Common use of Informal Budget Modifications Clause in Contracts

Informal Budget Modifications. GRANTEE may only make two (2) informal modifications to the budget, as set forth in Exhibit B, during the Grant Period at any time. GRANTEE may: a. Modify a cost category with a total of Five Thousand Dollars ($5,000) or less dollars and incur expenses pursuant to an informal budget modification, provided that GRANTEE submits a memorandum to COMMISSION with the «Invoicing» invoice required under Section 10 of this Grant Agreement that explains the informal modification; or b. Modify a cost category with a total that is greater than Five Thousand Dollars ($5,000) dollars and incur expenses that are less than or equal to ten percent (10%) of the amount of the total cost category pursuant to an informal budget modification, provided that GRANTEE submits a memorandum to COMMISSION with the «Invoicing» invoice required under Section 10 of this Grant Agreement that explains the informal modification.

Appears in 3 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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Informal Budget Modifications. GRANTEE may only make two (2) informal modifications to the budget, as set forth in Exhibit B, during the Grant Period at any time. Notwithstanding Section 9.1 of this Grant Agreement, GRANTEE may: a. Modify a an originating cost category with a total of Five Thousand Dollars ($5,000) or less dollars and incur expenses pursuant to an informal budget modification, provided that GRANTEE submits a memorandum to COMMISSION with the «Invoicing» monthly invoice required under Section 10 of this Grant Agreement that explains the informal modification; or b. Modify a an originating cost category with a total that is greater than Five Thousand Dollars ($5,000) dollars and incur expenses that are less than or equal to ten percent (10%) of the amount of the total cost category pursuant to an informal budget modification, provided that GRANTEE submits a memorandum to COMMISSION with the «Invoicing» monthly invoice required under Section 10 of this Grant Agreement that explains the informal modification.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

Informal Budget Modifications. GRANTEE may only make two (2) informal modifications to the budget, as set forth in Exhibit B, during the Grant Period at any time. Notwithstanding Section 9.1 of this Grant Agreement, GRANTEE may: a. Modify a an originating cost category with a total of Five Thousand Dollars ($5,000) or less dollars and incur expenses pursuant to an informal budget modification, provided that GRANTEE submits a memorandum to COMMISSION with the «Invoicing» invoice required under Section 10 of this Grant Agreement that explains the informal modification; or b. Modify a an originating cost category with a total that is greater than Five Thousand Dollars ($5,000) dollars and incur expenses that are less than or equal to ten percent (10%) of the amount of the total cost category pursuant to an informal budget modification, provided that GRANTEE submits a memorandum to COMMISSION with the «Invoicing» invoice required under Section 10 of this Grant Agreement that explains the informal modification.

Appears in 1 contract

Samples: Grant Agreement

Informal Budget Modifications. GRANTEE CONTRACTOR may only make two (2) informal modifications to the budget, as set forth in Exhibit B, during the Grant Period at any timeterm of this Contract. GRANTEE Notwithstanding Section XXVI of this Contract, Contractor may: a. Modify a an original cost category with a total of Five Thousand Dollars ($5,000) or less dollars and incur expenses pursuant to an informal budget modification, provided that GRANTEE CONTRACTOR submits a memorandum to COMMISSION with the «Invoicing» monthly invoice required under Paragraph C of Section 10 V of this Grant Agreement Contract that explains the informal modification; or b. Modify a an original cost category with a total that is greater than Five Thousand Dollars ($5,000) dollars and incur expenses that are less than or equal to ten percent (10%) of the amount of the total original cost category pursuant to an informal budget modification, provided that GRANTEE CONTRACTOR submits a memorandum to COMMISSION with the «Invoicing» monthly invoice required under Section 10 V.C. of this Grant Agreement Contract that explains the informal modification.

Appears in 1 contract

Samples: Expense Reimbursement Contract

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Informal Budget Modifications. GRANTEE may only make two (2) informal modifications to the budget, as set forth in Exhibit B, during the Grant Period at any time. Notwithstanding Section 9.1 of this Grant Agreement, GRANTEE may: a. Modify a an originating cost category with a total of Five Thousand Dollars ($5,000) or less dollars and incur expenses pursuant to an informal budget modification, provided that GRANTEE submits a memorandum to COMMISSION with the «Invoicing» Monthly invoice required under Section 10 of this Grant Agreement that explains the informal modification; or b. Modify a an originating cost category with a total that is greater than Five Thousand Dollars ($5,000) dollars and incur expenses that are less than or equal to ten percent (10%) of the amount of the total cost category pursuant to an informal budget modification, provided that GRANTEE submits a memorandum to COMMISSION with the «Invoicing» Monthly invoice required under Section 10 of this Grant Agreement that explains the informal modification.

Appears in 1 contract

Samples: Contract

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