Common use of Maximum Federal Funding Clause in Contracts

Maximum Federal Funding. The Recipient agrees that FTA’s responsibility to provide Federal funding for its Project is: (1) The amount shown in its Underlying Agreement, as modified by the most recent Amendment thereto, which is equal to the smallest of: (a) The maximum amount permitted by Federal law or regulation, (b) The “Maximum FTA Amount Awarded,” as stated in the Underlying Agreement, or (c) The amount calculated on the basis of the requisite “Maximum Percentage(s) of FTA Participation,” if any, but (2) Limited to the amounts listed in the most recent Approved Project Budget for the Project identified in the Underlying Agreement and the most recent amendment thereto, if any,

Maximum Federal Funding. The Recipient agrees that FTA’s responsibility to provide Federal funding for its Project is: (1) The amount shown in its Underlying Agreement, as modified by the most recent Amendment theretoto its Underlying Agreement, which is equal to the smallest of: (a) The maximum amount permitted by Federal law law(s) or regulationregulation(s), (b) The “Maximum FTA Amount Awarded,” as stated in the Underlying Agreement, or (c) The amount calculated based on the basis of the requisite “Maximum Percentage(s) of FTA Participation,” if any, but (2) Limited to the amounts listed in the most recent Approved Project Budget for the Project identified in the Underlying Agreement and the most recent amendment thereto, if any,