Contract Term and Not-to-Exceed Price Sample Clauses

Contract Term and Not-to-Exceed Price. The term of this Contract is one (1) year(s) from the date of award of the Contract by the District’s governing board (“Term”). For every satisfactory and timely delivery of ordered Supplies, District agrees to pay Seller based on the unit prices and taxes listed by Seller in the Seller’s Bid Form for those Supplies, with such payment being made within forty-five (45) calendar days following receipt of Seller’s invoice or satisfactory and timely delivery, whichever is later. The District’s total purchases from Seller under this Contract may not exceed dollars ($ ). At any time during the Term, District may terminate the Contract for convenience effective upon Seller’s receipt of written notice of such termination; and such written notice may limit or delay the effective date of the termination.
Sample 1
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Contract Term and Not-to-Exceed Price. The term of this Contract is one (1) year(s) from the date of award of the Contract by the District’s governing board (“Term”). For every satisfactory and timely delivery of ordered Supplies, District agrees to pay Seller based on the unit prices and taxes listed by Seller in the Seller’s Bid Form for those Supplies, with such payment being made within forty-five (45) calendar days following receipt of Seller’s invoice or satisfactory and timely delivery, whichever is later. The District’s total purchases from Seller under this Contract may not exceed one hundred twenty-three thousand dollars ($123,000). At any time during the Term, District may terminate the Contract for convenience effective upon Seller’s receipt of written notice of such termination; and such written notice may limit or delay the effective date of the termination.
Sample 1

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