Common use of Funding Amount Clause in Contracts

Funding Amount. The Funding Amount shall be the amount, net of any Incentives/Rebates, that is the lesser of: (1) the Approved Final Cost; (2) the Estimated Cost plus Five (5) per cent of the Estimated Cost; and (3) the highest dollar amount that does not cause the Special Charge (Actual) to exceed the lesser of either 10 percent of Current Value Assessment for the property or $2,000,000, when the City calculates the Special Charge (Actual) as set forth in Section 11(1) of this POA.

Funding Amount. The Funding Amount shall be the amount, net of any Incentives/Rebates, that is the lesser of: (1) 9.1 the Approved Final Cost; (2) 9.2 the Estimated Cost plus Five (5) per cent of the Estimated Cost; andor (3) 9.3 the highest dollar amount that does will not cause the Special Charge (Actual) to exceed the lesser of either 10 percent of Current Value Assessment for the property or $2,000,00075,000, when the City Town calculates the Special Charge (Actual) as set forth in Section 11(1) of this POA).

Funding Amount. The In accordance with Section 9 of the POA, the Funding Amount shall be the amount, net of any Incentives/Rebates, that is [AMOUNT] which is the lesser of: (1i) the The Approved Final CostCost which is [AMOUNT]; (2ii) The Estimated Cost plus five percent of the Estimated Cost plus Five (5) per cent of the Estimated Costwhich is [AMOUNT]; and (3iii) the highest dollar amount that does not cause the Special Charge (Actual) to exceed the lesser of either 10 30 percent of Current Value Assessment for the property or up to a maximum of $2,000,000, 250,000 when the City Town calculates the Special Charge (Actual) as set forth in Section 11(1) of this POAwhich is [AMOUNT].

Funding Amount. The Funding Amount shall be the amount, net of any Incentives/Rebates, amount that is the lesser of: (1) the Approved Final Cost; (2) the Estimated Cost plus Five (5) per cent of the Estimated Cost; and (3) the highest dollar amount that does not cause the Special Charge (Actual) to exceed the lesser of either 10 30 percent of Current Value Assessment for the property or $2,000,000250,000, when the City Town calculates the Special Charge (Actual) as set forth in Section 11(1) of this POA.

Funding Amount. The Funding Amount shall be the amount, net of any Incentives/Rebates, that is the lesser of: (1) the Approved Final Cost; (2) the Estimated Cost plus Five (5) per cent of the Estimated Cost; and (3) the highest dollar amount that does not cause the Special Charge (Actual) to exceed the lesser of either 10 percent of Current Value Assessment for the property or $2,000,000125,000, when the City calculates the Special Charge (Actual) as set forth in Section 11(1) of this POA.