Contingency Amount definition
Contingency Amount for a DC Project shall equal the sum of the Base Contingency for such DC Project plus any Excess Contingency specified in the Notice to Proceed for such DC Project executed by Webvan. The "BASE CONTINGENCY" for a DC Project shall equal (i) [*] of the Approved Cost of the Work for each of the first [*] DC Projects for which Webvan has executed a Notice to Proceed and (ii) [*] of the Approved Cost of the Work for each additional DC Project. In addition to the Base Contingency, Bechtel may request that Webvan approve an additional contingency amount (the "EXCESS CONTINGENCY") for a particular DC Project. Notwithstanding anything to the contrary in any Contract Document (including, without limitation, any Notice to Proceed), the Excess Contingency for any DC Project shall in no event exceed [*] of the Approved Cost of the Work for such DC Project. An Excess Contingency may only be requested by Bechtel and shall only be deemed approved by Webvan if such Excess Contingency is expressly identified in the Notice to Proceed executed both by Bechtel and by Webvan for a DC Project. Webvan shall not unreasonably withhold its approval of any Excess Contingency requested by Bechtel.
Contingency Amount means an amount we will deduct from your Package Funds to provide funding for you in the event of an emergency, unplanned event or increased care needs in the future the amount of which is set out in the Agreement Details or as otherwise agreed in writing including in your Budget;
Contingency Amount means the amount specified in Item 16 of the Schedule; Contingency Event means an event that was not reasonably foreseeable at the time of entering into the Contract and that significantly changes the amount or nature of the work required to perform the Auditing Services including:
Examples of Contingency Amount in a sentence
Notwithstanding anything to the contrary in this Article 17, all Change Orders shall be prepared and issued by the Architect and shall become effective when executed by the authorized District representative (utilizing either a Construction Contingency Amount or a District Contingency Amount), the Architect, and the Contractor.
Include with the request for Contingency Supplemental Agreement an Initial Contingency Amount Pay Item funds authorization summary.
If the Financing Contingency Amount in Section 2.17 is not zero ($0.00), then this Agreement is subject to a financing contingency and Section 6.1 does not apply.
Before a Contingency Supplemental Agreement can be issued against the contract, 50% of the Initial Contingency Amount Pay Item must be authorized for payment.
Uncommitted Contingency Supplemental Agreement funds and Initial Contingency Amount Pay Item funds should be unencumbered after Final Acceptance.
More Definitions of Contingency Amount
Contingency Amount means (a) as of any date occurring prior to the issuance of the Notice to Proceed, a contingency amount equal to (i) the lesser of (A) 15% and (B) such lower percentage as (1) prior to the occurrence of Project Financial Close, the Coordination Committee may agree based on input from the Independent Engineer and (2) from and after the occurrence of Project Financial Close, the Project Financing Parties determine to be acceptable for purposes of the financing the Construction Costs as part of the Project Financing multiplied by (ii) the amount of all Construction Costs reasonably anticipated by the Clean Line Entities as of such date of determination to be incurred from and after such date of determination in connection with achieving Project Completion (such contingency amount being the “Base Contingency Amount”) and (b) on any date occurring after the issuance of the Notice to Proceed, (i) the Base Contingency Amount as of the date of the issuance of the Notice to Proceed minus (ii) the amount of any reduction in the Base Contingency Amount agreed by the Project Financing Parties minus (iii) any amounts of the Base Contingency Amount applied to the payment of Construction Costs since the issuance of the Notice to Proceed.
Contingency Amount means, with respect to any Development Budget, the amount, if any, of any contingency provided in such Development Budget in respect of the calculation of the Development Costs.
Contingency Amount means an amount of Cash equal to One Million Six ------------------ Hundred Thousand Dollars ($1,600,000).
Contingency Amount has the meaning set forth in Section 1.3(d).
Contingency Amount means a Budget Line Item which shall represent an amount necessary to provide reasonable assurances to the Capital Provider that the CoPACE Loan funds are available to be used if additional costs and expenses are incurred or additional interest accrues on the CoPACE Loan, or unanticipated events or problems occur, in the amount as set forth in Section 6.
Contingency Amount shall have the meaning set forth in Section 1.9(a). Contingency Tranche: shall have the meaning set forth in Section 1.9(a). Contingency Tranche Closing: shall have the meaning set forth in Section
Contingency Amount has the meaning set forth in Section 1.4(g).