Estimated Liability Clause Samples

Estimated Liability. The total purchases of any goods or services under this Participating Addendum are not known. The State estimates the purchases during the Term shall be $24,000,000.00 (“Estimated Liability”). This Participating Addendum does not grant the Contractor any exclusive rights. The State does not guarantee that it will buy any minimum quantity of goods or services under this Participating Addendum. Subject to the terms and conditions of this Participating Addendum and the Master Agreement, the Contractor will only be paid for goods or services provided under this Participating Addendum after a purchase order is issued to Contractor by the State or as otherwise specified by this Participating Addendum.

Estimated Liability. The total purchases of any goods or services under the Contract are not known. The State estimates the purchases during the Term shall be six million eight hundred forty thousand seven hundred dollars ($6,840,700.00) (“Estimated Liability”). The Estimated Liability per category is: Carpet with Installation Services: $570,000.00 Resilient Tile with Installation Services: $64,000.00 Resilient Base with Installation Services: $3,700.00 Ceiling Tile and Grid: $3,000.00 Paint: $1,200,000.00 Doors and Door Hardware with Installation Services: $5,000,000.00. This Contract does not grant the Contractor any exclusive rights. The State does not guarantee that it will buy any minimum quantity of goods or services under this Contract. Subject to the terms and conditions of this Contract, the Contractor will only be paid for goods or services provided under this Contract after a purchase order is issued to Contractor by the State or as otherwise specified by this Contract.

Estimated Liability. The total purchases of any goods or services under this Contract are not known. The State estimates the purchases during the Term shall be One Billion Nine Hundred Nine Million Two Hundred Thirty-Two Thousand Dollars ($1,909,232,000) (“Estimated Liability”). The Contractor’s compensation shall consist of (1) the Contractor Management Fee (Contract Attachment F.1., Section A.), (2) the Contractor Labor Administration Fee (Contract Attachment F.1., Section B.), (3) the Call Center/Corrigo Transaction Fee (Contract Attachment F.1., Section C.), (4) the Alliance Partner Grounds Management Fee (Contract Attachment F.1., Section D.), and (5) the Alliance Partner Janitorial Management Fee (Contract Attachment F.1., Section E.), all of which shall be set forth in the Operations Budget. The Contractor shall also earn (6) Incentive Compensation by achieving cost savings below the Baseline as set forth in Contract Attachment F.2. The Contractor shall also earn (7) a Transformation Implementation Fee by originating an innovative solution that results in a cost savings as set forth in Contract Attachment I. The Authorized Entities are responsible for certain operating costs as set forth in the Operations Budget approved by the Authorized Entity and as set forth in Section C.3.c. Neither this Contract nor any PA under this Contract grants the Contractor any exclusive rights. The State does not guarantee that it will buy any minimum quantity of goods or services under this Contract or any PA under this Contract. Subject to the terms and conditions of any PA under this Contract, the Contractor will only be paid for goods or services provided under any PA under this Contract after a purchase order is issued to the Contractor by the State or an Authorized Entity or as otherwise specified by this Contract or an Authorized Entity’s PA.

Estimated Liability. The total purchases of any goods or services under the Contract are not known. The State estimates the purchases during the Term shall be 50,000,000 ("Estimated Liability"). This Contract does not grant the Contractor any exclusive rights. The State does not guarantee that it will buy any minimum quantity of goods or services under this Contract. Subject to the terms and conditions of this Contract, the Contractor will only be paid for goods or services provided under this Contract after a purchase order is issued to Contractor by the State or as otherwise specified by this Contract. 4. Governing Law. This Participating Addendum shall be governed by and construed in accordance with the laws of the State of Tennessee. The Tennessee Claims Commission or the state or federal courts in Tennessee shall be the venue for all claims, disputes, or disagreements arising under this Participating Addendum. The Contractor acknowledges and agrees that any rights, claims, or remedies against the State of Tennessee or its employees arising under this Participating Addendum shall be subject to and limited to those rights and remedies available under Tenn. Code ▇▇▇. §§ 9-8-101 -408.

Estimated Liability. If Parent's good faith calculation under Section 3.2 hereof with respect to Subgroup results in an estimated Federal income tax liability for Subgroup with respect to the Applicable Period, then in that event Subgroup Common Parent shall pay such computed estimated income tax liability to Parent in such amounts and at such times as Subgroup Common Parent would have been required to pay the Internal Revenue Service, if Subgroup were a separate affiliated group of corporations making separate estimated consolidated payments of tax and filing a separate consolidated tax return. Notwithstanding the foregoing, Subgroup Common Parent's payments of estimated tax through any date (including any date on which Parent requests an extension of time for filing the Group's consolidated Federal Income Tax Return) with respect to an Applicable Period shall not exceed the amount of tax Parent is required to have paid to the Internal Revenue Service on or before such date.

Estimated Liability. If Parent's good faith calculation under paragraph 3 with respect to Subgroup results in an estimated U.S. federal income tax liability for Subgroup for any Applicable Period, then, in that event, Subgroup Parent shall pay such estimated income tax liability to Parent in such amounts and at such times as Subgroup Parent would have been required to pay the Internal Revenue Service if Subgroup were a separate affiliated group of corporations making separate estimated consolidated payments of U.S. federal income tax and filing a separate consolidated U.S. federal income tax return.

Estimated Liability in relation to an Outstanding Claim, such an amount as a Queen’s Counsel of at least 10 years’ standing and experienced in claims in the nature of the Outstanding Claim shall have confirmed in writing prior to the Deferred Payment Date (which advice the Purchaser shall have delivered to the Vendors prior to the Deferred Payment Date or, if the Purchaser became aware of the matter giving rise to the Relevant Claim within ten Business Days of the Deferred Payment Date, within fifteen Business Days of becoming so aware) to be, based on the evidence presented to him and on the assumption that no further evidence will be produced, a reasonable estimate of the loss suffered and the value of the Outstanding Claim;