Examples of Ineligible Project Costs in a sentence
Ineligible Project Costs are defined as costs that are ineligible to be considered for reimbursement by PIC or count toward Industry Matching Funds and must be excluded from the project costs and calculations.
Due to limited Grant funds, the State will pay up to but no more than the Federal Share of the eligible costs associated with the Home Elevation Project as shown within Exhibit A – Eligible and Ineligible Project Costs.
The Borrower shall be obligated to comply with the Overrun Equity Commitment and shall fund 100% of (i) Ineligible Project Costs and (ii) Overrun Project Costs by depositing monies in the Overrun Equity Account in the amounts and at the times required by Section A.4 of Appendix A.
All payments applied to Ineligible Project Costs shall be shared by the Lessor Parties that funded such Ineligible Project Costs pro rata based on the amounts so funded by and owed to such Lessor Parties.
Ineligible Project Costs Generally Even if a Project is otherwise eligible, certain project costs would be ineligible and would therefore have to be funded by another demonstrably available funding source as per Section 2.5 below.