Maximum Sum Sample Clauses

Maximum Sum. 4.5.1 Homes England may reduce the Maximum Sum by such amount as it determines appropriate:- (a) In the event that the Applicant receives and/or accepts an offer of any other funding and/or finance which relates to any part of the Qualifying Expenditure which the Funding is financing, which shall include without limitation: (i) any other public sector finance; or (ii) any amount recovered pursuant to any litigation and/or claim relating to the design and construction of the Building and/or manufacture of any part or parts of the Building or any components used and installed at the Building which impose a life safety fire risk or any litigation and/or claim relating to the specification and installation of the same on the Building. (b) if the Qualifying Expenditure incurred by the Applicant is lower than the Maximum Sum; or (c) where the warranty at clause 3.4.5 has been breached. 4.5.2 In the event that the Applicant receives and/or accepts an offer of any other funding and/or finance which relates to the Project (which shall include without limitation the types of funding/finance referred to in clause 4.5.1(a)(i) and/or (ii)), the Applicant shall advise Homes England as soon as reasonably practicable. 4.5.3 In the event that the: (i) Consents require a change in the Works or the Works on Site reveal that the required Works on any Building are more extensive than that set out in the Works Contracts; and (ii) value of Qualifying Expenditure exceeds the Maximum Sum,
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Maximum Sum. The CPCA may vary the Maximum Sum by an amount determined by the CPCA: - 4.6.1 if the Qualifying Expenditure incurred by the Applicant is lower than the Maximum Sum; or 4.6.2 if it appears to the CPCA that the Applicant no longer requires any further Funding for the delivery of the Project.
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Maximum Sum. During the term of this Agreement, and for each one-year extension exercised by County, the maximum obligation of County for all services provided hereunder shall not exceed One Hundred Thousand Dollars ($100,000) annually. The sum of such annual expenditures for the duration of this Agreement and all extensions shall not exceed Five Hundred Thousand Dollars ($500,000).
Sample 1
Maximum Sum. The Agency may vary the Maximum Sum by an amount determined by the Agency:- If the Applicant or any Contractor receives or accepts an offer of any other funding or Public Sector Financial Assistance or guarantees; or if the Applicant receives any Receipts; or if the Agency expends any further sums towards the Works directly; or where Qualifying Expenditure Committed in the Funding Year is lower than the Maximum Sum; or if it appears to the Agency that the Applicant no longer requires any further Funding for the delivery of the Project.
Sample 1
Maximum Sum. The Agency may vary the Maximum Sum by an amount determined by the Agency:- If the Applicant or any Contractor receives or accepts an offer of any other funding or Public Sector Financial Assistance or guarantees; or if the Applicant receives any Receipts; or if the Agency expends any further sums towards the Works directly; or where Qualifying Expenditure incurred in the Funding Year is lower than the Maximum Sum; or if it appears to the Agency that the Applicant no longer requires any further Funding for the delivery of the Project. 5THE APPLICANT'S DELIVERY OBLIGATIONS The Applicant will procure that the Project commences by the Project Start Date and that (once commenced) it is carried out and completed in a good and workmanlike manner and (subject to Force Majeure) by the Target Date of Practical Completion (but in any event by the Project Longstop Date). The Applicant will notify the Agency within 15 Working Days of the date on which the relevant Works commence(d) on the Site and the Date of Practical Completion. The Applicant will procure that each Contractor complies with its Works Contract(s) and the Applicant will enforce the terms of the Works Contracts at all times. The Applicant shall take all reasonable steps to satisfy the Agency that its procurement policies and procedures in relation to employees, suppliers and sub‑contractors (including, but not limited to, the Contactors) are suitable and competent in all respects to allow the proper performance of all work or tasks in relation to the Project. The Applicant will notify the Agency of the identity of each Contractor and any other Project partners within 10 Working Days of commencement of their involvement, and will keep the Agency informed of any change to such parties.
Sample 1

Related to Maximum Sum

  • Maximum Charges In no event whatsoever shall interest and other charges charged hereunder exceed the highest rate permissible under law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under law, such excess amount shall be first applied to any unpaid principal balance owed by Borrowers, and if the then remaining excess amount is greater than the previously unpaid principal balance, Lenders shall promptly refund such excess amount to Borrowers and the provisions hereof shall be deemed amended to provide for such permissible rate.

