IN CONSIDERATION WHEREOF the CONTRACTOR agrees to pay the SUBCONTRACTOR for the full and faithful performance of his work the sum of $82,500.00 in current funds at CONTRACTOR’S office in Gallatin, TN, subject to additions and deductions for changes as may be agreed upon in writing and subject to the other terms of this agreement. This contract price is a guaranteed maximum; all savings due to changes shall be reimbursed to CONTRACTOR.
IN CONSIDERATION WHEREOF the Employer will provide the Employee with the appropriate training and information, and will make available all the necessary tools and equipment required to perform in the above-mentioned capacity. Compensation for this agreement, as provided for by the Employer, will consist of the following:
IN CONSIDERATION WHEREOF the City hereby grants the Developer the right and privilege to commence and construct the Project stipulated herein.
IN CONSIDERATION WHEREOF the Department agrees to pay the party of the second part for all services actually performed in accordance with the unit prices set forth in the bid proposal submitted in the letting of which is attached hereto and made a part of this contract as if copied in full herein. The total estimated cost based on the unit prices herein is: $ However, this contract shall not be construed to be an obligation of the Department to expend any sum in excess of the estimated cost stated herein; and provided further that this contract shall not be deemed an obligation of the Department to pay any sum stipulated herein and approved by the Secretary, Finance and Administration Cabinet, as required by law. This contract is subject to there being adequate and sufficient road funds available under the contract for the payment of invoices for work on the project as they come due. In the event this contract is suspended or terminated, in part or in whole, or payment is delayed due to inadequate or insufficient road funds, the contractor waives any and all rights to bring any claim for damages, losses, expenses, including but not limited to attorneys' fees, as a result of suspension, termination or delayed payment. In the event the contract is suspended, the contractor may, upon request, continue performance after receipt of a work notice from the Cabinet to proceed. Payments shall resume at such time as the Cabinet has adequate and sufficient road funds for payment under the project. IN WITNESS WHEREOF, we have hereunto set our hands this day of . TRANSPORTATION CABINET Department of Highways By: Director, Construction Procurement for Commissioner ATTEST: Name of contractor or contracting firm By: PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS, That we in the State of KY as PRINCIPAL, and of in the State of as SURETY, are held and firmly bound unto the DEPARTMENT OF HIGHWAYS in its official capacity as agent of the Commonwealth of Kentucky, hereinafter called the DEPARTMENT, in the sum of one (1) times the total estimated cost listed in the contract; said contract and any documents incorporated therein by reference being incorporated by reference and adopted hereby as if copied at length herein, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH, That whereas the principal entered into a certain contract, hereto...
IN CONSIDERATION WHEREOF the parties hereto have executed the Agreement as of the date first set forth above. WARRANTECH CORPORATION By: ______________________________ Name: ____________________________ Title: ___________________________ MARC PHARMACEUTICALS, INC. By: ______________________________ Name: ____________________________ Title: ___________________________
IN CONSIDERATION WHEREOF. Xxxxxxx agrees to pay the Subcontractor for the full and faithful performance of its work the sum of One Million Dollars ($1,000,000.00) in current funds, subject to additions and deductions for changes as may be agreed upon, provided that no payments are to be made unless the Subcontractor's rate of progress, work done and material furnished are satisfactory to Xxxxxxx and the Owner, and as herein agreed upon. Payments shall be made as follows: . A payment of $300,000.00 to cover start-up costs shall be paid upon acceptance of this subcontract. . Delivery of 10 each of Omega 1, 2, & 3 Communication Interface Cabinets. . Functional Acceptance Testing and Acceptance by Duquesne Light Company.* . A progress payment of $300,000.000 shall be paid upon receipt of the next 1,000 units (on or about July 17). . A second progress payment of $400,000.000 shall be paid upon receipt of the next 800 units (partial shipment on of about July 24, balance on or about July 31). . Should the value of the products contemplated by this Agreement be less than the sum of the above start-up and progress payments, said amount shall be credited to future invoicing. *Note: No equipment delivery will be accepted, nor progress payment due until Duquesne Light Company acceptance of the initial 30 units. NOTE: Subcontractor must file a Certificate of Insurance with Xxxxxxx prior to starting work, (naming Xxxxxxx and Duquesne Light Company as an additional insured). All invoices must be submitted in duplicate and signed "APPROVED" by the Xxxxxxx and Duquesne Light Company project managers prior to processing for payment. Subcontractor represents that it has examined this Subcontract and the referenced contract documents and understands the Owner's expected functionality for the subcontracted Equipment, and that it enters this Subcontract on the basis of its own examination and evaluation and not any representations of Xxxxxxx.
IN CONSIDERATION WHEREOF the Lessee does hereby covenant, promise and agree to and with the Lessor as follows: TONNAGE ROYALTIES -----------------
IN CONSIDERATION WHEREOF. TCC shall pay to the Contractor not to exceed $__________, for those services provided herein and in accordance with the budget, Exhibit A, attached hereto and incorporated herein. BILLING PROCEDURE TCC will reimburse the contractor upon receipt of properly executed vouchers. Claims for payment submitted by contractor to TCC for costs due and payable under this agreement that were incurred prior to the expiration date shall be paid by TCC if received by TCC within 60 days after the expiration date.
IN CONSIDERATION WHEREOF and of the covenants hereinafter expressed, it is covenanted and agreed as follows:
IN CONSIDERATION WHEREOF the Lessee agrees to pay the sum of Five Thousand Five Hundred ($5,500.00) Dollars on the first day of each and every calendar month in advance, being at the rate of Sixty Six Thousand ($66,000.00) Dollars per annum, and to take good care of the premises, and return the same at the expiration of said time, in as good order as received, ordinary wear and tear and natural decay excepted, unless destroyed by lightning or other natural causes, or fire not caused by its default; and not to erect, or to permit to be erected on the premises any nuisance or commit any waste. This rental amount is for the original structure located on the premises. The Lessee also agrees to pay the sum of Two Thousand Nine Hundred Twenty Five ($2,925.00) Dollars per month for a period of ten (10) years, beginning February 15, 1994, for the 10,000 square feet building addition constructed by the Lessor in 1989. The Lessee additionally agrees to pay the sum of Five Thousand Ten ($5,010.00) Dollars per month for a period of ten (10) years, beginning February 15, 1994, for a new addition to be constructed by the Lessor, which addition is to consist of (1) a nominal 15,000 square feet addition complete with lighting, sprinklers, gas heat and landscape work, and (2) a new mezzanine office, HVCA, ceiling and restrooms in the detached "warehouse" building. A copy of the plans for said addition are attached to this Lease. The total amount of the monthly rental payments on the original building, the 1989 addition, and the new addition shall be $13,435.00 per month, making the total rent $161,220.00 per annum. The lease amount for the addition is based on the amortized cost of the project, including interest, taxes, insurance, and maintenance. Lessor agrees that any benefits realized from the Rural Electrification Authority (REA) 10 year, no interest loan (up to $400,000.00) will be passed on the C&D Charter Power Systems. The principal portion of the lease payment is to be amended to match the amount of the loan granted. The following additional stipulations are hereby declared to be a part of this lease:
