ANNUAL AND AGGREGATE PROJECT SUM Sample Clauses

ANNUAL AND AGGREGATE PROJECT SUM. Owner hereby agrees to execute sufficient Work Orders and agreements for Other Work with Contractor under this Agreement so that the Annual Project Sum shall total no less than Forty Million Dollars ($40,000,000.00) per Contract Year and the Aggregate Project Sum shall total no less than Three Hundred Twenty Five Million Dollars ($325,000,000.00) during the Term. The Annual Project Sum shall be defined as the sum of all payments due by Owner to Contractor for Work actually performed by Contractor during a Contract Year including Reimbursable Costs and Contractor's Fees for each Project (hereinafter "Annual Project Sum"). The Aggregate Project Sum shall be defined as the sum of all payments paid or due by Owner to Contractor for Work actually performed by Contractor hereunder including Reimbursable Costs and Contractor's Fee for each Project (hereinafter "Aggregate Project Sum") for all Work Orders and agreements for Other Work executed during the Term. Both the Annual Project Sum and the Aggregate Project Sum shall include any Contractor's Fee Trueup amounts as set forth in Subsection 4.10.
Sample 1
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ANNUAL AND AGGREGATE PROJECT SUM. Owner hereby agrees to execute sufficient Work Orders and agreements for Other Work with Contractor under this Agreement so that the Annual Project Sum shall total no less than Fifty-Five Million Dollars ($55,000,000.00) per Contract Year and the Aggregate Project Sum shall total no less than Three Hundred Ninety Million Dollars ($390,000,000.00) during the Term. The Annual Project Sum shall be defined as the sum of all payments due by Owner to Contractor for Work actually performed by Contractor during a Contract Year including Reimbursable Costs and Contractor's Fees for each Project (hereinafter "Annual Project Sum"). The Aggregate Project Sum shall be defined the sum of all payments paid or due by Owner to Contractor for Work actually performed by Contractor hereunder including Reimbursable Costs and Contractor's Fee for each Project (hereinafter "Aggregate Project Sum") for all Work Orders and agreements for Other Work executed during the Term. Both the Annual Project Sum and the Aggregate Project Sum shall include any Contractor's Fee Trueup amounts as set forth in Article 4.10. Contractor releases Owner from any annual and aggregate requirements, and minimum percentage volume requirements in effect prior to August 24, 2000.
Sample 1

Related to ANNUAL AND AGGREGATE PROJECT SUM

  • Project Costs The Project costs are true and accurate estimates of the costs necessary to complete the Improvements in a good and workmanlike manner according to the Plans and Specifications presented by Borrower to Lender, and Borrower shall take all steps necessary to prevent the actual cost of the Improvements from exceeding the Project costs.

  • Initial Contribution The capital contributions to be made by the Member and with which the Company shall begin business are as follows: Member Name Contribution Membership Interest Century Land Holdings, LLC $ 1,000.00 100 %

  • Initial Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.

  • Direct Costs Insert the major cost elements. For each element, consider the application of the paragraph entitled “Costs Requiring Prior Approval” on page 1 of these instructions.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Cost Overruns In the event that the costs and expenses incurred by Borrower in completing any work which is the subject of this Agreement exceed the respective amounts allocated by Lender for such items of expense, Borrower shall be responsible for the payment (from sources other than the Property Reserves) of such excess costs and expenses.

  • LENDER'S EXPENDITURES If any action or proceeding is commenced that would materially affect Lender's interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower's failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Borrower. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note's maturity.

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • Joint Assessment If the Building is not separately assessed, Real Property Taxes allocated to the Building shall be an equitable proportion of the Real Property Taxes for all of the land and improvements included within the tax parcel assessed, such proportion to be determined by Lessor from the respective valuations assigned in the assessor's work sheets or such other information as may be reasonably available. Lessor's reasonable determination thereof, in good faith, shall be conclusive.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

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