Common use of Notice of Depletion Clause in Contracts

Notice of Depletion. Within seven (7) days of when the accumulated amount of Fees and Reimbursable Expenses reaches eighty percent (80%) of the maximum not-to-exceed contract amount(s), PSP shall deliver written notice thereof to TFC. Nothing herein shall be construed to require TFC to increase the approved maximum not-to-exceed contract amount(s) established pursuant to any Assignment hereunder.

Appears in 49 contracts

Samples: Architectural Services Agreement, Professional Engineering Services Agreement, Professional Engineering Services Agreement

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Notice of Depletion. Within seven (7) days Days of when the accumulated amount of Fees fees and Reimbursable Expenses reaches eighty percent (80%) of the maximum not-to-exceed contract amount(s)) set forth above, PSP shall deliver written notice thereof to TFC. Nothing herein shall be construed to require TFC to increase the approved maximum not-to-exceed contract amount(s) established pursuant to any Assignment hereunderthis Agreement.

Appears in 1 contract

Samples: Professional Services Agreement

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Notice of Depletion. Within seven (7) days of when the accumulated amount of Fees and Reimbursable Expenses when expenditures for such work reaches eighty percent (80%) of the maximum not-to-exceed contract amount(s), PSP shall deliver written notice thereof to TFC. Nothing herein shall be construed to require TFC to increase the approved maximum not-to-exceed contract amount(s) established pursuant to any Assignment hereunderthis Agreement.

Appears in 1 contract

Samples: Professional Services Agreement

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