Initial Contract Amount definition
Examples of Initial Contract Amount in a sentence
During the term of the Second Renewal and Modification, the following distributions shall be made: 100% of all service revenue collected shall be retained by the CONTRACTOR and used as a funding source for the Initial Contract Amount in Section II.A. Service revenue shall be applied towards Contractor fees, defined in Exhibit “A” Section 3, on a monthly basis.
Contractor’s full and satisfactory performance under the Contract for the duration of the Original Term, and (b) the corresponding compensation identified in paragraph 5; the maximum number of dollars that the Department may be obligated to pay to the Contractor under the terms of the Contract for the Original Term is: $ 137,854,800.00 (Initial Contract Amount).
Initial Contract Amount $591,660.00 Previous Change Orders $560,000.00 Previous Addendum $1,226,009.68 Addendum No. 2 $750,000.00 NEW CONTRACT AMOUNT $3,127,669.68 2.
Beginning on March 21, 2022, the following distributions shall be made specifically for RAPID: 100% of all service revenue collected for RAPID shall be retained by the CONTRACTOR and used as a funding source for the Initial Contract Amount in Section II.A. Service revenue shall be applied towards Contractor fees, defined in Exhibit “A” Section 3, on a monthly basis.
During the term of the Third Renewal and Modification, the following distributions shall be made: 100% of all service revenue collected shall be retained by the CONTRACTOR and used as a funding source for the Initial Contract Amount in Section II.A. Service revenue shall be applied towards Contractor fees, defined in Exhibit “A” Section 3, on a monthly basis.
During the term of the Fourth Renewal and Modification, the following distributions shall be made: 100% of all service revenue collected shall be retained by the CONTRACTOR and used as a funding source for the Initial Contract Amount in Section II.A. Service revenue shall be applied towards Contractor fees, defined in Exhibit “A” Section 3, on a monthly basis.