Approved Licensor Work Cost Estimate definition

Approved Licensor Work Cost Estimate means Licensee’s written approval of a Licensor Work Cost Estimate.
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Examples of Approved Licensor Work Cost Estimate in a sentence

  • If the actual and reasonable costs incurred by Licensor in completing a Licensor Work exceed the pre-paid Approved Licensor Work Cost Estimate, Licensee shall pay Licensor the shortfall amount of such costs within ninety (90) days of receipt of the invoice accompanied by reasonable substantiation.

  • If such Licensor Work costs are less than the pre-paid Approved Licensor Work Cost Estimate, Licensor will refund the excess Licensor Work payment to Licensee within ninety (90) days following completion of the Licensor Work.

  • Licensor will begin Licensor Work promptly after it has received Licensee’s Approved Licensor Work Cost Estimate and full payment thereof and complete all Licensor Work within sixty (60) days thereafter.

  • Licensor will begin Licensor Work promptly after it has received Licensee’s Approved Licensor Work Cost Estimate and full payment thereof and complete all Licensor Work with reasonable promptness.

Related to Approved Licensor Work Cost Estimate

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.