Contingency Amount for a DC Project shall equal the sum of the Base Contingency for such DC Project plus any Excess Contingency specified in the Notice to Proceed for such DC Project executed by Webvan. The "BASE CONTINGENCY" for a DC Project shall equal (i) five percent (5%) of the Approved Cost of the Work for each of the first six (6) DC Projects for which Webvan has executed a Notice to Proceed and (ii) two and one-half percent (2.5%) of the Approved Cost of the Work for each additional DC Project. In addition to the Base Contingency, Bechtel may request that Webvan approve an additional contingency amount (the "EXCESS CONTINGENCY") for a particular DC Project. Notwithstanding anything to the contrary in any Contract Document (including, without limitation, any Notice to Proceed), the Excess Contingency for any DC Project shall in no event exceed two and one-half percent (2.5%) of the Approved Cost of the Work for such DC Project. An Excess Contingency may only be requested by Bechtel and shall only be deemed approved by Webvan if such Excess Contingency is expressly identified in the Notice to Proceed executed both by Bechtel and by Webvan for a DC Project. Webvan shall not unreasonably withhold its approval of any Excess Contingency requested by Bechtel.
Contingency Amount means, with respect to any Development Budget, the amount, if any, of any contingency provided in such Development Budget in respect of the calculation of the Development Costs.
Contingency Amount means the amount specified in Item 16 of the Schedule; Contingency Event means an event that was not reasonably foreseeable at the time of entering into the Contract and that significantly changes the amount or nature of the work required to perform the Auditing Services including:
Examples of Contingency Amount in a sentence
Notwithstanding anything to the contrary in this Article 17, all Change Orders shall be prepared and issued by the Architect and shall become effective when executed by the authorized District representative (utilizing either a Construction Contingency Amount or a District Contingency Amount), the Architect, and the Contractor.
The stand is located in the UGM Ecological Management Unit (EMU), the BRW EMU, or the Zuni Mountains or Mount Taylor regions of the CP EMU.
The balance of the working capital deposit attributable to the Construction Contingency Amount (as that term is defined in form HUD-92412M, Escrow Agreement for Working Capital), if any, may be released to the Borrower at final endorsement upon Borrower's request.
If there is only one project in the contract, code in the pay item for Lump Sum (Alternative Bidding) (999-2) and the Initial Contingency Amount (Do Not Bid) Pay item (999-25).
Authorizing City Staff to Lower the Contingency Amount by $25,000 for the Public Safety Radio Towers.
More Definitions of Contingency Amount
Contingency Amount means an amount we will deduct from your Package Funds to provide funding for you in the event of an emergency, unplanned event or increased care needs in the future the amount of which is set out in the Agreement Details or as otherwise agreed in writing including in your Budget;
Contingency Amount means (a) as of any date occurring prior to the issuance of the Notice to Proceed, a contingency amount equal to (i) the lesser of (A) 15% and (B) such lower percentage as (1) prior to the occurrence of Project Financial Close, the Coordination Committee may agree based on input from the Independent Engineer and (2) from and after the occurrence of Project Financial Close, the Project Financing Parties determine to be acceptable for purposes of the financing the Construction Costs as part of the Project Financing multiplied by (ii) the amount of all Construction Costs reasonably anticipated by the Clean Line Entities as of such date of determination to be incurred from and after such date of determination in connection with achieving Project Completion (such contingency amount being the “Base Contingency Amount”) and (b) on any date occurring after the issuance of the Notice to Proceed, (i) the Base Contingency Amount as of the date of the issuance of the Notice to Proceed minus (ii) the amount of any reduction in the Base Contingency Amount agreed by the Project Financing Parties minus (iii) any amounts of the Base Contingency Amount applied to the payment of Construction Costs since the issuance of the Notice to Proceed.
Contingency Amount shall have the meaning set forth in Section 1.9(a).
Contingency Amount shall have the meaning given such term in Section 4.01 (i).
Contingency Amount means, with respect to the Project Budget, the amount, if any, of any contingency provided in respect of the calculation of Project Costs.
Contingency Amount means the contingency amount included in the Charges as set out in Part IV of Schedule 2;
Contingency Amount means a Budget Line Item which shall represent an amount necessary to provide reasonable assurances to the Capital Provider that the CoPACE Loan funds are available to be used if additional costs and expenses are incurred or additional interest accrues on the CoPACE Loan, or unanticipated events or problems occur, in the amount as set forth in Section 6.