Common use of COST AND PAYMENTS Clause in Contracts

COST AND PAYMENTS. In consideration of satisfactory performance of the services described in the Grantee’s application, the California Community Colleges, Chancellor’s Office (hereinafter Chancellor’s Office) agrees to pay the Grantee a total amount not to exceed the “Grant Funds” amount stated on the fully executed Grant Agreement face sheet, which shall be used as set forth in the Application Budget. Payment shall be made as follows: ⚫ An advance payment of 40% of the total amount of this Grant Agreement will be paid as soon as feasible after the Grant Agreement is fully executed. ⚫ Grantee may submit request for progress payments at the time that year-to- date quarterly and expenditures reports are submitted pursuant to section 4 of this Article. Payment will be made after review and approval of the quarterly reports by the Chancellor’s Office. Progress payment(s) can only be made up to 90% of the total grant amount as the last 10% is withheld pending satisfactory performance and submittal of final performance and expenditure reports. ⚫ A final payment will be calculated based on the Final Performance and Expenditure Reports due by July 31, 2018. If the total expenditure of funds by that date is less than the advance payment, the Chancellor’s Office may invoice the Grantee for the excess amount. Xxxxxxx agrees to expend matching funds at least equal to the match identified on the face sheet of this Grant Agreement. Payments shall be based on project costs reduced to the extent of required matching funds.

COST AND PAYMENTS. In consideration of satisfactory performance of the services described in the Grantee’s 's application, the California Community Colleges, Chancellor’s Office (hereinafter Chancellor’s 's Office) agrees to pay the Grantee a total amount not to exceed the “"Grant Funds” " amount stated on the fully executed Grant Agreement face sheet, which shall be used as set forth in the Application Budget. Payment shall be made as follows: ⚫ • An advance payment of 40% of the total amount of this Grant Agreement will be paid as soon as feasible after the Grant Agreement is fully executed. ⚫ • Grantee may submit request for progress payments at the time that year-to- date quarterly and expenditures reports are submitted pursuant to section 4 of this Article. Payment will be made after review and approval of the quarterly reports by the Chancellor’s 's Office. Progress payment(s) can only be made up to 90% of the total grant amount as the last 10% is withheld pending satisfactory performance and submittal of final performance and expenditure reports. ⚫ • A final payment will be calculated based on the Final Performance and Expenditure Reports due by July 31February 28, 20182019. If the total expenditure of funds by that date is less than the advance payment, the Chancellor’s 's Office may invoice the Grantee for the excess amount. Xxxxxxx agrees to expend matching funds at least equal to the match identified on the face sheet of this Grant Agreement. Payments shall be based on project costs reduced to the extent of required matching funds.

COST AND PAYMENTS. In consideration of satisfactory performance of the services described in the Grantee’s application, the California Community Colleges, Colleges Chancellor’s Office (hereinafter Chancellor’s Office) agrees to pay the Grantee a total amount not to exceed the “Grant Funds” amount stated on the fully executed Grant Agreement face sheet, which shall be used as set forth in the Application Budget. Payment shall be made as follows: ⚫  An advance payment of 40% of the total amount of this Grant Agreement will be paid as soon as feasible after the Grant Agreement is fully executed. ⚫  Grantee may submit request for progress payments at the time that year-to- to-date quarterly and expenditures reports are submitted pursuant to section 4 of this Article. Payment will be made after review and approval of the quarterly reports by the Chancellor’s Office. Progress payment(s) can only be made up to 90% of the total grant amount as the last 10% is withheld pending satisfactory performance and submittal of final performance and expenditure reports. ⚫  A final payment will be calculated based on the Final Performance and Expenditure Reports due by July 31February 28, 20182017. If the total expenditure of funds by that date is less than the advance payment, the Chancellor’s Office may invoice the Grantee for the excess amount. Xxxxxxx agrees to expend matching funds at least equal to the match identified on the face sheet of this Grant Agreement. Payments shall be based on project costs reduced to the extent of required matching funds.