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • 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 Lawful Rate It is the intention of the parties hereto that the interest on the Advances shall not exceed the maximum rate permissible under Applicable Law. Accordingly, anything herein or in any Note to the contrary notwithstanding, in the event any interest is charged to, collected from or received from or on behalf of the Borrower by the Lenders pursuant hereto or thereto in excess of such maximum lawful rate, then the excess of such payment over that maximum shall be applied first to the payment of amounts then due and owing by the Borrower to the Secured Parties under this Agreement (other than in respect of principal of and interest on the Advances) and then to the reduction of the outstanding principal amount of the Advances of the Borrower.

  • Maximum Payments Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Borrower to the Holder and thus refunded to the Borrower.

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Maximum Interest Regardless of any provision contained in any of the Loan Documents, in no contingency or event whatsoever shall the aggregate of all amounts that are contracted for, charged or received by Agent or any Lender pursuant to the terms of this Agreement or any of the other Loan Documents and that are deemed interest under Applicable Law exceed the highest rate permissible under any Applicable Law (the “Maximum Rate”). No agreements, conditions, provisions or stipulations contained in this Agreement or any of the other Loan Documents or the exercise by Agent of the right to accelerate the payment or the maturity of all or any portion of the Obligations, or the exercise of any option whatsoever contained in any of the Loan Documents, or the prepayment by any Obligor of any of the Obligations, or the occurrence of any contingency whatsoever, shall entitle Agent or Lenders to charge or receive in any event, interest or any charges, amounts, premiums or fees deemed interest by Applicable Law (such interest, charges, amounts, premiums and fees referred to herein collectively as “Interest”) in excess of the Maximum Rate and in no event shall any Obligor be obligated to pay Interest exceeding such Maximum Rate, and all agreements, conditions or stipulations, if any, which may in any event or contingency whatsoever operate to bind, obligate or compel any Obligor to pay Interest exceeding the Maximum Rate shall be without binding force or effect, at law or in equity, to the extent only of the excess of Interest over such Maximum Rate. If any Interest is charged or received with respect to the Obligations in excess of the Maximum Rate (“Excess”), each Obligor stipulates that any such charge or receipt shall be the result of an accident and bona fide error, and such Excess, to the extent received, shall be applied first to reduce the principal Obligations and the balance, if any, returned to the Obligors, it being the intent of the parties hereto not to enter into an usurious or otherwise illegal relationship. The right to accelerate the maturity of any of the Obligations does not include the right to accelerate any Interest that has not otherwise accrued on the date of such acceleration, and neither Agent nor any Lender intends to collect any unearned Interest in the event of any such acceleration. Each Obligor recognizes that, with fluctuations in the rates of interest set forth in this Agreement, and the Maximum Rate, such an unintentional result could inadvertently occur. All monies paid to Agent or any Lender hereunder or under any of the other Loan Documents, whether at maturity or by prepayment, shall be subject to any rebate of unearned Interest as and to the extent required by Applicable Law. By the execution of this Agreement, each Obligor covenants that (i) the credit or return of any Excess shall constitute the acceptance by each Obligor of such Excess, and (ii) each Obligor shall not seek or pursue any other remedy, legal or equitable, against Agent or any Lender, based in whole or in part upon contracting for, charging or receiving any Interest in excess of the Maximum Rate. For the purpose of determining whether or not any Excess has been contracted for, charged or received by Agent or any Lender, all Interest at any time contracted for, charged or received from any Obligor in connection with any of the Loan Documents shall, to the extent permitted by Applicable Law, be amortized, prorated, allocated and spread in equal parts throughout the full term of the Obligations. Obligors, Agent and Lenders shall, to the maximum extent permitted under Applicable Law, (i) characterize any non-principal payment as an expense, fee or premium rather than as Interest and (ii) exclude voluntary prepayments and the effects thereof. The provisions of this Section 3.10 shall be deemed to be incorporated into every Loan Document (whether or not any provision of this Section is referred to therein). All such Loan Documents and communications relating to any Interest owed by any Obligor and all figures set forth therein shall, for the sole purpose of computing the extent of Obligations, be automatically recomputed by the Obligors, and by any court considering the same, to give effect to the adjustments or credits required by this Section 3.10.

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