Reasonable Estimate Sample Clauses

Reasonable Estimate. If the Seller cannot finally determine the effect of a Change in Law for the period covered by a Statement then the Seller must make a reasonable estimate of the amount of the payment required to be made under clause 11.1(a) or the reduction required to be made under clause 11.1(b) (whichever is applicable) and that estimate shall be used for the purposes of the Statement. When the Seller has finally determined the effect of a Change in Law for that period then the amount of over or under payment will be credited or debited (as applicable) in the next Statement. If the final Statement for the Transaction has been issued, then the Invoicing Party must issue an additional Statement setting out the payment to be made pursuant to this clause.
Reasonable Estimate. In the event the Company is unable to file its annual report by the applicable Payment Date, the Company shall use its best efforts to make a reasonable estimate of the amount of gross revenues from all sources to calculate the Revenue Payment.
Reasonable Estimate. Not as a penalty but as liquidated damages representing the parties’ estimate at the time of Contract execution of the damages that Owner will sustain for late Substantial Completion of Work. The parties stipulate and agree that the actual damages sustained by Owner for late Substantial Completion of the Work will be uncertain and difficult to ascertain, that calculating Owner’s actual damages would be impractical, unduly burdensome, and cause unnecessary delay, and that the amount of daily liquidated damages set forth above is a reasonable estimate.
Reasonable Estimate. The parties to this Agreement agree that the Holders may suffer damages in the event that an Event has occurred and is continuing, and that it would not be possible to ascertain the amount of such damages. The parties to this Agreement further agree that the damages provided for in this Section 6.7 constitute a reasonable estimate of the damages that may be incurred by the Holders by reason of an Event.
Reasonable Estimate. The parties hereto agree that the Special Interest provided for in this Section 3 constitutes a reasonable estimate of and is intended to constitute the sole damages that will be suffered by Holders of Registrable Securities by reason of the failure of (i) the Shelf Registration Statement or the Exchange Offer Registration Statement to be filed, (ii) the Shelf Registration Statement to remain effective, (iii) the Exchange Offer Registration Statement to be declared effective, or (iv) the Registered Exchange Offer to be consummated, in each case to the extent required by this Agreement.
Reasonable Estimate. In 2011, Western contracted for a Phase 1 Report for the Biomass Gasification Plant Feasibility Study which included a rough estimate range to convert the steam distribution to hot waterbased on a number of economic and financial assumptions. That preliminary estimate is the basis for this predesign project estimate (inflated to the expected midpoint of construction). We based our project estimate on the mid-range of cost alternates in the study until we can develop a more detailed project scope during the predesign study. See Appendix A for C-100 Cost Estimate.

Related to Reasonable Estimate

  • Pre-Estimate The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

  • Cost Estimate A detailed estimate of the total project cost including but not limited to the following:

  • Reasonable Suspicion Employees covered by this Agreement may be required to submit a urine specimen for testing for the presence of drugs or a breath sample for the testing of the presence of alcohol: Where there is reasonable suspicion to believe that the employee, when appearing for duty or on the job, is under the influence of, or his/her job performance, is impaired by alcohol or other drugs. Such reasonable suspicion must be based upon objective facts or specific circumstances found to exist that present a reasonable basis to believe that an employee is under the influence of, or is using or abusing, alcohol or drugs. Examples of reasonable suspicion shall include, but are not limited to, slurred speech, disorientation, abnormal conduct or behavior, or involvement in an on-the-job accident resulting in disabling personal injury requiring immediate hospitalization of any person or property damage in excess of $2,000, where the circumstances raise a reasonable suspicion concerning the existence of alcohol or other drug use or abuse by the employee. In addition, such reasonable suspicion must be documented in writing and supported by two witnesses, including the person having such suspicion. The immediate supervisor shall be contacted to confirm a test is warranted based upon the circumstances. Such written documentation must be presented, as soon as possible, to the employee and the department head, who shall maintain such report in the strictest confidence, except that a copy shall be released to any person designated by the affected employee.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Reasonable Suspicion Testing All Employees Performing Safety-Sensitive Functions