Maximum and Rate Clause Samples

Maximum and Rate. The total compensation payable to CONSULTANT by CITY for the services under this AGREEMENT SHALL NOT EXCEED the sum of XXX (herein "not to exceed amount"), and shall be earned as the work progresses on the following basis: Hourly at the hourly rate set forth in CONSULTANT's Scope of Work marked Exhibit "A," attached and incorporated herein. The rate set forth in that exhibit shall be binding upon CONSULTANT until DATE, provided the not to exceed amount is the total compensation due CONSULTANT for all work described under this AGREEMENT.

Maximum and Rate. The total compensation payable to CONSULTANT by CITY for the services under this AGREEMENT SHALL NOT EXCEED the sum of $(Insert agreement amount) (herein "not to exceed amount"), and shall be earned as the work progresses on the following basis: Hourly at the hourly rates and with reimbursement to CONSULTANT for those expenses set forth in CONSULTANT's Schedule of Fees marked Exhibit "B," attached and incorporated herein. The rates and expenses set forth in that exhibit shall be binding upon CONSULTANT until (Insert agreement expiration date), after which any change in said rates and expenses must be approved in writing by CITY's Project Manager as described in Section 5 (CITY is to be given 60 days notice of any rate increase request), provided the not to exceed amount is the total compensation due CONSULTANT for all work described under this AGREEMENT.

Maximum and Rate. The total compensation payable to Consultant by City for the services under this Agreement SHALL NOT EXCEED the sum of $ (herein "not to exceed amount"), and shall be earned as the work progresses on the following basis: Hourly, at the hourly rates and with reimbursement to Consultant for those expenses set forth in Consultant's Schedule of Fees, attached a s Exhibit "B" and incorporated herein. The rates and expenses set forth in that exhibit shall be binding upon Consultant <for the term of this Agreement. <OR> un til (date), after which any change in the rates and expenses must be approved in writing by City's Project Manager (City is to be given 60 days’ notice of any rate increase request), provided the not to exceed amount is the total compensation due Consultant for all work described under this Agreement.> Use first option if Exhibit B shows rates for entire term of the contract. If rates are only fixed for a portion of the term and subsequent rates are unknown, use the second option. Date used in second option should not be the same as the term of the contract. In lump sum amounts per the payment schedule set out in Consultant’s Schedule of Fees, attached as Exhibit “B” and incorporated herein.

Maximum and Rate. The total compensation payable to Consultant by City for the services under this Agreement SHALL NOT EXCEED the sum of $[herein "not to exceed amount"], and shall be earned as the work progresses on the following basis: [**** “Hourly at the hourly rates and with reimbursement to Consultant for those expenses set forth in Consultant's Schedule of Fees marked Exhibit "1", attached and incorporated herein. The rates and expenses set forth in that exhibit shall be binding upon Consultant until ____________, 201__, after which any change in said rates and expenses must be approved in writing by City's Project Manager (City is to be given 60 days’ notice of any rate increase request), provided the not to exceed amount is the total compensation due Consultant for all work described under this Agreement.”]

Maximum and Rate. The total compensation payable to Consultant by City for the services under this Agreement SHALL NOT EXCEED the sum of $85,000, and shall be earned as the work progresses on the following basis: Per item and hourly at the hourly rates and with reimbursement to Consultant for those expenses set forth in Consultant's Schedule of Fees marked Exhibit B-1 attached and incorporated herein. The rates and expenses set forth in that exhibit shall be binding upon Consultant until December 12, 2018, after which any change in said rates and expenses must be approved in writing by City's Project Manager (City is to be given 60 days notice of any rate increase request), provided the not to exceed amount is the total compensation due Consultant for all work described under this Agreement. Part 3. Section 5 of the Agreement is hereby amended to read in its entirety as follows:

Maximum and Rate. The total compensation payable to CONSULTANT by CITY for the services under this AGREEMENT SHALL NOT EXCEED the sum of $507,914 (herein "not to exceed amount"), and shall be earned as the work progresses on the following basis: Hourly at the hourly rates and with reimbursement to CONSULTANT for those expenses set forth in CONSULTANT's Schedule of Fees marked Exhibit "B," attached and incorporated herein. The rates and expenses set forth in that exhibit shall be binding upon CONSULTANT until June 30, 2012, after which any change in said rates and expenses must be approved in writing by CITY's Project Manager (CITY is to be given 60 days notice of any rate increase request), provided the not to exceed amount is the total compensation due CONSULTANT for all work described under this AGREEMENT.

Maximum and Rate. The total grant payable to Grantee by OCPA for services under this Agreement shall be $[amount].

Maximum and Rate. The total grant payable to Subrecipient and/or Subrecipient’s contractor by City for the CDBG-funded activity described in this Agreement SHALL NOT EXCEED the sum of $<AMOUNT> (herein "Not to Exceed Amount"), pursuant to the activity budget, included as Exhibit B to this Agreement.