Not to Exceed Amount definition
Examples of Not to Exceed Amount in a sentence
The Contractor’s fee set forth in this Agreement shall be full compensation for all of Contractor’s Services incurred in its performance of the services set forth in Appendix “A” but is only a Not to Exceed Amount and not a guarantee of total payment, as payment is owed only for Services rendered.
CITY agrees to pay CONSULTANT as compensation for performance of all services as related to each Task Order under the terms of this Agreement a Not to Exceed Amount as agreed upon per Task Order.
The County shall have no obligation to pay any sum in excess of the Unit Prices and Total Aggregate Contract Not to Exceed Amount specified herein unless authorized by amendment in accordance with Articles 29 and 44 of the County Contract Terms and Conditions, which may require approval by the County Board of Supervisors.
Design Builder guarantees that during Phase 1, Design Builder’s Compensation shall not exceed the Phase 1 Not to Exceed Amount (“Phase 1 NTE”) of Dollars ($ ).
Without limiting the generality of the foregoing, and notwithstanding the provisions of subparagraph (b)(iii)(B) above or any other provision of this Contract, in no event shall the State be liable to pay the Contractor any sums which, in combination with any and all other payments that have been and may otherwise yet need to be paid to the Contractor would exceed the total Not to Exceed Amount applicable to this Contract as set forth in Section 6 below.