Matching Fund Sample Clauses

Matching Fund. If the Enabling Act requires, Grantee must provide and expend a matching fund. Failure to prove any required matching fund may affect the authorization pursuant to Paragraph 3 of this Agreement.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Matching Fund. The Grantee agrees to provide all matching funds as necessary for the completion of the project as stipulated in the scope of work (Exhibit 2) and in accordance with this Agreement and the conditions, specifications, plans, estimates, project proposals submitted to the County and incorporated herein by reference. Specifically, the grantee will provide at least a 20% match. For this project the match amount will be $ [Final Match Amount]. Said amount is available and provided in account, special trust account).
Sample 1Sample 2
Matching Fund. The MCCBL requires the grant recipient to provide a matching fund no later than June 1, 2020 for the 2018 grant and June 1, 2021 for the 2019 grant and the Board of Public Works to certify a matching fund. The Board of Trustees of the Chesapeake Shakespeare Company has submitted evidence that it has $228,492.44 in eligible expenditures to meet the matching fund requirement for this project. Background: Total Project $ 666,733 Remarks:
Sample 1Sample 2
Matching Fund. The MCCBL requires the grant recipient to provide a matching fund no later than June 1, 2021 and the Board of Public Works to certify a matching fund. The Board of Directors of The Boys & Girls Club of Westminster has submitted documentation that has over $50,000 in a financial institution to meet the matching fund requirement for this project.
Sample 1Sample 2
Matching Fund. The MCCBL requires the grant recipient to provide a matching fund no later than June 1, 2021 and the Board of Public Works to certify a matching fund. The Board of Directors of The Young Men’s Christian Association of Metropolitan Washington has submitted evidence that it has $617,423.00 in eligible expenditures to meet the matching fund requirement for this project.
Sample 1Sample 2
Matching Fund. The MCCBL requires the grant recipient to provide a matching fund no later than June 1, 2021 and the Board of Public Works to certify a matching fund. The Board of Directors of the Xxxxxxx Center, Inc. has submitted documentation that Xxxxxx County, Maryland has appropriated $100,000 in its fiscal year 2019 budget to meet the matching fund requirement for this project.
Sample 1Sample 2
Matching Fund. The MCCBL requires the grant recipient to provide a matching fund no later than June 1, 2021 and the Board of Public Works to certify a matching fund. The Mayor and City Council of the City of Takoma Park has submitted documentation that it received a Background: Total Project $ 7,799,835
Sample 1Sample 2
AutoNDA by SimpleDocs
Matching Fund. Grantee agrees to provide matching funds in an amount of % of actual eligible Project [costs. Grantee must provide proof of and expend the matching funds prior to disbursement of Grant funds. Failure to prove and expend the required matching funds may affect the authorization pursuant to Paragraph 3 of this Agreement. The source of the Grantee’s matching funds cannot be funds provided by the State.
Sample 1

Related to Matching Fund

  • Matching Funds The Recipient shall, at a minimum, contribute not less than twenty-five percent (25%) of the total Cost of Project as set forth in Appendix D of this Agreement. The Matching Funds shall be for the sole and express purpose of paying or reimbursing the costs certified to the OPWC under this Agreement. In the event that the total actual Project costs exceed the estimated Cost of Project identified in Appendix D, the OPWC shall not be required to increase the maximum amount of the grant provided herein and the Recipient shall increase its Matching Funds to meet such actual Cost of Project.

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!