Contingent Services definition
Examples of Contingent Services in a sentence
Contingent Services are generally calculated using the SHR method but may be Lump Sum or Unit Price method.
Contingent Services some services are Basic to every contract such as Preconstruction Meeting and review of Final Pay Request.
Buyer will render the services (the "Contingent Services") specified in each Customer Contract designated as a Contingent Contract (the "Contingent Customer Contracts") to the applicable customer (the "Contingent Customer") for a period of not more than thirty (30) days after the Closing Date (the "Contingency Period").
Upon conclusion of the Initial Term and the payment of all Contingent Services Fees and/or Commission Override Fees due for such Initial Term, the provisions pertaining to the Contingent Service Fee shall become null and void.
If at the end of the notice period IMH and R1 have not agreed in writing to an alternative arrangement to avoid termination of such Services, the designated Services shall be terminated, and in the case of Subsection 7.5(b), the Contingent Services shall also be terminated.
IMH its proposal to remedy such issues and avoid termination of the designated Services in the case of Subsection 7.5(a), or (ii) notify IMH of the Contingent Services that must also be terminated if such Services are terminated and that R1 will cease to provide if IMH terminates the Services designated by IMH for termination in the case of Subsection 7.5(b).
In exchange for Buyer rendering the Contingent Services, Seller will pay to Buyer cash in an amount equal to the gross amount of any service fee, royalty or other payment the Contingent Customer is obligated to pay, and actually pays directly to Seller, under the applicable Contingent Customer Contract.