Lump Sum Services definition
Examples of Lump Sum Services in a sentence
If such Borrower fails to specify a Type of Loan in a Committed Loan Notice or if such Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Acquisition Loans or Revolving Credit Loans shall be made as, or converted to, Base Rate Loans.
Compensation for services shall be as outlined below: Lump Sum Services Design Phase: $ 66,550.00 Time and Materials Services (hourly, rate schedule attached) Bidding Phase: $ 6,400.00 Construction Phase: $ 46,300.00 Subtotal: $ 52,700.00 Unless amended by a duly authorized written change order, the total payment for all invoices on this job, including both salary and non-salary expenses, shall not exceed the amount set forth in paragraph 2.01 of this Contract ($119,250.00).
In addition to the Lump Sum Services Payment, Developer shall be entitled to claim any Direct Losses, to be determined in accordance with Section 14.14 (Payments for Compensation Events and Other Additional Costs), resulting from the exercise of the option described in this Section 11.7 (Optional Shortened Services Period Following a Relief Event).