Maximum Obligation definition
Maximum Obligation. Period One Maximum Obligation: $2,703,933 Period Two Maximum Obligation: $2,896,652 Period Three Maximum Obligation: $3,159,040 Period Four Maximum Obligation: $3,595,680 TOTAL MAXIMUM OBLIGATION: $12,355,305”
Maximum Obligation or “Rate change”. No Compensation Change, should only be selected if there is no change to the compensation under the Contract, including Maximum Obligation, Line-item redistribution or Rates. Then Skip to “Other” and identify the type of Amendment being made and attach documentation for change. Budget Line Items Redistribution (No Maximum Obligation Change). Identify any changes in budget line items that move funding around within current Maximum Obligation and procurement parameters. Attach amended performance and budget terms to support redistribution.
Maximum Obligation in the Contract shall be replaced with “Amount Not To Exceed”.
Examples of Maximum Obligation in a sentence
Total Monthly Costs may exceed one-twelfth of the Maximum Obligation of County.
Maximum Obligation...............................................................................................................
This specific Agreement with CONTRACTOR is only one of several agreements to which this Aggregate Maximum Obligation applies.
If the Contract is being amended, enter the new Maximum Obligation based upon the increase or decreasing Amendment.
The Total Maximum Obligation must reflect the total funding for the dates of service under the contract, including the Amendment amount if the Contract is being amended.
More Definitions of Maximum Obligation
Maximum Obligation is defined in Section 8.12.
Maximum Obligation shall be deleted and replaced with the term “Amount Not to Exceed”.
Maximum Obligation means the aggregate amount due hereunder, but in no event higher than the maximum amount for which that Borrower could be liable hereunder without rendering its obligation hereunder or the granting of liens and security interests in connection herewith void under applicable law as a Fraudulent Conveyance. A “Fraudulent Conveyance” shall mean a fraudulent conveyance under title 11 of the United States Code as amended or under applicable state law regarding fraudulent conveyances, fraudulent transfer or other similar law in effect from time to time. In making such determination, the parties agree that the Maximum Obligation may increase from time to time as the maximum amount for which any Borrower could be liable without rendering its obligations hereunder void under applicable law as a Fraudulent Conveyance increases.
Maximum Obligation means the Guarantor Percentage multiplied by the Cap Amount (as defined in the Equity Commitment Letter).
Maximum Obligation. Period One Amount Not to Exceed: $ 3,548,160 10 Period Two Amount Not to Exceed: $ 3,548,160 11 Period Three Amount Not to Exceed: $ 3,548,160 12 TOTAL AMOUNT NOT TO EXCEED: $ 10,644,480 13 15 Basis for Reimbursement: Fee-for-Service 16 Payment Method: Monthly in Arrears 17 18 19 CONTRACTOR DUNS Number: ▇▇-▇▇▇-▇▇▇▇ 20 21 CONTRACTOR TAX ID Number: ▇▇-▇▇▇▇▇▇▇ 24 Notices to COUNTY and CONTRACTOR: 25 26 COUNTY: County of Orange 27 Health Care Agency 28 Medical & Correctional Health Services Operations 29 ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ 32 CONTRACTOR: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, MD, CEO 33 Orbit Health, A Professional Corporation 34 ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, #▇▇▇▇ ▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ 36 ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ▇▇ (▇▇▇) ▇▇▇-▇▇▇▇
Maximum Obligation. The total Maximum Obligation of COUNTY to the CONTRACTOR for the cost of services provided in accordance with this Contract is $2,669,615 as further detailed in the Budget Schedule, identified and incorporated herein by this reference as Attachment ‘C-3.’”
Maximum Obligation means, at any time, the maximum amount of cash available to the Company under debt or lease instruments to which the Company is a party to pay for the repurchase or redemption of Shares at such time.