PIDP Grant definition
Examples of PIDP Grant in a sentence
All costs required to complete the Project above the sum of the Maximum PIDP Grant Contribution and the Maximum County Contribution shall be borne solely by the Selected Proposer.
The purpose of the Quarterly Project Progress Reports and Recertifications under this agreement for the FY 2019 PIDP Grant program are to ensure that the project scope, schedule, and budget will be maintained to the maximum extent possible.
The federal government has entered into a MARAD Port Infrastructure Development Program grant agreement with the County (“PIDP Grant”) to provide up to the lesser of $33,500,000 or 59.7% of eligible Project construction costs of the proposed Facility (the “Maximum PIDP Grant Contribution”).
Subject to compliance with all terms and conditions of the grant and applicable Lease terms, the PIDP Grant funds will be made available to reimburse the Selected Proposer for eligible capital expenses incurred to construct the Facility up to the Maximum PIDP Grant Contribution.
Subject to its right to seek reimbursement for certain portions of eligible and incurred capital Project costs from (i) the PIDP Grant (up to the Maximum PIDP Grant Contribution) and (ii) the County up to the Maximum County Contribution, to seek reimbursement from as set forth above in this Section 2.4, the Selected Proposer shall pay all costs associated with the design, permitting, construction, and commissioning of the Project.