Examples of Reimbursement Ceiling in a sentence
If Seller and Purchaser are unable to agree in writing before expiration of such forty-five (45) day period on the amount of the Reimbursement Ceiling, then this Agreement shall automatically terminate, whereupon Purchaser and Seller shall have no further liability or obligations under this Agreement, except with respect to the provisions thereof which by their terms expressly survive the termination of the Purchase and Sale Agreement.
Any and all Remediation Expenses incurred by Purchaser for the Real Property in excess of the Reimbursement Ceiling shall be paid solely by Purchaser and Seller shall have no obligations or liability for any such excess Remediation Expenses.
Under no circumstances shall the City authorize payment to the Provider that exceeds the Reimbursement Ceiling stated in this Contract without an amendment thereto in accordance with the Amendment section of these terms and conditions.
Reimbursement by Seller for Remediation Expenses incurred by Purchaser for the Real Property up to the Reimbursement Ceiling shall be provided in a timely manner, pursuant to the terms in the RAP.
Failure to expend a minimum of 98% of the Reimbursement Ceiling during the Contract term may result, at the option of the City, in a reduction of the award amount in the following Contract period.
The Provider must expend a minimum of 98% of the Reimbursement Ceiling amount during the Contract term.