COST AND PAYMENTS. In consideration of satisfactory performance of the services described in the Grantee’s 's application, the California Community Colleges, Chancellor’s Office (hereinafter Chancellor’s 's Office) agrees to pay the Grantee a total amount not to exceed the “"Grant Funds” " amount stated on the fully executed Grant Agreement face sheet, which shall be used as set forth in the Application Budget. Payment shall be made as follows: ⚫ • An advance payment of 40% of the total amount of this Grant Agreement will be paid as soon as feasible after the Grant Agreement is fully executed. ⚫ • Grantee may submit request for progress payments at the time that year-to- date quarterly and expenditures reports are submitted pursuant to section 4 of this Article. Payment will be made after review and approval of the quarterly reports by the Chancellor’s 's Office. Progress payment(s) can only be made up to 90% of the total grant amount as the last 10% is withheld pending satisfactory performance and submittal of final performance and expenditure reports. ⚫ • A final payment will be calculated based on the Final Performance and Expenditure Reports due by July 31March 1, 20182019. If the total expenditure of funds by that date is less than the advance payment, the Chancellor’s 's Office may invoice the Grantee for the excess amount. Xxxxxxx agrees to expend matching funds at least equal to the match identified on the face sheet of this Grant Agreement. Payments shall be based on project costs reduced to the extent of required matching funds.

COST AND PAYMENTS. In consideration of satisfactory performance of the services described in the Grantee’s 's application, the California Community Colleges, Chancellor’s Office (hereinafter Chancellor’s 's Office) agrees to pay the Grantee a total amount not to exceed the “"Grant Funds” " amount stated on the fully executed Grant Agreement face sheet, which shall be used as set forth in the Application Budget. Payment shall be made as follows: ⚫ • An advance payment of 40% of the total amount of this Grant Agreement will be paid as soon as feasible after the Grant Agreement is fully executed. ⚫ • Grantee may submit request for progress payments at the time that year-to- date quarterly and expenditures reports are submitted pursuant to section 4 of this Article. Payment will be made after review and approval of the quarterly reports by the Chancellor’s 's Office. Progress payment(s) can only be made up to 90% of the total grant amount as the last 10% is withheld pending satisfactory performance and submittal of final performance and expenditure reports. ⚫ • A final payment will be calculated based on the Final Performance and Expenditure Reports due by July 31February 28, 2018. 2019 If the total expenditure of funds by that date is less than the advance payment, the Chancellor’s 's Office may invoice the Grantee for the excess amount. Xxxxxxx agrees to expend matching funds at least equal to the match identified on the face sheet of this Grant Agreement. Payments shall be based on project costs reduced to the extent of required matching funds.

COST AND PAYMENTS. In consideration of satisfactory performance of the services described in the Grantee’s application, the California Community Colleges, Colleges Chancellor’s Office (hereinafter Chancellor’s Office) agrees to pay the Grantee a total amount not to exceed the “Grant Funds” amount stated on the fully executed Grant Agreement face sheet, which shall be used as set forth in the Application Budget. Payment shall be made as follows: ⚫  An advance payment of 40% of the total amount of this Grant Agreement will be paid as soon as feasible after the Grant Agreement is fully executed. ⚫  Grantee may submit request for progress payments at the time that year-to- to-date quarterly and expenditures reports are submitted pursuant to section 4 of this Article. Payment will be made after review and approval of the quarterly reports by the Chancellor’s Office. Progress payment(s) can only be made up to 90% of the total grant amount as the last 10% is withheld pending satisfactory performance and submittal of final performance and expenditure reports. ⚫  A final payment will be calculated based on the Final Performance and Expenditure Reports due by July 31February 28, 20182020. If the total expenditure of funds by that date is less than the advance payment, the Chancellor’s Office may invoice the Grantee for the excess amount. Xxxxxxx agrees to expend matching funds at least equal to the match identified on the face sheet of this Grant Agreement. Payments shall be based on project costs reduced to the extent of required matching funds.