget cap. A State or Territory may not make a payment to a nonentitlement unit of local government pursuant to section 603(b)(2)(C) of the Social Security Act and paragraph (a) of this section in excess of the amount equal to 75 percent of the most recent budget for the nonentitlement unit of local government as of January 27, 2020. A State or Territory shall permit a nonentitlement unit of local government without a formal budget as of January 27, 2020, to provide a certification from an authorized officer of the nonentitlement unit of local government of its most recent annual expenditures as of January 27, 2020, and a State or Territory may rely on such certification for purposes of complying with this paragraph (b).
Budget cap. SAMPLE Total production budget cannot exceed $1,500,000. To qualify, Employer agrees to provide detailed production information, budget, and financials regarding the Interactive Program and will submit a final cost analysis upon completion.
Budget cap. (New Section to Article 1, Section 19) Total Production budget cannot exceed $250,000. To qualify, Employer agrees to provide detailed production information, budget and financials regarding game and will submit a Final Cost Analysis upon completion. 2016 Low Budget Video Game Agreement - page 2 of 3
Budget cap. The Parties acknowledge and agree that the total Project Costs, excluding Cost Overruns and Excluded Costs, shall be a maximum of Sxity-Nine Million Dollars ($69,000,000.00) (the "Budget Cap"); provided, however, the Soccer Stadium must meet the Design Standards.
Budget cap. The amount set forth as the total Project Costs in the Master Project Budget approved by the County shall establish the Budget Cap. Any Project Costs that exceed the Budget Cap shall be the responsibility of, and shall be paid for by Developer and no such payments shall be eligible for reimbursement under this Agreement.
Budget cap. Developer covenants that the total Project Costs shall not exceed the Budget Cap. Developer shall pay all Cost Overruns.
Budget cap. Notwithstanding Section 4.4(a), but subject to Section 4.4(d), ChemoCentryx shall not be obligated to pay a total amount for Third Party expenses and internal expenses under the Development Plan for the Initial Indication as measured by the Initial Indication Fully-Burdened Budget in excess of [***] (the “Budget Cap”). Accordingly, if the budget in the Development Plan for the Initial Indication, as adjusted pursuant to Section 4.4(b), is increased such that the Initial Indication Fully-Burdened Budget exceeds the Budget Cap, then ChemoCentryx shall elect one of the following by written notice to VIT, such election to be at ChemoCentryx’s sole discretion, but subject to Section 4.4(d): (i) to continue bearing its [***] share of the Initial Indication Fully-Burdened Budget or (ii) to have VIT reimburse ChemoCentryx, in addition to paying the Development Funding Payments and true-up payments under Section 4.4(c), for [***] (i.e., ChemoCentryx’s share) of the amount by which the Initial Indication Fully-Burdened Budget exceeds the Budget Cap (the “Advanced Amount”). From and after the date on which ChemoCentryx first incurs any Advanced Amount, if *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Budget cap. Notwithstanding anything contained in this Agreement to the contrary, no Member shall be obligated to make any Capital Contributions in respect of the Committed Facilities to the extent that such Capital Contributions would, taking into account all Capital Contributions previously made by such Member with respect to such Committed Facilities, exceed such Member’s applicable Budget Cap with respect to such Committed Facilities. The Members acknowledge that each Budget Cap applicable to each Member shall initially be set at an amount equal to (i) 110% of such Member’s Percentage Interest of the Initial Facilities Budget (in effect as of the Effective Date) with respect to the Initial Facilities or (ii) the amount in U.S. dollars set forth opposite such Member’s name in Attachment D to the Initial Resolution with respect to the PA Required Expansion Facilities, as applicable, and that the Budget Cap for each Member that voted to approve a Budget Overrun shall be deemed to be automatically increased by an amount equal to such Member’s Percentage Interest of the amount of such Budget Overrun. A Budget Cap applicable to any Member shall not be reduced under any circumstances, including as a result of such Member becoming a Diluting Member or Defaulting Member.
Budget cap. A State or Territory may not make a payment to a non- entitlement unit of local government pursuant to section 603(b)(2)(C) of the Social Security Act and paragraph (a) of this section in excess of the amount equal to 75 percent of the most recent budget for the nonentitlement unit of local government as of January 27, 2020. A State or Territory shall permit a nonentitlement unit of local govern- ment without a formal budget as of January 27, 2020, to provide a certifi- cation from an authorized officer of the nonentitlement unit of local govern- ment of its most recent annual expend- itures as of January 27, 2020, and a State or Territory may rely on such certification for purposes of complying with this paragraph (b).
