Common use of Maximum Grant Amount Clause in Contracts

Maximum Grant Amount. 2. Maximum grant amount The maximum grant amount set out in this Article defines the maximum amount of funding that the granting authority has available for the grant. It can NOT be exceeded (except for Programmes with contingency reserve, where the maximum grant amount can be raised at the end of the action to activate the reserve). The maximum grant amount will NOT be increased — even if the eligible costs of the action are higher than planned. In any case, the maximum grant amount is not the ‘final grant amount’ and is not a ‘price’ due to the beneficiaries.