Common use of Budget Alterations Clause in Contracts

Budget Alterations. (i) Subject to paragraph (ii) below, Grantee shall have discretion to reallocate an amount not greater than 10 percent of the Grant Funds, in the aggregate, among budget line items otherwise funded in whole or in part with Grant Funds, and any such reallocation shall be considered by Grantor to be consistent with the Project budget. In the event Grantee makes a budget alteration as permitted by this paragraph, Grantee shall submit with its request for reimbursement a revised Project budget reflecting the alteration. Any changes to the Project budget beyond the scope of this paragraph, including, without limitation, alterations that add budget line items or total, cumulatively with prior alterations, more than 10 percent of the Grant Funds may be affected only by amendment of this Agreement as provided in Section 16(e).

Budget Alterations. (i) Subject to paragraph (ii) below, Grantee shall have discretion to reallocate an amount not greater than 10 percent 10% of the Grant Funds, in the aggregate, among budget line items otherwise funded in whole or in part with Grant Funds, and any such reallocation shall be considered by Grantor to be consistent with the Project budget. In the event Grantee makes a budget alteration as permitted by this paragraph, Grantee shall submit with its request for reimbursement a revised Project budget reflecting the alteration. Any changes to the Project budget beyond the scope of this paragraph, including, without limitation, alterations that add budget line items or total, cumulatively with prior alterations, more than 10 percent 10% of the Grant Funds may be affected only by amendment of this Agreement as provided in Section 16(e).

Budget Alterations. (i) Subject to paragraph (ii) below, Grantee shall have discretion to reallocate an amount not greater than 10 ten percent (10%) of the Grant Funds, in the aggregate, among budget line items otherwise funded in whole or in part with Grant Funds, and any such reallocation shall be considered by Grantor to be consistent with the Project budget. In the event Grantee makes a budget alteration as permitted by this paragraph, Grantee shall submit with its request for reimbursement a revised Project budget reflecting the alteration. Any changes to the Project budget beyond the scope of this paragraph, including, without limitation, alterations that add budget line items or total, cumulatively with prior alterations, more than 10 ten percent (10%) of the Grant Funds may be affected only by amendment of this Agreement as provided in Section 16(e).