Maximum Obligation. Period One Maximum Obligation: $2,885,214 Period Two Maximum Obligation: $2,885,214 Period Three Maximum Obligation: $2,885,214 Period Four Maximum Obligation: $3,462,257 TOTAL MAXIMUM OBLIGATION: $12,117,899”
Maximum Obligation or “Rate change”. • No Compensation Change, should only be selected if there is no change to the compensation under the Contract, including Maximum Obligation, Line-item redistribution or Rates. Then Skip to “Other” and identify the type of Amendment being made and attach documentation for change. • Budget Line Items Redistribution (No Maximum Obligation Change). Identify any changes in budget line items that move funding around within current Maximum Obligation and procurement parameters. Attach amended performance and budget terms to support redistribution.
Maximum Obligation is defined in Section 8.12.
Examples of Maximum Obligation in a sentence
Budget Regulations and Restrictions: The following must be utilized in developing the budget:• Maximum Obligation: Awards will not be modified to provide additional funds for such purposes as reimbursement for unrecovered indirect/facilities and administrative costs resulting from the establishment of final negotiated rates or for increases in salaries, fringe benefits, and other costs.
Maximum Obligation ....................................................................................................
If the Contract is being amended, enter the new Maximum Obligation based upon the increase or decreasing Amendment.
The Total Maximum Obligation must reflect the total funding for the dates of service under the contract, including the Amendment amount if the Contract is being amended.
Identify if the Contract is a Rate Contract (with no stated Maximum Obligation) or a Maximum Obligation Contract (with a stated Maximum Obligation) and identify the Maximum Obligation.
More Definitions of Maximum Obligation
Maximum Obligation means the Guarantor Percentage multiplied by the Cap Amount (as defined in the Equity Commitment Letter).
Maximum Obligation means the aggregate amount due hereunder, but in no event higher than the maximum amount for which that Borrower could be liable hereunder without rendering its obligation hereunder or the granting of liens and security interests in connection herewith void under applicable law as a Fraudulent Conveyance. A “Fraudulent Conveyance” shall mean a fraudulent conveyance under title 11 of the United States Code as amended or under applicable state law regarding fraudulent conveyances, fraudulent transfer or other similar law in effect from time to time. In making such determination, the parties agree that the Maximum Obligation may increase from time to time as the maximum amount for which any Borrower could be liable without rendering its obligations hereunder void under applicable law as a Fraudulent Conveyance increases.
Maximum Obligation. The total Maximum Obligation of COUNTY to the CONTRACTOR for the cost of services provided in accordance with this Contract is $3,665,000 as further detailed in the Budget Schedule, identified and incorporated herein by this reference as Attachment ‘C-4.’”
Maximum Obligation. Period One Maximum Obligation: $250,000 Period Two Maximum Obligation: 350,000 11 TOTAL MAXIMUM OBLIGATION: $600,000 12 Period Two Maximum Obligation: 162,697 13 Maximum Obligation: Period One Maximum Obligation: $ 250,000 Period Three Maximum Obligation: 262,303 Period Four Maximum Obligation: 300,000 14 16 TOTAL MAXIMUM OBLIGATION: $ 975,000 18 Basis for Reimbursement: Actual Cost 19 20 Payment Method: Monthly in Arrears 21 22 CONTRACTOR DUNS Number: 00-000-0000 23 24 CONTRACTOR TAX ID Number: 00-0000000 25 26 Notices to COUNTY and CONTRACTOR: 27 28 COUNTY: County of Orange 29 Health Care Agency 30 Contract Services 31 000 Xxxx 0xx Xxxxxx, Xxxxx 000 00 Xxxxx Xxx, XX 00000-0000 34 CONTRACTOR: Mind OC 35 00000 XxxXxxxxx Xxxx., Xxx. 000 00 Xxxxxx, XX 00000 37 1 Contact Name: Xxxxxxxx Xxxxxxxx 2 Contact e-mail: Xxxxxxxx.Xxxxxxxx@Xxxx-XX.xxx 3 //
Maximum Obligation shall be deleted and replaced with “Amount Not to Exceed”.
Maximum Obligation. Period One Maximum Obligation: $174,490 174,490 Period Two Maximum Obligation: 7 $348,980 TOTAL MAXIMUM OBLIGATION: 8 9 Basis for Reimbursement: Actual Cost 10 11 Payment Method: Actual Cost 12 14 Notices to COUNTY and CONTRACTOR: 15 COUNTY: County of Orange 16 Health Care Agency Contract Development and Management 17 000 Xxxx 0xx Xxxxxx, 0xx Xxxxx 00 Xxxxx Xxx, XX 00000-0000 19 CONTRACTOR: Executive Director 20 Straight Talk Clinic, Inc. 21 0000 Xxxx Xxxxxx 00 Xxxxxxx, XX 00000 23 24 CONTRACTOR’s Insurance Coverages: 26 Coverage Minimum Limits 27 Commercial General Liability $1,000,000 per occurrence 28 $2,000,000 aggregate 29 Automobile Liability, including coverage $1,000,000 per occurrence 30 for owned, non-owned and hired vehicles 32 Workers' Compensation Statutory 33 Employer's Liability Insurance $1,000,000 per occurrence 34 35 Professional Liability Insurance $1,000,000 per claims made or per occurrence 37 Sexual Misconduct $1,000,000 per occurrence