Maximum Contract Payment Sample Clauses

Maximum Contract Payment. The maximum payment authorized under this Contract is [insert] (hereinafter “Maximum Contract Price”). Upon reaching seventy-five (75 percent of the Maximum Contract Price in total invoicing, Contractor shall alert AURA’s designated Contracts Officer to that fact. If AURA’s Contracts Officer has any doubt regarding whether the full SOW can be accomplished within the Maximum Contract Price, AURA may, in its sole discretion: (i) reduce the scope of work to ensure maximum value is obtained within the authorized contract amount, or (ii) increase the Maximum Contract Price by amendment to the Budget. The Contractor is not obliged to continue work beyond the target cost unless or until the contract funding is increased.
Sample 1
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Maximum Contract Payment. For Phase A and Phase B, the maximum payment authorized under this Contract is [insert] (hereinafter “Maximum Contract Price”). Upon reaching seventy-five (75) percent of the Maximum Contract Price in total invoicing, Contractor shall alert AURA’s designated Contracts Officer to that fact. If AURA’s Contracts Officer has any doubt regarding whether the full SOW can be accomplished within the Maximum Contract Price, AURA may, in its sole discretion: (i) reduce the scope of work to ensure maximum value is obtained within the authorized contract amount, or (ii) increase the Maximum Contract Price by amendment to the Budget. The Contractor is not obliged to continue work beyond the target cost unless or until the contract funding is increased subject to the Limitation of Cost Clause below.
Sample 1

Related to Maximum Contract Payment

  • CONTRACT PAYMENTS Payments cannot be processed by Authorized Users until the Vehicles have been delivered and accepted in accordance with Section III.3

  • Maximum Total Payment Including the reimbursable expenses shown above (if any), the maximum total payment under this Contract is $ ; this is a not-to-exceed amount, and the District will not pay more than this amount unless specifically agreed to in an amendment executed by the parties.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • CONTRACT PRICE/PRICE LIMITATION/ PAYMENT 5.1 The contract price, method of payment, and terms of payment are identified and more particularly described in EXHIBIT C which is incorporated herein by reference.

  • Eligible Costs II.14.1 Eligible costs of the action are costs actually incurred by a beneficiary, which meet the following criteria: – they are incurred during the duration of the action as specified in Article I.2.2 of the agreement, with the exception of costs relating to final reports and certificates on the action’s financial statements and underlying accounts; – they are connected with the subject of the agreement and they are indicated in the estimated overall budget of the action; – they are necessary for the implementation of the action which is the subject of the grant; – they are identifiable and verifiable, in particular being recorded in the accounting records of a beneficiary and determined according to the applicable accounting standards of the country where the beneficiary is established and according to the usual cost-accounting practices of the beneficiary; – they comply with the requirements of applicable tax and social legislation; – they are reasonable, justified, and comply with the requirements of sound financial management, in particular regarding economy and efficiency. The beneficiaries’ accounting and internal auditing procedures must permit direct reconciliation of the costs and revenue declared in respect of the action with the corresponding accounting statements and supporting documents.

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