Nominal Contract Value definition

Nominal Contract Value means the dollar amount resulting by multiplying the Contract Amount by the Contract Price by ten (10).
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Examples of Nominal Contract Value in a sentence

  • In the event that the Commercial Operation Date is not extended pursuant to the provisions of Section 4.4, but the Facility is resized pursuant to the provisions of Section 4.5, Seller shall be entitled only to a portion of the Development Security equal to (i) two percent (2%) times the Nominal Contract Value multiplied by (ii) the ratio of the revised Contract Amount resulting from the resizing to the original Contract Amount prior to the resizing, provided such ratio does not exceed 100%.

  • If the Facility has not achieved Commercial Operation by the Effective Date, Seller shall post and thereafter maintain development security equal to two percent (2%) of the Nominal Contract Value upon execution of this Agreement.

Related to Nominal Contract Value

  • Annual Contract Value or “ACV” means the net subscription fee for one (1) year as defined in the Order Form for a specific Customer.

  • Total Contract Value means contract value plus statutory dues like GST etc. and any other amount payable under contract.

  • Contract Value means that portion of the Contract Price adjusted to give effect to such additions or deductions as are provided for in the Contract which is properly apportion-able to the Goods or Services in question.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and