Not-to-Exceed Price definition

Not-to-Exceed Price means the maximum amount payable to the Contractor for the performance of the Work under a Time-and-Materials (T&M) Contract.
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Not-to-Exceed Price means the maximum amount payable to the Contractor for the performance of the Work under a Time-and-Materials (T&M) Contract. This term is not relevant for contracts that are not Time-and-Materials (T&M) Contracts.
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Not-to-Exceed Price means the maximum amount payable to the Contractor for the performance of the Work under a Time‐and‐Materials (T&M) Contract.
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Examples of Not-to-Exceed Price in a sentence

  • The work shall be performed for the Fixed price, Annual price, Monthly price or Hourly rate as indicated above in the variable information table, but shall not exceed the Not-to-Exceed Price if included in the variable information table.

  • If at any time the Contractor has reason to believe that the hourly rate payments and material costs that will accrue in performing this Contract in the next succeeding thirty (30) days, if added to all other payments and costs previously accrued, will exceed eighty-five percent (85%) of the Not-to-Exceed Price in the Contract, the Contractor shall notify Princeton University giving a revised estimate of the total price for performing this Contract with supporting reasons and documentation.

  • If at any time during performing this Contract, the Contractor has reason to believe that the total price to Princeton University for performing this Contract will be substantially greater or less than stated Not-to-Exceed Price, the Contractor shall so notify Princeton University, giving a revised estimate of the total price for performing this Contract, with supporting reasons and documentation.

  • It is estimated that the total cost to Princeton University for the performance of this Contract shall not exceed the Not-to-Exceed Price set forth in the Contract and the Contractor agrees to use its best efforts to perform the Work specified in the Contract and all obligations under this Contract within such Not-to- Exceed Price.

  • If at any time during performance of this Contract, Princeton University has reason to believe that the cost required to perform the Work of this Contract will be substantially greater or less than the stated Not-to-Exceed Price, Princeton University will so advise the Contractor, giving the then- revised estimate of the total amount of effort to be required under the Contract.

  • Under a Time-and-Materials (T&M) Contract, the Not-to-Exceed Price, as it may be adjusted by Change Order.

  • The work shall be performed for the Not-to-Exceed Price included in the variable information table.

  • Term Definition Not-to-Exceed Price (NTE) The bid prices provided by the Bidder in response to this Solicitation and awarded for the Centralized Contract.

  • Upon the execution of a PPA associated with each resource(s) the Company shall file within 15 business days a revised tariff sheet for that resource replacing the Not-to-Exceed Price with the applicable price.

  • When and to the extent that the Not-to-Exceed Price has been increased, any hours expended and material costs incurred by the Contractor in excess of the Not-to-Exceed Price before the increase shall be allowable to the same extent as if the hours expended and material costs had been incurred after the increase in the Not-to-Exceed Price.


More Definitions of Not-to-Exceed Price

Not-to-Exceed Price means the "not to exceed" amount set forth in an order for a Project. "Project" means the Services performed by Supplier pursuant to a single order.
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Not-to-Exceed Price means US $235.70/MWhr beginning in 2012 and subject to escalation on each Escalation Date pursuant to Exhibit E.
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Not-to-Exceed Price. (NTE Price) means the maximum price to invoice by CONTRACTOR for Services according the Workscope defined under Appendix A1. Any Services excluded from Fixed Price shall be paid by Customer according to Appendix B2 and B4.
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Related to Not-to-Exceed Price

  • Threshold Price is the lowest price (except to the extent otherwise provided in Section 2.6) at which the Company may sell Shares during the applicable Pricing Period as set forth in a Fixed Request Notice (not taking into account the applicable percentage discount during such Pricing Period determined in accordance with Section 2.2); provided, however, that at no time shall the Threshold Price be lower than $3.00 per share unless the Company and the Investor mutually shall agree.

  • Selling Price means the consideration for a sale valued

  • Applicable Price means the highest of (i) the highest price per share of Issuer Common Stock paid for any such share by the person or groups described in Section 8(d)(i), (ii) the price per share of Issuer Common Stock received by holders of Issuer Common Stock in connection with any merger or other business combination transaction described in Section 7(b)(i), 7(b)(ii) or 7(b)(iii), or (iii) the highest closing sales price per share of Issuer Common Stock quoted on the Nasdaq National Market (or if Issuer Common Stock is not quoted on the Nasdaq National Market, the highest bid price per share as quoted on the principal trading market or securities exchange on which such shares are traded as reported by a recognized source chosen by Holder) during the 60 business days preceding the Request Date; provided, however, that in the event of a sale of less than all of Issuer's Assets, the Applicable Price shall be the sum of the price paid in such sale for such assets and the current market value of the remaining assets of Issuer as determined by an independent nationally recognized investment banking firm selected by Holder and reasonably acceptable to Issuer (which determination shall be conclusive for all purposes of this Agreement), divided by the number of shares of the Issuer Common Stock outstanding at the time of such sale. If the consideration to be offered, paid or received pursuant to either of the foregoing clauses (i) or (ii) shall be other than in cash, the value of such consideration shall be determined in good faith by an independent nationally recognized investment banking firm selected by Holder and reasonably acceptable to Issuer, which determination shall be conclusive for all purposes of this Agreement.