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 the Project.
The Recipient agrees that the Province may publicly release the following information, whether in hard copy or in electronic form, on the internet or otherwise: Recipient name, Recipient contact information, Recipient address or general location, amount of Maximum Funds and/or Funds, Project description, including the Timelines table in Schedule “A”, Project results reported by the Recipient, legal description of the Site or the Certified Site as applicable and Budget.
Note: The Province will reimburse the Recipient for 50% of Eligible Costs for Marketing Initiatives up to $10,000 (which amount, for further clarification, is part of the Maximum Funds) that, notwithstanding the definition of Eligible Costs in the Agreement, have been incurred and paid from and including the Certification Designation Date to and including the earlier of (i) the Project Completion Date; and (ii) the date of termination of the Agreement.
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 the sum of Canada’s Maximum Contribution and Ontario’s Maximum Contribution.