Maximum Amount Payable definition
Examples of Maximum Amount Payable in a sentence
Maximum Amount Payable: The Maximum Amount Payable by the AGENCY to the CONSULTANT under this AGREEMENT shall not exceed the amount shown in the heading of this AGREEMENT on page one (1.) The Maximum Amount Payable does not include payment for extra work as stipulated in section XIII, “Extra Work.” No minimum amount payable is guaranteed under this AGREEMENT.
The University shall be obligated to pay the Maximum Amount Payable only to the extent due to the Contractor under this Section IV.
The parties acknowledge that additional funds may be necessary to compensate the Contractor for Additional Services and, in such event, the Maximum Amount Payable will be increased accordingly by amendment to this Agreement.
The Maximum Amount Payable by the AGENCY to the CONSULTANT under this AGREEMENT shall not exceed the amount shown in the heading of this AGREEMENT on page one (1.) The Maximum Amount Payable does not include payment for extra work as stipulated in section XIII, “Extra Work.” No minimum amount payable is guaranteed under this AGREEMENT.
Actual costs to be reimbursed shall be determined by audit of such costs to the date established by the Contract Administrator in the termination notice, except that actual costs to be reimbursed shall not exceed the Maximum Amount Payable.
The Maximum Amount Payable for all services required, pursuant to this Contract, shall be the total of all Work Authorizations listed on the attached Appendix “B”, entitled SUMMARY OF PAYMENTS.
The Ministry must pay the Funding (up to the "Total Maximum Amount Payable" specified in the Key Details) to the Recipient, subject to the terms of this Agreement.
Estimated Actual Costs $ [Insert Costs] Fixed Fee (Prime Only) $ [Insert Fee] Contingency (Prime Only) $ [Insert Contingency] Maximum Amount Payable $ [Insert Amount] If at any time during the work the Consultant determines that its actual costs will exceed the estimated actual costs, thus necessitating the use of a contingency amount, it will promptly so notify the Engineer in writing and describe what costs are causing the overrun and the reason.
Maximum Amount Payable for all Services required pursuant to the Contract shall be the total of all Projects listed on the attached Appendix.
The Recipient is not required to refund, under this clause 2.6, any amount that exceeds the Total Maximum Amount Payable.