Common use of Cooperative Agreement Funding Clause in Contracts

Cooperative Agreement Funding. This Cooperative Agreement is incrementally funded in the amount of $23,012,078.60. Of this amount, $13,724,629.00 is for the Base Period and $9,287,449.60 is for the Option 1 Period. The Government’s obligation to make payments to the Recipient is limited to only those funds obligated by this Cooperative Agreement or by modification to this Cooperative Agreement. Subject to availability of funds and continued satisfactory progress on the Cooperative Agreement as determined by the Government, the Government may agree to provide additional funding. The unfunded balance is $282,458.40. The Recipient shall notify the AGO in writing promptly whenever the total Agreement amount is expected to exceed the needs of the Recipient for the project period by more than $5,000 or 5% of the award, whichever is greater. This notification shall not be required if an application for additional funding is submitted for a continuation award.

Appears in 1 contract

Samples: Cooperative Agreement

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Cooperative Agreement Funding. This Cooperative Agreement is incrementally funded in the amount of $23,012,078.6017,086,715. Of this amount, $13,724,629.00 13,724,629 is for the Base Period and $9,287,449.60 3,362,086 is for the Option 1 Period. The Government’s obligation to make payments to the Recipient is limited to only those funds obligated by this Cooperative Agreement or by modification to this Cooperative Agreement. Subject to availability of funds and continued satisfactory progress on the Cooperative Agreement as determined by the Government, the Government may agree to provide additional funding. The unfunded balance is for Option 1is $282,458.405,649,828. The Recipient shall notify the AGO in writing promptly whenever the total Agreement amount is expected to exceed the needs of the Recipient for the project period by more than $5,000 or 5% of the award, whichever is greater. This notification shall not be required if an application for additional funding is submitted for a continuation award. 2. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Appears in 1 contract

Samples: Cooperative Agreement

Cooperative Agreement Funding. This Cooperative Agreement is incrementally funded in the amount of $23,012,078.6021,333,592.00. Of this amount, $13,724,629.00 is for the Base Period and $9,287,449.60 7,608,963.00 is for the Option 1 Period. The Government’s obligation to make payments to the Recipient is limited to only those funds obligated by this Cooperative Agreement or by modification to this Cooperative Agreement. Subject to availability of funds and continued satisfactory progress on the Cooperative Agreement as determined by the Government, the Government may agree to provide additional funding. The unfunded balance is $282,458.401,402,591.00. The Recipient shall notify the AGO in writing promptly whenever the total Agreement amount is expected to exceed the needs of the Recipient for the project period by more than $5,000 or 5% of the award, whichever is greater. This notification shall not be required if an application for additional funding is submitted for a continuation award.

Appears in 1 contract

Samples: Cooperative Agreement

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Cooperative Agreement Funding. This Cooperative Agreement is incrementally funded in the amount of $23,012,078.6018,086,715.00. Of this amount, $13,724,629.00 13,724,629 is for the Base Period and $9,287,449.60 4,362,086 is for the Option 1 Period. The Government’s obligation to make payments to the Recipient is limited to only those funds obligated by this Cooperative Agreement or by modification to this Cooperative Agreement. Subject to availability of funds and continued satisfactory progress on the Cooperative Agreement as determined by the Government, the Government may agree to provide additional funding. The unfunded balance is $282,458.404,649,828. The Recipient shall notify the AGO in writing promptly whenever the total Agreement amount is expected to exceed the needs of the Recipient for the project period by more than $5,000 or 5% of the award, whichever is greater. This notification shall not be required if an application for additional funding is submitted for a continuation award.

Appears in 1 contract

Samples: Cooperative Agreement

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