Common use of Estimated Liability Clause in Contracts

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 this Participating Addendum are not known. The Participating State estimates the purchases during the Term shall be Seven Million Five Hundred Thousand dollars per year ($24,000,000.00 7,500,000) (“Estimated Liability”). This Participating Addendum does not grant the Contractor any exclusive rights. The Participating 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 AgreementAddendum, the Contractor Contractor/Partner will only be paid for goods or services provided under this Participating Addendum after a purchase order is issued to Contractor Contractor/Partner by the State or as otherwise specified by this Participating Addendum.