Application for Final Payment definition

Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.
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Application for Final Payment means Construction Contractor’s final invoice for payment. The Application for Final Payment shall meet all the requirements of Applications for Payment, but shall also include any and all remaining open invoices under the Contract. After a Construction Contractor’s Application for Final Payment is approved by the Agency, the Agency shall not release any additional payments to that Construction Contractor under the Contract.
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Application for Final Payment means that application made to the District pursuant to Section 9.9.3 of these General Conditions.
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Examples of Application for Final Payment in a sentence

  • On such deductions, the Owner will identify each deduction, the amount, and the explanation of the deduction on or by the 21st day after Owner's receipt of an approved Application for Final Payment.

  • The A/E will review a submitted Application for Final Payment promptly but in no event later than ten (10) days after its receipt.

  • Following the certified completion of all Work, including all punch list items, cleanup, and the delivery of record documents, the Contractor shall submit a certified Application for Final Payment.

  • Prior to the expiration of this deadline, the A/E will either 1) return the Application for Final Payment to Contractor with corrections for action and resubmission or 2) accept it, note its approval and send to Owner.

  • The Contractor shall submit, prior to or with the Application for Final Payment, final copies of all Close-Out Documents, maintenance and operating instructions, guarantees and warranties, certificates, record documents and all other items required by the Contract.

  • These shall be available to PROJECT MANAGER and shall be submitted with the Application for Final Payment.


More Definitions of Application for Final Payment

Application for Final Payment has the same meaning as defined in UGC, Section 1.3.
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Application for Final Payment means Design-Builder's written request for Final Payment of the Contract Price including reconciliation of all claims, changes or other proper adjustments to the Contract Documents, as described in Contract Section 7.5.1.
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Application for Final Payment means a written statement submitted by General Contractor or any Separate Prime Contractor to Developer requesting its final payment for services rendered and/or materials furnished in connection with carrying out the Work following Final Completion of its Work.
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Application for Final Payment shall be submitted in accordance with the following: .1Final Payment shall not be due, and Contractor's Application For Final Payment shall not be considered, until the Contractor completes all of the Work in accordance with the Contract Documents including all prerequisites for a Certificate of Final Completion pursuant to Section 7.3. .2Unless at the time Contractor submits its Application for Final Payment express written notice is given by Contractor to Owner that Contractor is reserving unresolved Claims previously asserted in accordance with ARTICLE 14 and specified in such written notice, the receipt of payment by Contractor of its Application For Final Payment shall constitute a final and irrevocable release and waiver by Contractor of any and all Claims and causes of action for additional costs or damages whatsoever, whether direct, indirect or consequential, and whether arising in contract, tort or otherwise. This shall include, but not be limited to, any and all Claims or potential claims of Subcontractors and Vendors arising out of this Contract, whether or not any such Claims or potential claims arise in contract or in tort or were known or unknown at the time of submittal of the Application For Final Payment. .3When all conditions listed in Section 7.3 have been fulfilled and the balance set forth in the Application For Final Payment is due and payable, Owner shall make Final Payment to Contractor, together with all funds retained by Owner during the course of the Work. .4Final Payment shall not relieve Contractor of any obligations contained in this Contract which by their nature survive Final Completion, including indemnification obligations, correction obligations, and guarantee and warranty obligations.
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Application for Final Payment has the meaning given to it in Section 5.8.
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Application for Final Payment. Has the meaning given in Section 5.13 of this Contract.
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Related to Application for Final Payment

  • Application for Payment means Contractor’s monthly partial invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted and performed in accordance with the requirements of the Contract Documents. The Application for Payment accurately reflects the progress of the Work, is itemized based on the Schedule of Values, bears the notarized signature of Contractor, and shall not include subcontracted items for which Contractor does not intend to pay.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Final Payment Certificate means the payment certificate issued under Sub-Clause 14.13 [Issue of Final Payment Certificate].

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Repayment Schedule means the schedule of Repayment Instalments in the agreed inserted into this Agreement in accordance with Clause 6.1 (Repayment) as Schedule 1 (Repayment Schedule), and as replaced from time to time pursuant to Clause 6.4;

  • Regular Allocation of Principal means, with respect to any Payment Date, an amount not less than zero equal to (1) the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) (i) the Pool Balance as of the end of the related Collection Period less (ii) the Targeted Overcollateralization Amount minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Fifth Allocation of Principal for such Payment Date.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • R (final means the Reference Price on the Final Observation Date. "R (initial)" means the Reference Price on the Initial Observation Date.

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Application Unit means such number of Units or whole multiples thereof as specified in this Prospectus or such other whole multiple of Units determined by the Manager, approved by the Trustee and notified to the Participating Dealers.