Maximum Payment Curve definition

Maximum Payment Curve means the curve set forth in Exhibit G which constitutes a cap on the aggregate amount of payments which may be made to Design/Builder hereunder at any specified time. Mitigation Plan shall mean the plan prepared by Design/Builder detailing the mitigation requirements contained in the Governmental Approvals and Alamo RMA-Provided Approvals. Mitigation Site shall mean any real property (which term is inclusive of all estates and interests in real property), improvements and fixtures outside of the Schematic ROW that will be acquired to mitigate the Project’s environmental effects pursuant to the requirements set forth in the Scope of Work, and pursuant to Sections 3 and 17 of this Agreement. The term specifically includes any air space, surface rights and subsurface rights within the Mitigation Site that the Alamo RMA directs Design/Builder to acquire for the Project. Monthly Updates shall have the meaning set forth in Technical Provision 5.
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Maximum Payment Curve means the curve established as described in Section 14.1.5.
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Examples of Maximum Payment Curve in a sentence

  • If TxDOT timely issues an Option Notice to Proceed, the Price and Maximum Payment Curve will be adjusted in accordance with Section 12.1.2.

  • Owner will not be required to pay Contractor in excess of the Maximum Payment Curve plus amounts allowed by Change Orders and adjustments under Sections 14.1.3 and 14.1.6. Payment of any amounts included in a Draw Request which are in excess of the maximum aggregate amount payable under the Maximum Payment Curve shall be deferred until such deferred amounts can be paid without aggregate payments exceeding the Maximum Payment Curve.

  • Contractor shall not be obligated to, but may at its discretion, proceed with the Work at a faster rate than envisaged by the Maximum Payment Curve.

  • The parties shall reach agreement upon the Maximum Payment Curve no later than one hundred eighty (180) days of the Notice to Proceed.

  • Within one hundred twenty (120) days of the Notice to Proceed, Contractor shall, in accordance with Section 013216 of Division 1, submit a proposed Maximum Payment Curve, which is intended to: (a) forecast the value of Work and payments to be made to Contractor for performance of the Work; and (b) provide a limitation on the timing by which Contractor can receive payment for the Contract Price.

  • The Price does not include the costs of the Option Work, unless TxDOT exercises its option to add any such Option Work to be performed in accordance with the provisions of Section 4.1.6. In the event TxDOT elects to exercise its right to include the Option Work, the Price shall be increased to reflect the amount of the Option Price(s) for any Option Work selected by TxDOT to be performed by DB Contractor and the Maximum Payment Curve will be adjusted accordingly, if applicable.

  • The Maximum Payment Curve shall be revised from time to time thereafter upon request by the Alamo RMA or by Design/Builder on its own initiative, as appropriate to account for any changes in the Development Price as evidenced by Change Orders (including adjustments to the Development Price in accordance with the Contract Documents due to delay in issuance of the NTP) and/or Agreement amendments.

  • Any interest payable in accordance with this Section 13.3.9 shall not be subject to or applied against the Maximum Payment Curve.

  • Within one hundred twenty (120) days of the Notice to Proceed, Contractor shall, in accordance with Section 013216 of the Division 1 Specifications, submit a proposed Maximum Payment Curve, which is intended to: (a) forecast the value of Work and payments to be made to Contractor for performance of the Work; and (b) provide a limitation on the timing by which Contractor can receive payment for the Contract Price.

  • The Maximum Payment Curve shall be calculated based on the monthly expenditure rate set forth in Exhibit G hereto (Form L-2), which is based on certain assumptions regarding the dates of issuance of the NTP.