Total Award Clause Samples
The 'Total Award' clause defines the maximum amount of compensation or damages that can be granted under a contract or legal proceeding. In practice, this clause sets a cap on the total financial liability or recovery, regardless of the number of claims or claimants involved. For example, if multiple breaches occur, the combined awards cannot exceed the specified total limit. Its core function is to provide certainty and manage risk by preventing unlimited financial exposure for the parties involved.
Total Award. Total Award means the total dollar amount approved for Grant Recipient in the Commission Order.
Total Award. Grant Funds up to 10% of the total grant award may be transferred between line items with prior written approval from Agency without the need for a formal contract amendment. Budget amendments over 10% of the total grant award require a formal contract amendment.
Total Award. Payments will be made into your nominated account approximately five working days after the date on the payment schedule above provided the conditions for payment have been met.
Total Award. The “Total Award” refers to the sum of Counseling Funds, Program Related Support Funds, and (if applicable) Operational Oversight Funds granted directly to a Sub-Grantee through this Sub-Grant Agreement.