Current Contract Value definition
Examples of Current Contract Value in a sentence
In the event of Contract Term Extension, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit balance of any deposit made pursuant to B4.213 by the number of whole months remaining in Normal Operating Season(s) B4.218 Cooperative Deposits.
The amount of the periodic payment(s) will be reduced if the payment(s) would result in Purchaser’s credit balance for timber charges exceeding the Current Contract Value.
In the event of Contract Term Extension, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit bal- ance of any deposit made pursuant to B4.213 by the number of whole months remaining in Normal Operat- ing Season(s) within the extension period to determine the amount of each “Extension Deposit.” Contractor shall make the initial Extension Deposit prior to Forest Service executing the contract modifica- tion.
For Final Payments on construction contracts to be released the Value of the work in place as shown on the Current Contract Schedule must equal the Current Contract Value, being the sum of the original contract and any Change Orders approved by COUNTY.
The amount of the periodic payment(s) will be reduced if the payment(s) would result in Purchaser's credit balance for timber charges exceeding the Current Contract Value.
If any Reference Asset which is a Security is subject to possible adjustments as the result of any of the events set out in clause 20.10, we will determine what adjustment, if any, should be made to the Current Contract Value or Contract Quantity of any related CFD Transaction to account for the dilutive or concentrative effect of any such event to preserve the economic equivalent of such CFD Transaction prior to the relevant event or to reflect the effect of such event on such CFD Transaction.
If any Reference Asset which is a Security is subject to possible adjustments as the result of any of the events set out in clause 21.10, we will determine what adjustment, if any, should be made to the Current Contract Value or Contract Quantity of any related CFD Transaction to account for the dilutive or concentrative effect of any such event to preserve the economic equivalent of such CFD Transaction prior to the relevant event or to reflect the effect of such event on such CFD Transaction.
The amount of the periodic payment(s) will be re- duced if the payment(s) would result in Contractor’s credit balance for timber charges exceeding the Current Contract Value.
In event rates so established would develop Current Contract Valu.e immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.
In the event of Contract Term ExtenSion, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit bal ance of any deposit made pursuant to BT4.213 by the number of whole months remaining in Normal Operating Season(s) within the extension period to determine the amount of each "Extension Deposit." Purchaser shall make the initial Extension Deposit prior to Forest Service executing the contract modifica tion.