Scope Value definition

Scope Value. Shall have the meaning as set forth in Section 17.4.1. Purchase Amount. Shall have the meaning set forth in Section 5.1.1, as such amount may be adjusted from time to time. Purchaser. Shall have the meaning set forth in the preliminary statements. Purchaser's Representative. Shall mean the individual designated by Purchaser pursuant to Section 2.1(a) hereof, who shall have the responsibility and authority specifically delegated to such individual by Purchaser and made known in writing to Seller. Related Dispute. Shall have the meaning set forth in Section 26.2. Refund Amount. Shall have the meaning as set forth in Section 17.4.1. Retention Amount. Shall have the meaning as set forth in Section 6.1.3. Retention Surety Bond. Shall have the meaning as set forth in Section 6.1.3. Scope of Supply. Shall have the meaning as set forth in Exhibit B. Scope of Work. Shall mean the Equipment and all other design, engineering, manufacture, delivery, transportation, services, equipment, drawings, documentation, supplies and materials to be performed and/or furnished by Seller pursuant to this Agreement including the Scope of Supply. Scope Value Due. Shall have the meaning as set forth in Section 17.4.1.
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Examples of Scope Value in a sentence

  • In the event that the amount of the Purchase Amount paid by Purchaser to Seller is less than the Proper Scope Value, such amount shall be referred to as the "Scope Value Due".

  • Upon determining the Proper Scope Value and the Excess Termination Costs, if any, Purchaser shall invoice Seller for the termination settlement (the "Termination Settlement"): If SVD is greater than zero (0), then the Termination Settlement = ETC - SVD.

  • If the sum of the Proper Scope Value and Termination Costs is greater than the Purchase Amount, Seller shall be responsible for paying to Purchaser the excess, and such amount shall be termed as the "Excess Termination Cost".

  • If Purchaser has paid Seller in excess of the Proper Scope Value the difference between the amount of the Purchase Amount paid to Seller and the Proper Scope Value (the "Refund Amount") shall be due to Purchaser by Seller.

  • When: ETC = Excess Termination Cost (but not less than zero) RA = Refund Amount (but not less than zero) SVD = Scope Value Due (but not less than zero) Seller shall be responsible for making payment of such invoice within thirty (30) Days of receipt of such invoice.

  • If Purchaser terminates this Agreement pursuant to Section 17.2 hereof, Purchaser shall determine the value of the properly completed Scope of Work, if any (the "Proper Scope Value").

Related to Scope Value

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Base Value With respect to any Mortgage Loan for which Additional Collateral has been pledged, the value of the Additional Collateral as determined with respect to that Mortgage Loan in accordance with the applicable underwriting guidelines.

  • Applicable Value means, as of any date, with respect to each Share, the fair value of such Share, as determined in good faith by the Board of Directors.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.