Common use of Maximum Funding Clause in Contracts

Maximum Funding. County will pay Second Party an amount not to exceed the amount specified in Exhibit A, "Agreement Specifications," for work actually performed and completed pursuant to this Agreement, which amount shall be accepted by Second Party as full compensation for all such work. Second Party acknowledges that this amount is the maximum payable and constitutes a limitation upon County's obligation to compensate Second Party for its services related to this Agreement. This maximum amount, however, does not constitute a limitation, of any sort, upon Second Party's obligation to perform all items of work required by or which can be reasonably inferred from the Scope of Services. No amount shall be paid to Second Party to reimburse its expenses, unless otherwise provided herein. County funding under this Agreement relates exclusively to the Initial Term and County is not obligated to fund Second Party beyond the Initial Term. In the event that the Contract Administrator exercises either Option Period under this Agreement, or in the event this Agreement is extended pursuant to Article 2, the maximum amount payable by County shall not exceed the amount specified for each period in Exhibit A, except as provided in Section 4.3, "MAXIMIZATION OF EXPENDITURE OF COUNTY FUNDS," herein.

Maximum Funding. County will pay Second Party SBBC an amount not to exceed the amount specified in Exhibit A, "Agreement Specifications," for work actually performed and completed pursuant to this Agreement, which amount shall be accepted by Second Party SBBC as full compensation for all such work. Second Party SBBC acknowledges that this amount is the maximum payable and constitutes a limitation upon County's obligation to compensate Second Party SBBC for its services related to this Agreement. This maximum amount, however, does not constitute a limitation, of any sort, upon Second PartySBBC's obligation to perform all items of work required by or which can be reasonably inferred from the Scope of Services. No amount shall be paid to Second Party SBBC to reimburse its expenses, unless otherwise provided herein. County funding under this Agreement relates exclusively to the Initial Term and County is not obligated to fund Second Party SBBC beyond the Initial Term. In the event that the Contract Administrator exercises either Option Period under this Agreement, or in the event this Agreement is extended pursuant to Article 2, the maximum amount payable by County shall not exceed the amount specified for each period in Exhibit A, except as provided in Section 4.3, "MAXIMIZATION OF EXPENDITURE OF COUNTY FUNDS," herein.