Financial Limit Sample Clauses
A Financial Limit clause sets a maximum cap on the amount of financial liability one party may incur under a contract. Typically, this clause specifies a dollar amount or formula that limits damages, indemnities, or claims, regardless of the total losses suffered. For example, it may restrict a supplier’s liability to the value of the contract or a multiple of the fees paid. The core function of this clause is to allocate and manage risk by providing certainty and predictability regarding potential financial exposure for both parties.
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Financial Limit. The financial limit of State appropriated funds under this Agreement shall not exceed the amount indicated on the latest executed version of the signature page of this Agreement and the Department shall not be obligated to make any payment to the Contractor in excess of that amount.
Financial Limit. 3.1 Payments under this Call-down Contract shall not, exceed £3,714,736 (“the Financial Limit”) and is exclusive of any government tax, if applicable as detailed in Annex B. When Payments shall be made on a 'Milestone Payment Basis' the following Clause 28.1 shall be substituted for Clause 28.1 of the Framework Agreement.
Financial Limit. 2.1.1 The financial limit or ceiling price for the performance of the Services must not exceed the Total value of Subcontract Agreement specified in the Contract Data in Section 1.
2.1.2 Within the limit referred to specified in paragraph 2.1.1 above, ceilings for fees and expenses shall apply as follows: £<enter amount> is allocated for fees and; £<enter amount> is allocated for expenses.
2.1.3 The Subcontractor shall closely monitor the limits set out in 2.1.2 above and in the schedule of fees and the schedule of expenses below.
2.1.4 Amounts allocated for fees cannot be applied towards expenses and vice-versa without Chemonics giving its prior written consent.
2.1.5 If the Subcontractor wants the parties to apply amounts allocated for fees towards expenses or vice-versa it must give Chemonics at least 60 days written notice of its wish to do so.
Financial Limit. 3.1 Payments under this Calldown Contract shall not, exceed £532,433 (“the Financial Limit”) and is exclusive of any government tax, if applicable.
Financial Limit. Payments under this Contract shall not, in any circumstances, exceed £15,800,000.00 exclusive of any government tax, if applicable.
Financial Limit. 3.1 The components which comprise the Financial Limit are set out in Section 5 (Schedule of Prices). No expenditure may be incurred in excess of the Financial Limit and no virements between components shown in the Section 5 (Schedule of Prices) are permitted without the prior written authority of the DFID Contract Officer.
Financial Limit. Payments under this Contract shall not, in any circumstances, exceed £438,390 (UK Pound Four Hundred Thirty Eight Thousand and Three Hundred Ninety only) ("the Financial Limit") inclusive of all taxes.
Financial Limit. Payments under this Contract shall not, in any circumstances, exceed INR 82, 12,416 (Rupees Eighty Two Lacs Twelve Thousand Four Hundred Sixteen Only) exclusive of all government taxes ("the Financial Limit").
Financial Limit. Payments under this Contract shall not, in any circumstances, exceed £1,748,800 (UK Pound One Million Seven Hundred Forty Eight Thousand Eight Hundred only)"the Financial Limit” exclusive of any government tax, if applicable.
Financial Limit. Payments under this Contract shall not, in any circumstances, exceed [XXX] for fees and [XXX] for expenses within a total limit of [XXX] inclusive of all taxes applicable ("the Financial Limit").