Common use of Maximum Total Amount Payable Clause in Contracts

Maximum Total Amount Payable. The maximum total amount payable, by the AGENCY to the CONSULTANT under this AGREEMENT, shall not exceed the amount shown in the heading of this AGREEMENT as maximum amount payable, which includes the Fixed Fee, unless a supplemental agreement has been negotiated and executed by the AGENCY prior to incurring any costs in excess of the maximum amount payable.

Maximum Total Amount Payable. The maximum total amount payable, Maximum Total Amount Payable by the AGENCY to the CONSULTANT under this AGREEMENT, AGREEMENT shall not exceed the amount shown in the heading of this AGREEMENT as maximum amount payable, which includes the Fixed Fee, unless a supplemental agreement has been negotiated and executed by the AGENCY prior to incurring any costs in excess AGREEMENT. The Maximum Total Amount Payable is comprised of the maximum Total Amount Authorized, and the Management Reserve Fund. The Maximum Total Amount Payable does not include payment for Extra Work as stipulated in Section XIV, “Extra Work.” No minimum amount payablepayable is guaranteed under this AGREEMENT.