Maximum Subaward Sum Sample Clauses

Maximum Subaward Sum. 5.1.2.1.1 During the term of this Subaward, Subrecipient shall receive funding for providing the Services outlined in this Subaward ("Subaward Sum" or "Maximum Subaward Sum"). The Maximum Subaward Sum for this Subaward is $[@ Maximum Contract Sum @]. In the event that County exercises its option to extend the Subaward term, Subaward Sum shall be allocated to Subrecipient on an annual basis for each Fiscal (or Program) Year that this Subaward is extended ("Maximum Annual Subaward Sum"). The total of all allocations provided to Subrecipient throughout the term of this Subaward (including any term extensions) shall become the Maximum Subaward Sum.
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Maximum Subaward Sum. 5.2.1.1 During the term of this Subaward, Subrecipient shall receive funding for providing the Services outlined in this Subaward ("Subaward Sum"). The Subaward Sum shall be allocated to Subrecipient on an annual basis for each Fiscal Year ("Maximum Annual Subaward Sum"). The Maximum Annual Subaward Sum for the first Fiscal Year of this Subaward is $[@ Year 1 Annual Sum @]. The Maximum Annual Subaward Sum for each Fiscal Year following the first Fiscal Year is projected to remain at the level of $[@ Year 1 Annual Sum @]. The combined total of all Maximum Annual Subaward Sums to be allocated during the term of this Subaward is estimated to be $[@ Maximum Contract Sum @] ("Maximum Subaward Sum"). Subrecipient acknowledges that both the projected funding for each year after the first year and the projected combined total of all Maximum Annual Subaward Sums are estimates only.
Sample 1
Maximum Subaward Sum. 5.2.1.1 During the term of this Subaward, Subrecipient shall receive funding for providing the Services outlined in this Subaward ("Subaward Sum"). The Subaward Sum shall be allocated to Subrecipient on an annual basis for each Fiscal Year ("Maximum Annual Subaward Sum"). The Maximum Annual Subaward Sum for the first Fiscal Year of this Subaward is $[@ Year 1 Annual Sum @]. The Maximum Annual Subaward Sum for each Fiscal Year following the first Fiscal Year is projected to remain at the level of $[@ Year 1 Annual Sum @]. The combined total of all Maximum Annual Subaward Sums to be allocated during the term of this Subaward is estimated to be $[@ Maximum Contract Sum @] ("Maximum Subaward Sum"). Subrecipient acknowledges that both the projected funding for each year after the first year and the projected combined total of all Maximum Annual Subaward Sums are estimates only. 5.2.1.2 Pursuant to Subparagraph 8.1 (Amendments), County may amend this Subaward upon occurrence of any changes to the Subaward Sums. Future allocations of the Subaward Sums will be contingent upon Subrecipient's level of performance/expenditure and the availability and appropriation of funds from Federal, State and/or local authorities and such funds may be subsequently adjusted to reflect available funding.
Sample 1
Maximum Subaward Sum. 5.2.1.1 During the term of this Subaward, Subrecipient shall receive funding for providing the Services outlined in this Subaward ("Subaward Sum"). The Subaward Sum shall be allocated to Subrecipient on an annual basis for each Fiscal Year ("Maximum Annual Subaward Sum"). The Maximum Annual Subaward Sum for the first Fiscal Year of this Subaward is $354,343. The Maximum Annual Subaward Sum for each Fiscal Year following the first Fiscal Year is projected to remain at the level of 5.2.1.2 Pursuant to Subparagraph 8.1 (Amendments), County may amend this Subaward upon occurrence of any changes to the Subaward Sums. Future allocations of the Subaward Sums will be contingent upon Subrecipient's level of performance/expenditure and the availability and appropriation of funds from Federal, State and/or local authorities and such funds may be subsequently adjusted to reflect available funding.
Sample 1

Related to Maximum Subaward Sum

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  • Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the first day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract. 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Owner may withhold, including but not limited to liquidated damages, in accordance with the Contract a. 95 percent of Work completed (with the balance being retainage). If the Work has been 50 percent completed as determined by Engineer, and if the character and progress of the Work have been satisfactory to Owner and Engineer, then as long as the character and progress of the Work remain satisfactory to Owner and Engineer, there will be no additional retainage; and

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