Amount allowed Sample Clauses

The "Amount allowed" clause defines the maximum sum or limit that can be approved or reimbursed under a contract or agreement. In practice, this clause specifies the upper boundary for payments, reimbursements, or claims, ensuring that any expenses or charges submitted do not exceed the stated amount. For example, it may cap the amount a contractor can bill for certain services or set a limit on travel reimbursements. Its core function is to control costs and provide financial certainty by preventing overpayment or unexpected financial exposure.