Contract Ceiling Price definition

Contract Ceiling Price. The Contract Ceiling Price for this Agreement is $ . The Contract Ceiling Price is the maximum aggregate amount of all payments that the Owner may become obligated to make under this Agreement. In no event, unless modified in writing, shall total payments by the Owner under this Agreement exceed the Contract Ceiling Price. The CMGC shall not be entitled to receive adjustment, reimbursement, or payment for, nor shall the Owner, its officers, agents, employees, or representatives, incur any liability for, any invoice, fee, or cost exceeding the Contract Ceiling Price.
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Contract Ceiling Price means the total evaluated price submitted by the Contractor for all the Deliverables as set out in the Financial Response Tables of Contractor’s Proposal. “Contractor Group” includes Contractor, Contractor Representatives and any peripheral third party suppliers to either Contractor or Contractor Representative. “Peripheral third party suppliers” means any supplier of goods or services which is providing such supply under a general supply agreement which does not reference the GTA Fare System specifically;
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Examples of Contract Ceiling Price in a sentence

  • The Consultant shall maintain at all times during the performance of services under this Agreement professional liability insurance coverage for errors, omissions, and negligent acts to the extent caused by the performance of professional services under this Agreement in an amount per claim of not less than five (5) times the original Contract Ceiling Price or $2,000,000 per claim and aggregate, whichever is less.

  • The parties agree that aggregate payments under this Agreement, including all costs and fees, shall not exceed the Contract Ceiling Price.

Related to Contract Ceiling Price

  • Ending Price means, with respect to the Company and any other Comparison Group member, the average of the closing market prices of such company’s common stock on the principal exchange on which such stock is traded for the twenty (20) consecutive trading days ending on the last trading day of the Performance Period. For the purpose of determining Ending Price, the value of dividends and other distributions shall be determined by treating them as reinvested in additional shares of stock at the closing market price on the date of distribution.