Spending Cap definition

Spending Cap means a limitation on a customer's spend in any given month. “Refunds” is a payment as a conclusion from resolving a complaint. “Termination Charge” a fee payable if termination is prior to the contract expiry.
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Spending Cap shall have the meaning set out in Section 4.3.
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Spending Cap means a limitation on a customer's spend in any given month.
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Examples of Spending Cap in a sentence

  • If QLT exceeds the Spending Cap on Initial Development, the parties will reasonably discuss in good faith, having regard to the contributions of each party, some form of cut-back in the Program, resource re-allocation, alterations in the development exclusivity provisions for Europe, cost sharing or other arrangement for the continuation of the Program.

  • For the purpose of clarification, the Overall Development Spending Cap shall not apply to Territory Development that is Required Development.

  • Notwithstanding anything to the contrary in this Agreement, neither Party shall have the right to increase the Total Development Spending Cap without executing a formal amendment in accordance with Section 16.1.

  • The Parties acknowledge that the Contract references a minimum investment of $150 million and a maximum of $200 million (“the Spending Cap”) for the LFMP, both expressed in 2006 dollars and to be adjusted for inflation, and, that the LFMP Preliminary Budget for the LFMP now substantially exceeds the Spending Cap.

  • In the event of termination of this Term Sheet, any monies expended by Southwest as of date of termination shall count as monies expended toward the Spending Cap as set forth in the Contract and the provisions of this sentence shall survive termination of this Term Sheet.

  • The Parties further acknowledge and agree that the Option C concept and the LFMP Preliminary Budget for the LFMP are mutually desired and that an agreement to exceed the Spending Cap will be established in the PDA in the dollar amount of the Final Program Budget.