Change Fees definition
Examples of Change Fees in a sentence
If Delinea redeploys the resources originally allocated to the rescheduled or cancelled Professional Services within the original project dates set forth in the Ordering Document or SOW, the Change Fees will be prorated through the date on which Delinea redeploys the resources.
Notwithstanding any other provision set forth in the Contract Documents, performance by a Surety or Guarantor of any of the obligations of DB Contractor shall not relieve DB Contractor of any of its obligations hereunder, including the payment of Liquidated Damages, Key Personnel Change Fees, Lane Rental Charges, Noncompliance Charges or other deductions, damages or charges payable by DB Contractor under the Agreement.
In addition, the Draw Request for a monthly payment must be accompanied by an attached report containing information that TxDOT can use to verify the Draw Request and monthly payment and all components of the Liquidated Damages and Key Personnel Change Fees for the prior month.
Following any TxDOT-approved substitution or replacement of a Key Personnel pursuant to the terms hereof, the new individual shall be considered a Key Personnel for all purposes under this Agreement, including the provisions of this Section 7.4 relative to Key Personnel Change Fees.
TxDOT shall have the right to deduct any amount owed by DB Contractor to TxDOT hereunder from any amounts owed by TxDOT to DB Contractor, or to collect from any bond or Guaranty furnished under this Agreement for such Key Personnel Change Fees.
If NTP1 has not been issued within 180 days after the Proposal Due Date through no act, omission, negligence, intentional misconduct, or breach of applicable Law, contract or Governmental Approval of any DB Contractor- Related Entity, DB Contractor shall have 30 days after issuance of NTP1 to identify any change in Key Personnel without incurring any Key Personnel Change Fees.
In lieu of reimbursement, TxDOT, in its discretion, shall have the right to deduct such Key Personnel Change Fees from any amounts owed by TxDOT to DB Contractor or to collect such Key Personnel Change Fees from any bond, letter of credit or Guaranty furnished in accordance with this Capital Maintenance Agreement.