City Acknowledgement of Allocation Cap Sample Clauses

The City Acknowledgement of Allocation Cap clause formally recognizes and accepts a predetermined limit on the amount of resources, funds, or liabilities that the city is responsible for under an agreement. In practice, this clause specifies the maximum cap—such as a dollar amount or percentage—beyond which the city will not be obligated to contribute or pay, regardless of the total costs incurred. By including this provision, the clause ensures financial predictability for the city and protects it from unforeseen or unlimited financial exposure.
City Acknowledgement of Allocation Cap. The City acknowledges that the allocation of the Project Costs and all necessary fixtures, furniture and equipment (FF&Es) for the Fire Station Area must not exceed $5,160,000.00 (the “City Allocation Cap”). If during the design process the costs for design and construction of the Fire Station Area, the FF&Es and the City’s allocated Project Costs exceed the City Allocation Cap, the City, through the Project Committee shall reduce the estimated cost of the construction of the Fire Station Area such that the City’s total estimated allocated costs fall at or below the City Allocation Cap.
View Source

Related to City Acknowledgement of Allocation Cap

  • Third Party Acknowledgements A. Portions of the Apple Software may utilize or include third party software and other copyrighted material. Acknowledgements, licensing terms and disclaimers for such material are contained in the electronic documentation for the Apple Software, and your use of such material is governed by their respective terms.

  • Labor Law Acknowledgement The following provision supplements the acknowledgments contained in paragraph 13 of the Agreement: The Employee acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010.

  • Dissemination of Research Findings and Acknowledgement of Controlled-Access Datasets Subject to the NIH GDS Policy

  • Company Acknowledgment The Company will, at the time of the exercise of the Warrant, upon the request of the Holder hereof acknowledge in writing its continuing obligation to afford to such Holder any rights to which such Holder shall continue to be entitled after such exercise in accordance with the provisions of this Warrant. If the Holder shall fail to make any such request, such failure shall not affect the continuing obligation of the Company to afford to such Holder any such rights.

  • Mutual Acknowledgement Both the Company and Indemnitee acknowledge that in certain instances, Federal law or applicable public policy may prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Company's right under public policy to indemnify Indemnitee.