Common use of Formal Budget Modification Clause in Contracts

Formal Budget Modification. a. Notwithstanding Section XXVIII of this Contract, prior to incurring any costs, CONTRACTOR shall obtain COMMISSION’s prior written approval, pursuant to a formal budget modification. b. A formal budget modification is 1) any modification to an originating cost category with a total of more than Five Thousand Dollars ($5,000), in which the modification will exceed ten percent (10%) of the total originating cost category; or 2) any modification to a cost category for which no dollar amount is budgeted. c. CONTRACTOR shall address and send a request for a formal budget modification to the designated COMMISSION staff, with the appropriate “Formal Budget Modification Summary” forms on or before the first (1st) of the month prior to the month in which the actual expenses will be incurred. CONTRACTOR shall not be permitted a formal budget modification during the first two (2) months or the last two (2) months of the term of this Contract, unless authorized by COMMISSION staff. d. CONTRACTOR is only permitted two (2) approved formal budget modifications during the term of this Contract. COMMISSION’s approval of a formal budget modification shall be contingent on CONTRACTOR’s timely submission of documentation required by COMMISSION.

Appears in 4 contracts

Samples: Contract, Contract, Contract

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Formal Budget Modification. a. Notwithstanding Section XXVIII 9.1 of this ContractGrant Agreement, prior to incurring any costs, CONTRACTOR GRANTEE shall obtain COMMISSION’s prior written approval, pursuant to a formal budget modification. b. A formal budget modification is 1) any modification to an originating cost category with a total of more than Five Thousand Dollars ($5,000), in which the modification will exceed ten percent (10%) of the total originating cost category; or 2) any modification to a cost category for which no dollar amount is budgeted. c. CONTRACTOR GRANTEE shall address and send a request for a formal budget modification to the designated COMMISSION staff, with the appropriate “Formal Budget Modification Summary” forms on or before the first (1st) of the month prior to the month in which the actual expenses will be incurred, unless otherwise authorized by the designated COMMISSION staff. CONTRACTOR GRANTEE shall not be permitted a formal budget modification during the first two (2) months or the last two (2) months of the term of this ContractGrant Period, unless authorized by COMMISSION staff. d. CONTRACTOR GRANTEE is only permitted two (2) approved formal budget modifications modification requests during the term of this ContractGrant Period. COMMISSION’s approval of a formal budget modification shall request will be contingent on CONTRACTORGRANTEE’s timely submission of documentation required by COMMISSION.

Appears in 3 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

Formal Budget Modification. a. Notwithstanding Section XXVIII of this Contract, prior Prior to incurring any costs, CONTRACTOR GRANTEE shall obtain COMMISSION’s prior written approval, pursuant to a formal budget modification. b. A formal budget modification is 1) any modification to an originating cost category with a total of more than Five Thousand Dollars ($5,000), in which the modification will exceed ten percent (10%) of the total originating cost category; or 2) any modification to a cost category for which no dollar amount is budgeted. c. CONTRACTOR GRANTEE shall address and send a request for a formal budget modification to the designated COMMISSION staff, with the appropriate “Formal Budget Modification Summary” forms on or before the first (1st) of the month prior to the month in which the actual expenses will be incurred, unless otherwise authorized by the designated COMMISSION staff. CONTRACTOR GRANTEE shall not be permitted a formal budget modification during the first two (2) months or the last two (2) months of the term of this ContractGrant Period, unless authorized by COMMISSION staff. d. CONTRACTOR GRANTEE is only permitted two (2) approved formal budget modifications modification requests during the term of this ContractGrant Period. COMMISSION’s approval of a formal budget modification shall request will be contingent on CONTRACTORGRANTEE’s timely submission of documentation required by COMMISSION.

