Maximum Cumulative Payment definition

Maximum Cumulative Payment means a cap, designated on the Maximum Cumulative Drawdown Schedule, on the aggregate amount of payments that can be made to Contractor hereunder as of any month during the TTMS Work Period, as it may be modified from time to time pursuant to terms hereof.
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Maximum Cumulative Payment. Incentive Payments in the lesser amount of $100,000.00 or 50% of the Certified Costs of the Improvements, whether such amounts are paid as Incentive Payments under this Agreement or under the “Tax Increment Financing District Sales Tax Incentive Agreement” between the Village and Developer.
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Examples of Maximum Cumulative Payment in a sentence

  • C-3 (Maximum Cumulative Payment Schedule); shall be updated per the Schedule C-3 as provided in Attachment 4 to this Change Order.

  • Impact on Maximum Cumulative Payment Schedule: The Schedule C-3 (Maximum Cumulative Payment Schedule) is updated as provided in Attachment 3.

  • The Maximum Cumulative Payment Schedule shall only be subject to adjustment pursuant to a Change Order.

  • When the Maximum Cumulative Payment has been reached, or after the Village has remitted the Incentive Payments for each calendar year through 2031, or upon the expiration or termination of this Agreement, no further sums will be due or owing to the Property Owner/Business Owner, and the Village will not make any further Incentive Payments or any other payments to the Property Owner/Business Owner.

  • C-3 (Maximum Cumulative Payment Schedule); shall be updated per the Schedule C-3 as provided in Attachment 3 to this Change Order.

  • C-3 (Maximum Cumulative Payment Schedule) – This schedule shall be updated per the Schedule C-3 (Maximum Cumulative Payment Schedule) as provided in Attachment 4 to this Change Order.

  • C-3 (Maximum Cumulative Payment Schedule) shall be updated per the Schedule C-3 as provided in Attachment 4 to this Change Order.

  • As further set forth in Section 7.2E of the Agreement, the cumulative EPC Payment Milestone amounts which are due under the Agreement shall be subject to the Maximum Cumulative Payment Schedule for EPC Payment Milestones as set forth in Section II of Schedule C-3.

  • C-3 (Maximum Cumulative Payment Schedule); shall be updated per the First Amended Schedule C-3 (Maximum Cumulative Payment Schedule) as provided in Attachment 3 to this Change Order.

  • Impact on Maximum Cumulative Payment Schedule: The Schedule C-3 (Maximum Cumulative Payment Schedule) is updated as provided in Attachment 4.