Common use of Maximum Reimbursable Amount Clause in Contracts

Maximum Reimbursable Amount. The Department shall pay Contractor the cleared award amount of $ for all services provided under the Agreement during the first year of the term of this Agreement. Subject to the Contractor’s timely submission of Discretionary Funding Expense Application(s) to the City Council for the applicable fiscal year, the appropriation and designation of Discretionary Funding by the City Council and all necessary clearances, the Department shall use reasonable good faith efforts to process a budget amendment to allocate funding and pay the Contractor an amount not to exceed the Not Designated/Not Authorized funding line designated in the Budget for all services provided under the Agreement during the first year of this Agreement or the additional second or third years of the Term of this Agreement. Payment shall be made in accordance with the Budget approved by the Department and made a part hereof as Exhibit A-1 “Budget” and the Fiscal Manual on a line item cost reimbursement basis. There is no guarantee that any funding shall be appropriated, awarded and/or cleared. This Agreement shall not obligate the City Council or the Department beyond the total amount designated or authorized in the Budget in the absence of a budget modification or duly executed contract amendment registered pursuant to Charter § 328.

Maximum Reimbursable Amount. The Department shall pay Contractor the cleared award an amount of not to exceed $ for all services provided under the Agreement during the first year of the term of this Agreement. Subject to the Contractor’s timely submission of Discretionary Funding Expense Application(s) to the City Council for the applicable fiscal year, the appropriation and designation of Discretionary Funding by the City Council and all necessary clearances, the Department shall use reasonable good faith efforts to process a budget amendment to allocate funding and pay the Contractor an amount not to exceed the Not Designated/Not Authorized funding line designated in the Budget for all services provided under the Agreement during the first year of this Agreement or the additional second or third years of the Term of this Agreement. Payment shall be made in accordance with the Budget approved by the Department and made a part hereof as Exhibit A-1 “Budget” and the Fiscal Manual on a line item cost reimbursement basis. There is no guarantee that any funding shall be appropriated, awarded and/or cleared. This Agreement shall not obligate the City Council or the Department beyond the total amount designated or authorized in the Budget in the absence of a budget modification or duly executed contract amendment registered pursuant to Charter § 328.