Common use of Maximum Amount Payable Clause in Contracts

Maximum Amount Payable. The maximum amount payable to the Contractor under this Agreement is [ ]. The University shall be obligated to pay the Maximum Amount Payable only to the extent due to the Contractor under this Section IV. The parties acknowledge that additional funds may be necessary to compensate the Contractor for Additional Services and, in such event, the Maximum Amount Payable will be increased accordingly by amendment to this Agreement.

Appears in 13 contracts

Sources: Agreement for the Provision of Facilities Services, Agreement for the Provision of Facilities Services, Agreement for the Provision of Facilities Services

Maximum Amount Payable. The maximum amount payable to the Contractor under this Agreement is [ [_______]. The University shall be obligated to pay the Maximum Amount Payable only to the extent due to the Contractor under this Section IV. The parties acknowledge that additional funds may be necessary to compensate the Contractor for Additional Services and, in such event, the Maximum Amount Payable will be increased accordingly by amendment to this Agreement.

Appears in 3 contracts

Sources: Agreement for the Provision of Facilities Services, Agreement for the Provision of Facilities Services, Agreement for the Provision of Facilities Services

Maximum Amount Payable. The maximum amount payable to the Contractor under this Agreement is [ [_TBD_]. The University shall be obligated to pay the Maximum Amount Payable only to the extent due to the Contractor under this Section IV. The parties acknowledge that additional funds may be necessary to compensate the Contractor for Additional Services and, in such event, the Maximum Amount Payable will be increased accordingly by amendment to this Agreement.

Appears in 1 contract

Sources: Agreement for the Provision of Facilities Services