Common use of Ceiling price Clause in Contracts

Ceiling price. Total payments by the Company to the Seller for services performed hereunder, including authorized expenses, shall not exceed the Ceiling Price set forth on the face of the PO. Seller agrees to use their best efforts to perform the work required by this PO within the Ceiling Price, and shall notify the Project Coordinator when the expenses to date for labor and other authorized expenses are expected to exceed 85% of the Ceiling Price. Seller shall also identify this Ceiling Price and the cumulative amount invoiced to date on all invoices. The Company may, in its absolute discretion, refuse to increase the Ceiling Price and Seller shall not be paid any amounts in excess of the Ceiling Price.