Appears in 1 contract

Samples: Grant Agreement

Formal Budget Modification. a. Notwithstanding Section XXVIII of this Contract, prior to incurring any costs, CONTRACTOR shall obtain COMMISSION’s prior written approval, pursuant to a formal budget modification. b. A formal budget modification is 1) any modification to an originating cost category with a total of more than Five Thousand Dollars ($5,000), in which the modification will exceed ten percent (10%) of the total originating cost category; or 2) any modification to a cost category for which no dollar amount is budgeted. c. CONTRACTOR shall address and send a request for a formal budget modification to the designated COMMISSION staff, with the appropriate “Formal Budget Modification Summary” forms on or before the first (1st) of the month prior to the month in which the actual expenses will be incurred. CONTRACTOR shall not be permitted a formal budget modification during the first two (2) months or the and last two (2) months of the term of this Contract, unless authorized by COMMISSION staff. d. CONTRACTOR is only permitted two one (21) approved formal budget modifications modification during the term of this Contract. COMMISSION’s approval of a formal budget modification DocuSign Envelope ID: 7CFAFA38-25E0-4B4B-848D-625946C172B4 shall be contingent on CONTRACTOR’s timely submission of documentation required by COMMISSION.

Appears in 1 contract

Samples: Contract

Formal Budget Modification. a. Notwithstanding Section XXVIII 9.1 of this ContractGrant Agreement, prior to incurring any costs, CONTRACTOR GRANTEE shall obtain COMMISSION’s prior written approval, pursuant to a formal budget modification. b. A formal budget modification is 1) any modification to an originating cost category with a total of more than Five Thousand Dollars ($5,000), in which the modification will exceed ten percent (10%) of the total originating cost category; or 2) any modification to a cost category for which no dollar amount is budgeted. c. CONTRACTOR GRANTEE shall address and send a request for a formal budget modification to the designated COMMISSION staff, with the appropriate “Formal Budget Modification Summary” forms on or before the first (1st) of the month prior to the month in which the actual expenses will be incurred, unless otherwise authorized by the designated COMMISSION staff. CONTRACTOR GRANTEE shall not be permitted a formal budget modification during the first two (2) months or the last two (2) months of the term of this ContractGrant Period, unless authorized by COMMISSION staff. d. CONTRACTOR GRANTEE is only permitted two one (21) approved formal budget modifications modification requests during the term of this ContractGrant Period. COMMISSION’s approval of a formal budget modification shall request will be contingent on CONTRACTORGRANTEE’s timely submission of documentation required by COMMISSION.

Appears in 1 contract

Samples: Contract

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Formal Budget Modification. a. Notwithstanding Section XXVIII XXVII of this Contract, prior to incurring any costs, CONTRACTOR shall obtain COMMISSION’s prior written approval, pursuant to a formal budget modification. b. A formal budget modification is 1) any modification to an originating cost category with a total of more than Five Thousand Dollars ($5,000), in which the modification will exceed ten percent (10%) of the total originating cost category; or 2) any modification to a cost category for which no dollar amount is budgeted. c. CONTRACTOR shall address and send a request for a formal budget modification to the designated COMMISSION staff, with the appropriate “Formal Budget Modification Summary” forms on or before the first (1st) of the month prior to the month in which the actual expenses will be incurred. CONTRACTOR shall not be permitted a formal budget modification during the first two (2) months or the last two (2) months of the term of this Contract, unless authorized by COMMISSION staff. d. CONTRACTOR is only permitted two (2) approved formal budget modifications during the term of this Contract. COMMISSION’s approval of a formal budget modification shall be contingent on CONTRACTOR’s timely submission of documentation required by COMMISSION.

Appears in 1 contract

Samples: Contract

Formal Budget Modification. a. Notwithstanding Section XXVIII XXVI of this Contract, prior to incurring any costs, CONTRACTOR shall obtain COMMISSION’s prior written approval, pursuant to a formal budget modification. b. A formal budget modification is 1) , of any modification to an originating original cost category with a total of more than Five Thousand Dollars ($5,000)) or more, in which the modification will exceed ten percent (10%) of the total originating cost category; or 2) any modification to a cost category for which no dollar amount is budgeted. c. b. CONTRACTOR shall address and send a request for a formal budget modification to the designated COMMISSION staff, as specified in Paragraph A of Section XVII, with the appropriate “Formal Budget Modification Summary” forms on or before the first (1st) of the month prior to the month in which the actual expenses will be incurred. CONTRACTOR shall not be permitted submit a request for a formal budget modification during the first two (2) months or the last two (2) months quarter of the term of this Contract, unless authorized by COMMISSION staff. d. c. CONTRACTOR is only permitted two (2) approved formal budget modifications during the term of this Contract. COMMISSION’s approval of a formal budget modification shall be contingent on CONTRACTOR’s timely submission of documentation required by COMMISSION.

Appears in 1 contract

Samples: Expense Reimbursement Contract

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