Examples of Maximum Funds in a sentence
The Agreement sets out the terms and conditions upon which ICIP funds, up to the Maximum Funds, will be provided to the Recipient for carrying out each Project.
The Province will retain 10% of the Maximum Funds in respect of each Project (“Holdback”) up until the Recipient has fulfilled all of its obligations under the Agreement for the Project.
The Maximum Funds to be provided by the Province to the Recipient under this Agreement is set-out in Schedule “B”.
Subject to the terms and conditions of the Agreement, upon receipt of a request for payment fully completed in accordance with this Schedule “J” (Requests for Payment and Payment Procedures), the Province will use its reasonable efforts to pay Funds to the Recipient based on the Recipient’s incurred and paid Eligible Expenditures up to the Maximum Funds, if due and owing under the terms of the Agreement.
Maximum Funds means, for each Project, the sum of Canada’s Maximum Contribution and Ontario’s Maximum Contribution as set out in Sub-schedule “C.1” (Project Description and Financial Information).