Common use of Not to Exceed Amount Clause in Contracts

Not to Exceed Amount. Vendor shall not charge Fees in excess of the Not-to-Exceed Amount, which is stated in Attachment 1. Vendor is not obligated to provide Services under this MSA to the extent the Fees for such Services would exceed the Not-to-Exceed Amount for the then-applicable Initial Term or Optional Renewal Term if (i) it has complied with the two following paragraphs, and (ii) it notifies USAC immediately when the Not-to-Exceed Amount has been reached. If USAC notifies Vendor in writing that the Not-to-Exceed Amount has been increased and specifies the amount of the new Not-to-Exceed Amount, Vendor shall immediately resume providing the Services; provided that Vendor shall have the same right (subject to the same conditions) if the new Not-to-Exceed Amount is reached.

Appears in 3 contracts

Sources: Master Services Agreement, Master Services Agreement, Master Services Agreement

Not to Exceed Amount. Vendor shall not charge Fees in excess of the Not-to-Exceed Amount, which is stated in Attachment 1$_________ for _________. Vendor is not obligated to provide Services under this MSA to the extent the Fees for such Services would exceed the Not-to-Exceed Amount for the then-applicable Initial Term or Optional Renewal Term if (i) it has complied with the two following paragraphs, and (ii) it notifies USAC immediately when the Not-to-Exceed Amount has been reached. If USAC notifies Vendor in writing that the Not-to-Exceed Amount has been increased and specifies the amount of the new Not-to-Exceed Amount, Vendor shall immediately resume providing the Services; provided that Vendor shall have the same right (subject to the same conditions) if the new Not-to-Exceed Amount is reached.

Appears in 2 contracts

Sources: Master Services Agreement, Master Services Agreement