Certified Cost to Complete Sample Clauses

Certified Cost to Complete. After Hospital has paid the Hospital Final Reimbursement Payment, it shall thereafter continue to be responsible for payment to the Contractor of the Certified Cost to Complete as at the Final Reimbursement Payment Date on a progress payment basis in the manner and at the times contemplated by the Construction Contract. Hospital shall pay the Certified Cost to Complete to the Contractor or as otherwise directed by Contractor and shall not accept any re-direction without the consent of the Person to whom payment is directed. Hospital acknowledges such direction and agrees to pay the Certified Cost to Complete as Contractor may direct in accordance with any such direction. Contractor acknowledges and agrees that payment by Hospital of the Certified Cost to Complete in accordance with this Section 3.11 as the Contractor may direct constitutes payment by the Hospital to Contractor in satisfaction of the Hospital’s obligation to pay the Certified Cost to Complete to Contractor under the Construction Contract and in satisfaction of any trust obligation of the Hospital in respect to such payments under Section 7 of the Construction Lien Act (Ontario) pursuant to Section 10 of the Construction Lien Act (Ontario).
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Certified Cost to Complete. (a) After Owner has paid the Owner Reimbursement Payment, it shall thereafter continue to be responsible for payment to Project Co of the Certified Cost to Complete as at the Reimbursement Payment Date on a progress payment basis in the manner and at the times contemplated in this Project Agreement. Owner shall pay the Certified Cost to Complete to Project Co or as otherwise directed by Project Co and shall not accept any redirection without the consent of the person to whom payment is directed. Owner agrees to pay the Certified Cost to Complete as Project Co may direct in accordance with such direction. Project Co acknowledges and agrees that payment by Owner of the Certified Cost to Complete in accordance with this Section 4.8 as Project Co may direct constitutes payment by Owner to Project Co in satisfaction of Owner’s obligation to pay the Certified Cost to Complete under the Project Agreement and in satisfaction of any trust obligation of Owner with respect to such payments under Section 7 of the Construction Lien Act (Ontario) pursuant to Section 10 of the Construction Lien Act (Ontario).
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Certified Cost to Complete. After Hospital has paid the Hospital Final Reimbursement Payment, it shall thereafter continue to be responsible for payment to the Contractor of the Certified Cost to Complete as at the Final Reimbursement Payment Date on a progress payment basis in the manner and at the times contemplated by the Construction Contract.
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Certified Cost to Complete. (a) After Owner has paid the Final Reimbursement Payment Amount, it shall thereafter continue to be responsible for payment to Project Co of the Certified Cost to Complete as at the Final Reimbursement Payment Date on a progress payment basis in the manner and at the times contemplated in this Project Agreement. Project Co hereby irrevocably directs Owner to make any payment of the Certified Cost to Complete to Agent, or as Agent may direct, as security for the Financing. Owner shall pay the Certified Cost to Complete as directed by Agent and shall not accept any redirection without the consent of Agent. Owner agrees to pay the Certified Cost to Complete as so directed. Any portion of a payment of the Certified Cost to Complete funded by monies deposited to the Trust Account shall be paid directly to Agent or as Agent may direct from the Trust Account in accordance with the provisions of the Trust Account Acknowledgement Agreement. Project Co acknowledges and agrees that payment by Owner of the Certified Cost to Complete in accordance with this Section 4.10 as Project Co may direct constitutes payment by Owner to Project Co in satisfaction of Owner‟s obligation to pay the Certified Cost to Complete under the Project Agreement and in satisfaction of any trust obligation of Owner with respect to such payments under Section 7 of the Construction Lien Act (Ontario) pursuant to Section 10 of the Construction Lien Act (Ontario).
