Common use of LOCAL MATCH FUNDS Clause in Contracts

LOCAL MATCH FUNDS. RECIPIENT shall provide matching funds in an amount of Match Percentage with two digits after decimal (XX.XX%) percent (Match Percentage) of the actual cost of the Project. If the full Fund Limit is paid by SANDAG, RECIPIENT’s match amount is estimated to be $Match Amount. If the actual cost of the Project exceeds the Fund Limit, RECIPIENT shall be responsible for 100 percent of the actual cost greater than the Fund Limit.

LOCAL MATCH FUNDS. RECIPIENT shall must provide matching funds in an amount of Insert Match Percentage with two digits after decimal (XX.XX%) percent (Match Percentage) of the actual cost of the Project. If the full Fund Limit is paid by SANDAGXXXXXX, RECIPIENT’s match amount is estimated to be $Insert Match Amount. If the actual cost of the Project exceeds the Fund Limit, RECIPIENT shall be is responsible for 100 percent of the actual cost greater than the Fund Limit.

LOCAL MATCH FUNDS. RECIPIENT shall provide matching funds in an amount of Match Percentage with two digits after decimal (XX.XX%) percent (Match Percentage) of the actual cost of the Project. If the full Fund Limit is paid by SANDAGXXXXXX, RECIPIENT’s match amount is estimated to be $Match Amount. If the actual cost of the Project exceeds the Fund Limit, RECIPIENT shall be responsible for 100 percent of the actual cost greater than the Fund Limit.