Examples of Maximum Reimbursement Amount in a sentence
Neither Developer nor the General Contractor nor any Subcontractor, nor any combination thereof, shall be entitled to payment in excess of the Maximum Reimbursement Amount.
In the event that the amount of the approved costs and expenses exceeds the amount of the actual payments, the City shall make a true-up payment to Developer for the difference; however, in no event, shall the true-up payment cause the total amount paid to exceed the Maximum Reimbursement Amount.
City shall reimburse Developer, in an amount not to exceed the Maximum Reimbursement Amount and subject to the terms and conditions herein, for the Sewer Income Fund Eligible Expenses of design, development, and construction of Developer’s Sewer Improvements.
The maximum amount of reimbursement for Project shall not exceed the Maximum Reimbursement Amount.
The City represents and warrants to Developer that, as of the Execution Date, the aggregate amount of funds on deposit in the Sewer Income Fund is equal to or greater than the Maximum Reimbursement Amount and that the City will use its reasonable efforts to manage the Sewer Income Fund in a manner so that the aggregate amount of funds on deposit in the Sewer Income Fund during the term of this Agreement is sufficient to pay all Reimbursable Costs in accordance with this Agreement.