Match Funding Sample Clauses
Match Funding. The amount of such (i) Indemnified Loss or Expense, or (ii) Additional Costs outlined above shall be determined, in the Bank's sole discretion, based upon the assumption that the Bank funded 100% of that portion of the Loan to which the LIBOR-Based Rate applies in the applicable London interbank market.
Match Funding. The specified source of match funding will be SKMR.
Match Funding. No Lender shall be required to purchase United States dollars in the London interbank market or from any other applicable LIBOR Rate market or source or otherwise “match funds” to fund any LIBOR Rate Loans.
Match Funding. The contribution from ESF finances only a specified percentage of the total eligible costs of a project. The funding for the remaining balance of eligible costs (known as match funding) must be available from the outset. The requirement to match ESF is central to the operation of ESIF programmes. Match funding is treated the same as ESF regardless of source, this means that the total eligible expenditure must be used for the agreed purposes and defrayed on eligible expenditure. All expenditure must be evidenced, auditable, and defrayed prior to the inclusion in any claim and follow all other ESF compliance rules. Auditors will select and test Match funds as part of their audit regime. Failure to demonstrate an audit trail for Match could lead to financial penalties for the project. Match funding may be from either public or private funds. The use of in-kind funding for match purposes is limited to the use of Volunteer Time (see below).
Match Funding. 5.1 The Match Funding is detailed in the table below: PUBLIC (Funders) Westminster City Council 152,833.47 188,843.05 189,278.33 41,644.65 572,599.50 PRIVATE (Funders) ERDF 152,833.47 188,843.06 189,278.32 41,644.64 572,599.49 Total Public Sector Match 152,833.47 188,843.05 189,278.33 41,644.65 572,599.50 Total Private Sector Match
Match Funding.
6.1 The provision of any funding by the Minister under this Agreement is conditional at all times upon the Project including a minimum of 15% match funding from other sources.
6.2 The Minister takes no responsibility where Grantees are unable to secure the match funding and will not provide additional funding to make up for any shortfall in match funding. If it arises that the match funding is not available or was misrepresented in the Application Form and/or Verification and Confirmation Form, the Minister reserves the right to withhold, suspend or terminate Project funding.
6.3 Any changes to the availability or source of match funding which arise during any stage of the Project must be notified to the Minister immediately.
Match Funding a. The proposed Pro5 methodology is to set up a separate school account for the phonics match-funding programme, and set a credit limit on that account appropriate to the match-funding available to them. The Pro5 would then invoice the school for a sum equivalent to half the cost of the products or training they had purchased, and send an invoice to DfE for the other half in accordance with DfE’s requirements.
b. Pro5 will provide Management Information to the Department each month summarising expenditure and how much match-funding has been spent.
Match Funding. MA ADVISORY NOTE (to be removed before FA is issued): The split of Private and Public match-funding in the table must exactly mirror the Financial Annex(es) for the project, where used, and also the split of the same match-funding as recorded in EClaims. If there are any issues identified around the public/private match-funding types, the Funding Agreement should not be issued until these are resolved.
5.1 Without prejudice to clause 5.2(a) of the conditions in the main body of this Funding Agreement, the Secretary of State accepts that as at the date of this Funding Agreement the Match Funding for the Project has been approved as set out in the table below: Funding Status: 2016 2017 2018 Total PUBLIC (List Funders) [Indicative] [Committed] 0 PRIVATE (List Funders) [Indicative] [Committed] ESF [Indicative] [Committed] XXXX XXX XXX XXX Total Public Sector Match [Indicative] [Committed] XXXX XXX XXX XXX Total Private Sector Match [Indicative] [Committed] XXXX XXX XXX XXX TOTAL [Indicative] [Committed] XXXX XXX XXX XXX
5.2 The Grant Recipient shall provide evidence to confirm the indicative Match Funding is fully committed [prior to the first Grant Claim] [by the Match Funding Longstop Date included in the Key Milestones at clause 4 of these Project Specific Conditions].
5.3 The Grant Recipient acknowledges and accepts that if it fails to provide evidence to the satisfaction of the Secretary of State in accordance with clause 5.2 of these Project Specific Conditions above, such failure shall be treated as an Event of Default pursuant to clause 11.1 of the conditions set out in the main body of this Funding Agreement. [
Match Funding. The Grant Recipient fails to declare any Match Funding or the Authority does not agree to the use of such Match Funding in accordance with clause 4.4.
Match Funding. 13.1. The financial support will require match funding from the Organisation making the application. The match funding may be through own resources available to the Organisation or may be sourced through external finance such as credit or external equity investment. Match funding can also come from co-applicants.
13.2. Match funding can be in the form of cash/cash equivalents, credit or equity from external financiers. In cases where applications are made by co-applicants, the match fund contributions can be provided by any of the co-applicants.
13.3. Matching funds should be drawn down as per the agreed milestones and from the 2nd disbursement onwards the matching funds should in principle be 50% of the project costs.
13.4. SHA reserves the right to suspend disbursements of financial support and ultimately terminate this Contract with a written notice if matching funds are not available as contracted.