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 TOTAL MAXIMUM OBLIGATION: $12,117,899”
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 6.12.
Examples of Maximum Obligation in a sentence
It therefore is understood by the parties that 34 reimbursement to CONTRACTOR will be only a fraction of this Aggregate Maximum Obligation.
The Maximum Obligation of COUNTY for services provided in accordance with this Agreement 18 is as specified in the Referenced Contract Provisions of this Agreement, except as allowed for in 19 Subparagraph B.
The cost of these enhanced services shall be in addition to the 23 Maximum Obligation of CITY set forth in Subsection F-2 of this Agreement.
The cost of these supplemental 22 services shall be in addition to the Maximum Obligation of CITY set forth in 23 Subsection F-2 of this Agreement.
It therefore is understood by the Parties that reimbursement to CONTRACTOR will be only a 11 fraction of this Aggregate Maximum Obligation.
More Definitions of Maximum Obligation
Maximum Obligation in the Contract are replaced with “Amount Not to Exceed.”
Maximum Obligation means the Guarantor Percentage multiplied by the Cap Amount (as defined in the Equity Commitment Letter).
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. Period One Maximum Obligation: $2,733,540 Period Two Maximum Obligation: $2,815,546 TOTAL MAXIMUM OBLIGATION: $5,549,086 7 9 10 11 12 Basis for Reimbursement: Negotiated Amount
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: $250,000 Period Two Maximum Obligation: 350,000 11 TOTAL MAXIMUM OBLIGATION: $600,000 12 Period Two Maximum Obligation: 162,697 13 Maximum Obligation: Period One Maximum Obligation: $ 250,000 Period Three Maximum Obligation: 262,303 Period Four Maximum Obligation: 300,000 14 16 TOTAL MAXIMUM OBLIGATION: $ 975,000 18 Basis for Reimbursement: Actual Cost 19 20 Payment Method: Monthly in Arrears 21 22 CONTRACTOR DUNS Number: 00-000-0000 23 24 CONTRACTOR TAX ID Number: 00-0000000 25 26 Notices to COUNTY and CONTRACTOR: 27 28 COUNTY: County of Orange 29 Health Care Agency 30 Contract Services 31 000 Xxxx 0xx Xxxxxx, Xxxxx 000 00 Xxxxx Xxx, XX 00000-0000 34 CONTRACTOR: Mind OC 35 00000 XxxXxxxxx Xxxx., Xxx. 000 00 Xxxxxx, XX 00000 37 1 Contact Name: Xxxxxxxx Xxxxxxxx 2 Contact e-mail: Xxxxxxxx.Xxxxxxxx@Xxxx-XX.xxx 3 //
Maximum Obligation shall be deleted and replaced with “Amount Not to Exceed”.