Maximum Obligation. Period One Maximum Obligation: $2,885,214 Period Two Maximum Obligation: $2,885,214 Period Three Maximum Obligation: $2,885,214 Period Four Maximum Obligation: $3,462,257
Maximum Obligation or “Rate change”. • No Compensation Change, should only be selected if there is no change to the compensation under the Contract, including Maximum Obligation, Line-item redistribution or Rates. Then Skip to “Other” and identify the type of Amendment being made and attach documentation for change. • Budget Line Items Redistribution (No Maximum Obligation Change). Identify any changes in budget line items that move funding around within current Maximum Obligation and procurement parameters. Attach amended performance and budget terms to support redistribution.
Maximum Obligation is defined in Section 8.12.
Examples of Maximum Obligation in a sentence
Total Monthly Costs may exceed one-twelfth of the Maximum Obligation of County.
Budget Regulations and Restrictions: The following must be utilized in developing the budget:• Maximum Obligation: Awards will not be modified to provide additional funds for such purposes as reimbursement for unrecovered indirect/facilities and administrative costs resulting from the establishment of final negotiated rates or for increases in salaries, fringe benefits, and other costs.
If the Contract is being amended, enter the new Maximum Obligation based upon the increase or decreasing Amendment.
Maximum Obligation...............................................................................................................
The Total Maximum Obligation must reflect the total funding for the dates of service under the contract, including the Amendment amount if the Contract is being amended.
More Definitions of Maximum Obligation
Maximum Obligation means the aggregate amount due hereunder, but in no event higher than the maximum amount for which that Borrower could be liable hereunder without rendering its obligation hereunder or the granting of liens and security interests in connection herewith void under applicable law as a Fraudulent Conveyance. A “Fraudulent Conveyance” shall mean a fraudulent conveyance under title 11 of the United States Code as amended or under applicable state law regarding fraudulent conveyances, fraudulent transfer or other similar law in effect from time to time. In making such determination, the parties agree that the Maximum Obligation may increase from time to time as the maximum amount for which any Borrower could be liable without rendering its obligations hereunder void under applicable law as a Fraudulent Conveyance increases.
Maximum Obligation means the Guarantor Percentage multiplied by the Cap Amount (as defined in the Equity Commitment Letter).
Maximum Obligation shall be deleted and replaced with “Amount Not to Exceed”.
Maximum Obligation. The total Maximum Obligation of COUNTY to the CONTRACTOR for the cost of services provided in accordance with this Contract is $3,665,000 as further detailed in the Budget Schedule, identified and incorporated herein by this reference as Attachment ‘C-4.’”
Maximum Obligation. Period One Maximum Obligation: $1,188,364 8 Period Two TOTAL CONTRACT MAXIMUM OBLIGATION: $3,507,357 9 Maximum Obligation: $2,318,993 10 11 Basis for Reimbursement: Actual Cost 12 Payment Method: Provisional Amount 13 14 Notices to COUNTY and CONTRACTOR: 16 COUNTY: County of Orange Health Care Agency 17 Contract Development and Management 00 000 Xxxx 0xx Xxxxxx, Xxxxx 000 19 Santa Ana, CA 92701-4637 20 CONTRACTOR: Telecare Corporation 00 0000 Xxxxxx Xxxxxxx Xxxxxxx, Xxxxx 000 00 Xxxxxxx, XX 00000 23 CONTRACTOR’s Insurance Coverages: 25 Coverage Minimum Limits 26 ComprehensiveCommercial General Liability with $1,000,000 combined single limit 27 broad form Property damage and per occurrence 28 contractual liability $2,000,000 aggregate 29 Automobile Liability, including coverage $1,000,000 per occurrence 30 for owned, non-owned and hired vehicles combined single limit per occurrence 31 32 Workers' Compensation Statutory 33 Employer's Liability Insurance $1,000,000 per occurrence 34 35 Professional Liability Insurance $1,000,000 per claims made or
Maximum Obligation. Period One Amount Not to Exceed: $ 3,548,160 10 Period Two Amount Not to Exceed: $ 3,548,160 11 Period Three Amount Not to Exceed: $ 3,548,160 12 TOTAL AMOUNT NOT TO EXCEED: $ 10,644,480 13 15 Basis for Reimbursement: Fee-for-Service 16 Payment Method: Monthly in Arrears 17 18 19 CONTRACTOR DUNS Number: 00-000-0000 20 21 CONTRACTOR TAX ID Number: 00-0000000 24 Notices to COUNTY and CONTRACTOR: 25 26 COUNTY: County of Orange 27 Health Care Agency 28 Medical & Correctional Health Services Operations 29 000 Xxxx 0xx Xxxxxx, 0xx Xxxxx 00 Xxxxx Xxx, XX 00000-0000 32 CONTRACTOR: Miles Xxxxxx, Executive Vice President 33 Aligned Telehealth, LLC 34 0000 Xxxxxx Xxx, Xxxxx 000 00 Xxxxxxxx Xxxxx, XX 00000 36 xxxxxxx@xxxxxxxxx.xxx 00 (000) 000-0000
Maximum Obligation in the Contract shall be replaced with “Amount Not To Exceed”.