Total Funding Ceiling Clause Samples
The Total Funding Ceiling clause sets a maximum limit on the amount of funds that can be disbursed or committed under a contract or agreement. In practice, this means that regardless of the number or value of individual orders, invoices, or project phases, the total payments made cannot exceed the specified ceiling amount. This clause ensures that both parties are aware of the absolute financial cap, thereby preventing budget overruns and providing clear financial boundaries for the contractual relationship.
Total Funding Ceiling. The Total Funding Ceiling is [amount in words] ([amount in figures]) and includes any tax obligations under this Agreement. Cumulative disbursements shall not exceed the Total Funding Ceiling unless it is revised through a written amendment approved by the Bank. Disbursements are subject, in all respect, to the terms and conditions of the Financing Agreement; and no party other than the Government shall derive any rights from the Financing Agreement or have any claim to the Financing proceeds.
Total Funding Ceiling. The Total Funding Ceiling is fifty-six thousand and eight hundred twenty eight United States dollars (USD 56.828) and includes any tax obligations under this Agreement will be deposit in the following bank account: Bank Name: CITIBANK N.A. Account Holder Name: UNESCO IIEP BUENOS AIRES Dirección:▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇: ▇▇▇▇▇▇ ▇▇▇▇▇▇, Account Number: ▇▇▇▇▇▇▇▇ Routing Number: 02 ▇▇▇▇▇▇▇ SWIFT Code: ▇▇▇▇▇▇▇▇
Total Funding Ceiling. Supplies Cost Breakdown Table 1: Total Funding Ceiling
I. Supplies:
II. Related Services: Total for Supplies and Related Services C. Indirect Support Costs**
Total Funding Ceiling. UNFPA will provide the shipping documents as relevant to each transaction. Examples of shipping documents include: Copies of UNFPA’s suppliers’ invoices which include reference to this Agreement (reference number on the title page, as provided in the Request for Quotation submitted by the Government), Supplies description, quantity, unit price, and total amounts; Copies of the bill of lading or copies of railway consignment note, road consignment note, truck or air waybill, or multimodal transport document; Copies of the packing list identifying contents of each package; Any other documentation requested by the Government in the Request for Quotation and included in UNFPA’s Pro Forma Invoice. UNFPA’s standard Handling Fee is 5% applied to the total cost of the Supplies (including related services) and the Freight and Insurance Cost. 1% UN Coordination levy does not apply to this Agreement.
Total Funding Ceiling. Supplies Cost Breakdown Table 1: Total Funding Ceiling
Total Funding Ceiling. Supplies Cost Breakdown Table 1: Total Funding Ceiling
A. Direct Operational Costs (DOC) I. Supplies: Total Food transfers …… …………. II. Related Services: Total for Supplies and Related Services B. Other Direct Costs* (DSC and ODOC) ……………….. ……………………. C. Indirect Support Costs** Total Funding Ceiling …………………….