Common use of Project Benefits Surpluses Clause in Contracts

Project Benefits Surpluses. If an Annual Project Benefits Surplus occurs for any one year of the Guarantee Term, Contractor may, at its discretion, apply the amount of such surplus to set off any subsequent Annual Project Benefit Shortfall during the Guarantee Term.

Appears in 2 contracts

Samples: Professional Services Contract, Professional Services Contract

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Project Benefits Surpluses. If an Annual Project Benefits Surplus occurs for any one year of the Guarantee Term, Contractor may, at its discretion, apply the amount of such surplus to set off any subsequent Annual Project Benefit Shortfall during the Guarantee TermCustomer retains all benefits and amounts for that year and will be evaluated on a yearly basis.

Appears in 1 contract

Samples: Performance Contract

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Project Benefits Surpluses. If an Annual Project Benefits Surplus occurs for any one year of the Guarantee Term, Contractor Consultant may, at its discretiondiscretion and in any combination, (a) apply the amount of such surplus to set off any subsequent Annual Project Benefit Shortfall during the Guarantee Term.Shortfall

Appears in 1 contract

Samples: Professional Services Contract

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