Examples of Award Amount in a sentence
The Owner shall pay the Contractor in current funds for the performance of the Work, subject to additions and deductions by Change Order as provided in the Contract Documents, the Contract Sum of Base Bid Amount $ Bid Lot 1 $ Bid Lot 2 $ Bid Lot 3 $ Alternates (if any) $ Award Amount $ Gross Receipts Tax* @ % $ Contract Sum $ Dollars ($ ).
As at the date of this announcement, the Final Award Amount together with interest accruing thereon amounted to US$208,793,407 and has not been paid by the Obligors pursuant to the Final Award.
On 20 October 2020, the Final Award was issued in favour of the Aetos Parties against the Obligors, pursuant to which the Obligors are adjudged to owe and be liable to pay the Final Award Amount, together with interest accruing thereon.
By entering into the Settlement Agreement, the Obligors have acknowledged and agreed that they are lawfully indebted to the Aetos Parties for the aggregate sum of US$208,793,407 (the “Total Payment Obligation”), representing the Final Award Amount plus interest accrued on the price of the Amended Put Option from 20 October 2020 (being the date of the Final Award) to 5 March 2021.