PBC Pool definition

PBC Pool means 7% of the invoiced amount for the following types of Work: (i) Firm Fixed Price, (ii) Cost Plus Work, and (iii) Work performed pursuant to the JOC Agreement. The PBC Pool shall not include any amounts related to the Phase-In Costs or phase-out costs.
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Examples of PBC Pool in a sentence

  • Any money in the PBC Pool not awarded to the Contractor for the appropriate Evaluation Period shall be retained by the AOC.

  • PBC Pool – Has the meaning assigned to it in the Facilities Services Agreement.

  • Any money remaining in the PBC Pool upon expiration or termination of this Agreement shall be retained by the AOC.

  • The calendar monthly invoice will be totaled, and the AOC will place 7% of the total placed into the PBC Pool.

  • The Grantor is not authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 and notwithstanding any course of dealing between the Grantor and the Agent or other conduct of the Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5) shall be binding upon the Agent or the Lenders unless such authorization is in writing signed by the Agent with the consent or at the direction of the Required Lenders.

  • The Contractor can receive a maximum of seventy percent (70%) of the amount in the PBC Pool for an applicable Evaluation Period in which the Contractor received an overall “Satisfactory” rating.