Common use of Maximum Contract Sum Clause in Contracts

Maximum Contract Sum. 12.1.1 In consideration of the Supplier's performance of its obligations under the Contract in each Month, the Customer shall pay the Maximum Contract Sum in respect of that Month in accordance with clause 12.4 (Payment and VAT). 12.1.2 The Customer shall, in addition to the Maximum Contract Sum and following delivery by the Supplier of a valid VAT invoice, pay the Supplier a sum equal to the VAT chargeable (if any) on the Maximum Contract Sum.

Appears in 4 contracts

Sources: Framework Agreement, Framework Agreement, Framework Agreement

Maximum Contract Sum. 12.1.1 In consideration of the Supplier's performance of its obligations under the Contract in each Month, the Customer shall pay the Maximum Contract Sum in respect of that Month in accordance with clause 12.4 (Payment and VAT). 12.1.2 The Customer shall, in addition to the Maximum Contract Sum and following delivery by the Supplier of a valid VAT invoice, pay the Supplier a sum equal to the VAT chargeable (if any) on the Maximum Contract Sum.

Appears in 1 contract

Sources: Framework Agreement