Maximum Payment Curve Sample Clauses

Maximum Payment Curve. Within one hundred twenty (120) days of the Notice to Proceed, Contractor shall, in accordance with Section 013216 of Division 1, submit a proposed Maximum Payment Curve, which is intended to: (a) forecast the value of Work and payments to be made to Contractor for performance of the Work; and (b) provide a limitation on the timing by which Contractor can receive payment for the Contract Price. Contractor shall not be obligated to, but may at its discretion, proceed with the Work at a faster rate than envisaged by the Maximum Payment Curve. The parties shall reach agreement upon the Maximum Payment Curve no later than one hundred eighty (180) days of the Notice to Proceed.
Sample 1Sample 2
AutoNDA by SimpleDocs
Maximum Payment Curve. The Project Schedule shall provide for payment to be made solely on the basis of progress by Design/Builder, subject to a cap on payments shown on the Maximum Payment Curve established for the Project. The Maximum Payment Curve shall not limit payment for Change Order Development Work unless otherwise specified in the Change Order. In other words, at no time shall Design/Builder’s cumulative total progress payments for the Project (including mobilization payments but exclusive of payments for Change Order Development Work) exceed the cumulative total expenditure permitted by the Maximum Payment Curve. The Maximum Payment Curve shall be calculated based on the monthly expenditure rate set forth in Exhibit G hereto (Form L-2), which is based on certain assumptions regarding the dates of issuance of the NTP. If Design/Builder and the Alamo RMA mutually agree in writing to a different expenditure rate at any time or if an adjustment to the expenditure rate is required due to early issuance of the NTP as evidenced by a Change Order, then such revised rate shall thereafter be the Maximum Payment Curve for the Project. The Maximum Payment Curve shall be revised from time to time thereafter upon request by the Alamo RMA or by Design/Builder on its own initiative, as appropriate to account for any changes in the Development Price as evidenced by Change Orders (including adjustments to the Development Price in accordance with the Contract Documents due to delay in issuance of the NTP) and/or Agreement amendments. The aggregate amount of progress payments to Design/Builder hereunder shall not exceed the amount allowed by the Maximum Payment Curve at any time without the prior written approval of the Alamo RMA and the Bond Trustee, if any, which approval may be withheld in their sole discretion.
Sample 1

Related to Maximum Payment Curve

  • Maximum Payment The maximum period or aggregate of periods of accident make-up pay to be made by an Employer will be a total of 39 weeks for any one injury.

  • 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.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Minimum Payment Due Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.

  • Reimbursable Expenses; Maximum Total Payment; Invoicing District will make no payment until this Contract is fully executed by the authorized representatives of both parties.

  • MINIMUM MONTHLY PAYMENT We will mail you a statement every month if your account has a balance. You agree that you will pay each month not less than the minimum monthly payment by the payment due date. The minimum monthly payment will be 3.0% for Classic accounts or 2% for Platinum accounts of your outstanding balance (“New Balance”) or $25.00, whichever is greater. If your outstanding balance is $25.00 or less, you agree to pay the balance in full. You may pay in full for all your purchases and cash advances each month, or you may repay in monthly installments. We can accept late payments or partial payments, or checks, drafts, or money orders marked “payment in full” without prejudice to our rights under this Agreement, which are hereby explicitly reserved. A credit posting from a merchant or reversal of fees do not constitute a minimum payment. The minimum monthly payment may be allocated at the Credit Union’s discretion to pay off lower rate balances, such as promotional offers, before higher rate balances, such as cash advances or purchases. Payments in excess of the minimum monthly payment will be allocated first to higher rate balances, as applicable. From time to time, we may allow you to skip your minimum monthly payment due. If you choose to skip that payment, Finance Charges will continue to accrue in accordance with this Agreement. Payments received at: Rogue Credit Union, XX Xxx 0000, Xxxxxxx, XX 00000 on or before 5:00 PM Pacific Time on any business day will be credited to your Account as of that date; payments received by mail at that address after 5:00 PM Pacific Time or on a weekend will be posted to your Account as of the next business day. Payment crediting to your Account may be delayed up to five days if your payment is received by mail at any other address or not accompanied by the remittance portion of your Account statement.

  • Maximum Contract Amount 4.4.1. Notwithstanding any other provision of this Agreement, the City’s maximum payment obligation will not exceed ($_) (the “Maximum Contract Amount”). The City is not obligated to execute an agreement or any amendments for any further services, including any services performed by the Contractor beyond that specifically described in Exhibit A. Any services performed beyond those in Exhibit A or performed outside the Term are performed at the Contractor’s risk and without authorization under this Agreement.

  • Minimum Payments If the Executive’s Termination Date occurs during the Agreement Term for any reason, the Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive may be entitled under the following provisions of this Section 5 (other than this paragraph 5(a)) or the express terms of any employee benefit plan or as required by law:

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!