Common use of Consideration Schedule Clause in Contracts

Consideration Schedule. In exchange and in support of the obligations and opportunities set forth in sections in this Agreement, Florida Hospital agrees to contribute TWO MILLION DOLLARS ($2,000,000.00) in cash or in kind to the School Board as provided herein. The cash portion shall be ONE MILLION DOLLARS ($1,000,00.00) in the aggregate over the course of the Agreement (subject to reduction in the event of opt-out by Florida Hospital as provided in this Agreement), payable in annual installments of TWO HUNDRED THOUSAND DOLLARS ($200,000.00). In addition, Florida Hospital and the School Board acknowledge in-kind services and other obligations of Florida Hospital outlined throughout this exclusive Agreement have an estimated value of not less than ONE MILLION DOLLARS ($1,000,000.00) in the aggregate.