Guaranteed Price. (i) CUC shall pay Contractor for the performance of the Work the total sum of Twenty-One Million Six Hundred Thousand Dollars ($21,600,000) ("Guaranteed Price") payable in one hundred and twenty (120) consecutive, equal monthly installments of One Hundred Eighty ($180,000), each represented by a separate promissory note in accordance with Section 6.1.2, and each payable on the last day of each month, commencing with the first month that follows the date of Substantial Completion. (ii) The Guaranteed Price shall be inclusive of Nine Million Nine Hundred Fifty-Nine Thousand Dollars ($9,959,000) for construction and installation costs, and Eleven Million Six Hundred Forty-One Thousand Dollars ($11,641,000) for financing costs and fees for associated services. provided by this Agreement (iii) Said Guaranteed Price for the Work shall be a fixed sum and not subject to any alteration except as provided in Section 6.1.3 (Prepayment).
Appears in 2 contracts
Sources: Agreement for Design, Supply of Plant and Equipment (Sixth Business Service Group Inc), Agreement for Design, Supply of Plant and Equipment, Construction, Maintenance and Operation, and Transfer of Ownership (Sixth Business Service Group Inc)