Examples of Project Management Fee in a sentence
Accordingly, the Liability Cap increases from up to HK$4.94 billion to up to HK$6.69 billion as the HSR Project Management Fee is increased in accordance with the HSR Agreement (as it will be equal to the increased HSR Project Management Fee under the HSR Entrustment Agreement of HK$6.34 billion plus the additional fees referred to above).
Under the HSR Entrustment Agreement, the Liability Cap is equal to the HSR Project Management Fee and any other fees that the Company receives under HSR Entrustment Agreement and certain fees received by the Company under the Preliminary Entrustment Agreement.
Under the XRL Entrustment Agreement, the Company’s total aggregate liability to the HKSAR Government arising out of or in connection with the XRL Preliminary Entrustment Agreement and the XRL Entrustment Agreement (other than for death or personal injury) is subject to a cap equal to the Project Management Fee and any other fees that the Company receives under the XRL Entrustment Agreement and certain fees received by the Company under the XRL Preliminary Entrustment Agreement (the “Liability Cap”).
If a Dispute referred to in clause 13.2(a) is not resolved in accordance with clause 16.2 the Study Funder may refer the Dispute to an Expert to determine the Provisional Project Management Fee, the Project Management Fee and/or the Adjustment Amount (as applicable).
The Study Funder acknowledges and agrees that a failure by Aurizon Network to comply with clause 7.2 will reduce (potentially to zero) the amount of the Project Management Fee payable by the Study Funder to Aurizon Network under this Agreement.