TOTAL MAXIMUM COMPENSATION Sample Clauses
The "Total Maximum Compensation" clause sets a firm upper limit on the total amount payable under a contract. In practice, this means that regardless of the number or value of services or goods provided, the cumulative payments made by one party to the other cannot exceed the specified maximum amount. This clause is commonly used in service agreements or project contracts to control costs and prevent budget overruns. Its core function is to allocate financial risk and provide certainty by ensuring that the paying party is not obligated to pay more than the agreed cap.
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TOTAL MAXIMUM COMPENSATION. 6.4.1 Total compensation payable by University under this Agreement (inclusive of Basic Services, Additional Services and Reimbursable Expenses), shall not exceed $00,000,000.
TOTAL MAXIMUM COMPENSATION. The Total Maximum Compensation for the Scope of Services for the entire Agreement including reimbursable expenses shall not exceed Sixty-five Thousand, One Hundred Seventy-seven dollars and 72/100 ($65,177.72), per month for the duration of the term of this Agreement. In no case shall the amount paid by County for Scope of Services exceed the Total Maximum Compensation without an approved change order.
TOTAL MAXIMUM COMPENSATION. Comment [JB2]: This $3M amount is based on the amount that was listed in the advertisement for these CM’s. Since this blanket CMA is in essence being tested, and allowed for the limited purposes of these 3 CM firms and the 3 “buckets” of work that you/UCDMC and OGC/OP have been discussing, the amount here needs to be limited to the $3M for each of the blanket CMA’s.
6.4.1 Total compensation payable by University under this Agreement (inclusive of Basic Services, Additional Services and Reimbursable Expenses), shall not exceed $00,000,000.