Cost Limitation Sample Clauses
A Cost Limitation clause sets a maximum cap on the amount of money that one party is obligated to pay under a contract. In practice, this means that once the specified financial limit is reached, the party responsible for payment is not required to cover any additional costs, regardless of further expenses incurred. This clause is commonly used in service agreements or project contracts to help parties manage financial risk and prevent unexpected budget overruns, ensuring that costs remain predictable and within agreed boundaries.
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Cost Limitation. The total amount of this Agreement shall not exceed the original amount unless a Change Order is received and processed in accordance with Section 4-1.05, “Changes and Extra Work,” of the 2018 Standard Specifications.
Cost Limitation a. The total amount payable to LOCAL AGENCY pursuant to this Agreement by CALTRANS shall not exceed $520,966.00.
b. It is understood and agreed that this Agreement fund limit is an estimate and that CALTRANS will only reimburse the cost of services actually rendered as authorized by the CALTRANS Contract Manager or its designee at or below the fund limitation amount set forth in section 5a, above.
Cost Limitation. Owner is precluded by law from obligating funds beyond those which have been specifically secured and authorized for the Project. Contractor acknowledges and accepts that the total of all amounts Owner shall pay the Contractor to complete the Project, including payment for any Change Orders, shall not exceed the Construction Cost Limitation authorized for the Project. The Construction Cost Limitation can only be adjusted by Owner, in writing, with approval of Owner’s Board as required by Owner’s policies of governance. In the performance of all of its duties hereunder, Contractor shall perform the Work so as not to exceed the Construction Cost Limitation. In no event shall Owner’s liability under this Agreement exceed the Construction Cost Limitation.
Cost Limitation. The GMP Cost Limitation, set forth in Section 5 of the Form of Contract, is the Owner’s budgeted amount for construction of the Project. The GMP Cost Limitation may include funds from the Using Agency, bond funds that are authorized in the State of Georgia’s General Appropriations Act or Amended General Appropriations Act, or bond funds that are expected to be authorized in the State of Georgia’s General Appropriations Act or Amended General Appropriations Act, or other funding sources. The GMP Cost Limitation is subject to change until execution of the GMP Change Order if anticipated funding is not received by the Owner.
Cost Limitation. A Requesting Party shall not be required to reimburse a Responding Party for costs incurred during the Operational Period as defined in Section 3 above. A Requesting Party shall be required to reimburse a Responding Party for costs incurred after the Operational Period in accordance with Section 3 above.
Cost Limitation. A. The total amount of this Agreement shall not exceed $70,000.00.
B. It is understood and agreed that this total is an estimate and that DPR will pay for only those services actually rendered as authorized by the DPR Contract Manager or his/her designee.
Cost Limitation. If the costs of construction of the Production Facility, including HVAC, exceed fifty United States dollars ($50 U.S.D.) per square foot (“Upset Cost”), then NutraCea or FTCD may elect to proceed with the Alternate Production Arrangement and to terminate the Lease. Any such election to terminate the Lease and proceed with the Altermate Production Arrangement as a result of an Upset Cost shall be null and void; however, if FTCD or NUtraCea agrees to pay the Upset Cost. NutraCea shall have the right to elect to initially construct a building of smaller square footage in connection with redesigning the building in order to attempt to reduce the cost of construction below the Upset Cost, provided however, that such building shall be reasonably sufficient for the intended operations as set forth in this agreement the production requirements hereunder.
Cost Limitation. A. Total amount of this contract shall not exceed $xxx,xxx per year for the 40-month contract period
B. It is understood and agreed that this total is an estimate and that the Fresno COG will pay only for those services actually rendered as authorized by the Contract Manager or his/her designee
Cost Limitation. A. Total amount of this Agreement shall not exceed $822,600.00.
B. It is understood and agreed that this total is an estimate, and that CAL FIRE will pay only for those services actually rendered as authorized by CAL FIRE Project Representative up to the total amount set forth in Section 4A, above.
Cost Limitation. The Secretary shall not expend more than $10,000,000 for a project at any single dam under this section.