Amount required Sample Clauses
The 'Amount required' clause defines the specific sum of money that must be paid or provided under the terms of an agreement. Typically, this clause outlines how the required amount is calculated, when it is due, and any conditions that may affect the total, such as adjustments for interest, fees, or penalties. By clearly stating the financial obligation, this clause ensures both parties understand the exact payment expectations, thereby reducing the risk of disputes over payment amounts and ensuring transparency in the transaction.
Amount required. (a) Definition. As used in this sub- section—
(b) Contracts exceeding $150,000 (Mil- ler Act).
Amount required. For contracts in excess of Two Hundred Thousand Dollars ($200,000), COUNTY may retain from each progress payment made to CONTRACTOR an amount not exceeding five (5%) percent of the payment as retainage.
Amount required. Such assurance of full performance shall be for a sum approved by the City Public Works Director as sufficient to cover the cost of improvements and repairs, including related engineering, inspection, and incidental expenses.
Amount required. (a) Definition. As used in this sub- section—
Amount required. As Security for Seller's representations and --------------- warranties in this Agreement, Seller covenants and agrees that he will maintain cash or liquid assets readily available in an account or accounts at Union Bank, or at any other bank or institution selected by Seller in Seller's sole discretion, in an amount not less than:
29.1.1. Two Million and 00/100 Dollars ($2,000,000.00) during the period beginning on the Closing Date and ending six (6) months after the Closing Date.
29.1.2. One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) during the period beginning six (6) months after the Closing Date and ending twelve (12) months after the Closing Date.
29.1.3. One Million and 00/100 Dollars ($1,000,000.00) during the period beginning twelve (12) months after the Closing Date and ending eighteen (18) months after the Closing Date.
29.1.4. Five Hundred Thousand and 00/100 Dollars ($500,000.00) during the period beginning eighteen (18) months after the Closing Date and ending twenty-four (24) months after the Closing Date.
Amount required. R (If no amount is specified it shall be deemed that a bond is not required and the provision of Clause 20.1 of the Standard Terms and Conditions shall not apply).