Second Component definition
Examples of Second Component in a sentence
The CM shall complete its review of the Mitigation Documents within thirty (30) days of the issuance of the Notice to Proceed for the Second Component.
The CM’s fee for the Second Component shall be paid to the CM via monthly payments based on the fixed fee divided by the duration of services.
The Parties expressly acknowledge that the Owner is under no obligation to issue a Notice to Proceed for the Second Component, and may, in its sole discretion, choose not to issue such a Notice to Proceed without any additionally liability/compensation being due to the CM.
The CM shall be entitled to a fixed, subject to modification based upon the final GMCC amount (without exceeding 3.6% of the final GMCC noted in Exhibit “B”), not to exceed fee of $2,413,620 for the Second Component of the Basic Services.
In quarters where the per unit royalties and fees for services are less than the corresponding quarterly Second Component, IntriCon may carry forward the remaining credit to be offset against future quarters per unit royalties and fees for services.
SED shall use commercially reasonable diligence to obtain the permits for construction of the Phase 1 Second Component for which SED made application pursuant to Section 3.2 above.
A second payment component hereinafter (Second Component) will be for exclusive rights to Dynamic Hearing Technology as such exclusive rights are defined herein.
Mod Rehab projects will now be converted only under the Second Component (see Section 2).
In the event that Phase 1 Second Component is not the Office, SED shall be obligated to improve the land for the Office as additional outdoor space (being open to the public but not dedicated to the public) until such time as the construction of the Office commences.
The Minimum Payment consists of the Access Fee of US$300,000 per annum and the Second Component that increases from year to year.