Common use of OBLIGATED AMOUNT AND MAXIMUM CONTRACT CEILING Clause in Contracts

OBLIGATED AMOUNT AND MAXIMUM CONTRACT CEILING. a) Minimum Obligated Amount. The basic contract includes an initial obligation of Insert to cover minimum order guarantee. Chemonics is required to order and the Subcontractor is required to furnish the minimum order amount of services. This minimum order guarantee and initial obligation shall be met through the first sub-task order placed hereunder. Individual sub-task orders will obligate funds to cover the work required under each sub-task order.

OBLIGATED AMOUNT AND MAXIMUM CONTRACT CEILING. a) Minimum Obligated Amount. The basic contract includes an initial obligation of Insert $10,000.00 to cover minimum order guarantee. Chemonics is required to order and the Subcontractor is required to furnish the minimum order amount of services. This minimum order guarantee and initial obligation shall be met through the first sub-task order orders placed hereunder. Individual sub-task orders will obligate funds to cover the work required under each sub-task order.

OBLIGATED AMOUNT AND MAXIMUM CONTRACT CEILING. a) Minimum Obligated Amount. The basic contract includes an initial obligation of [Insert amount] to cover minimum order guarantee. Chemonics is required to order and the Subcontractor is required to furnish the minimum order amount of services. This minimum order guarantee and initial obligation shall be met through the first sub-task order placed hereunder. Individual sub-task orders will obligate funds to cover the work required under each sub-task order.