Sample 1
Certified Cost to Complete. After Hospital has paid the Hospital Reimbursement Payment, it shall thereafter continue to be responsible for payment of the Certified Cost to Complete as at the Reimbursement Payment Date on a progress payment basis (including Value Added Taxes applicable to that payment) in the manner and at the times contemplated by the Construction Contract. Contractor hereby irrevocably directs Hospital to make any payment in accordance with this Section 3.9 to Project Co. In the event that the Hospital receives notice from the Agent that either (i) Lenders have financed all or any part of the Certified Cost to Complete or (ii) an event of default has occurred and is continuing under the Lending Agreements (which notice, in either case, the Hospital shall have no obligation to verify and which notice, in either case, the Hospital is entitled to rely upon without further inquiry), Project Co and Contractor hereby irrevocably direct Hospital to make payments on account of the Certified Cost to Complete to Agent, subject to the terms of the Lender’s Direct Agreement, as security inter alia for the Financing.
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Certified Cost to Complete. After Hospital has paid the Hospital Reimbursement Payment, it shall thereafter continue to be responsible for payment to the Contractor of the Certified Cost to Complete on a progress payment basis in the manner and at the times contemplated by the Construction Contract. Hospital shall pay the Certified Cost to Complete to the Contractor or as otherwise directed by Contractor and shall not accept any re-direction without the consent of the Person to whom payment is directed. Hospital acknowledges such direction and agrees to pay the Certified Cost to Complete as Contractor may direct in accordance with such direction. Contractor acknowledges and agrees that payment by Hospital of the Certified Cost to Complete in accordance with this Section 3.9 as the Contractor may direct constitutes payment by the Hospital to Contractor in satisfaction of the Hospital’s obligation to pay the Certified Cost to Complete to Contractor under the Construction Contract and in satisfaction of any trust obligation of the Hospital in respect to such payments under Section 7 of the Construction Lien Act (Ontario) pursuant to Section 10 of the Construction Lien Act (Ontario).
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Certified Cost to Complete. (a) After CHH has paid the Substantial Completion Payment, it shall thereafter continue to be responsible for payment to Project Co of the Certified Cost to Complete as at the Substantial Completion Payment Date on a progress payment basis in the manner and at the times contemplated in this Project Agreement. Project Co hereby irrevocably directs CHH to make any payment of the Certified Cost to Complete to Agent, or as Agent may direct, as security for the Financing. CHH shall pay the Certified Cost to Complete as directed by Agent and shall not accept any redirection without the consent of Agent. CHH agrees to pay the Certified Cost to Complete as directed by Project Co in accordance with this Section 4.8(a). Any portion of a payment of the Certified Cost to Complete funded by monies deposited to the Trust Account shall be paid directly to Agent or as Agent may direct from the Trust Account in accordance with the provisions of the Trust Account Acknowledgement Agreement. Project Co acknowledges and agrees that payment by CHH of the Certified Cost to Complete in accordance with this Section 4.8(a) constitutes payment by CHH to Project Co in satisfaction of CHH’s obligation to pay the Certified Cost to Complete under the Project Agreement and in satisfaction of any trust obligation of CHH with respect to such payments under Section 7 of the Construction Lien Act (Ontario) pursuant to Section 10 of the Construction Lien Act (Ontario).
Sample 1
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Certified Cost to Complete. (a) After HMQ has paid the Substantial Completion Payment, it shall thereafter continue to be responsible for payment to Project Co of the Certified Cost to Complete as at the Substantial Completion Payment Date on a progress payment basis in the manner and at the times contemplated in this Project Agreement. Project Co hereby irrevocably directs HMQ to make any payment of the Certified Cost to Complete to Agent, or as Agent may direct, as security for the Financing. HMQ shall pay the Certified Cost to Complete as directed by Agent and shall not accept any redirection without the consent of Agent. HMQ agrees to pay the Certified Cost to Complete as directed by Project Co. Project Co acknowledges and agrees that payment by HMQ of the Certified Cost to Complete in accordance with this Section 4.8 as Project Co may direct constitutes payment by HMQ to Project Co in satisfaction of HMQ’s obligation to pay the Certified Cost to Complete under the Project Agreement and in satisfaction of any trust obligation of HMQ with respect to such payments under Section 7 of the Construction Lien Act (Ontario) pursuant to Section 10 of the Construction Lien Act (Ontario).
Sample 1
Certified Cost to Complete. After OIPC has paid the OIPC Reimbursement Payment, it shall thereafter continue to be responsible for payment of the Certified Cost to Complete as at the Reimbursement Payment Date on a progress payment basis in the manner and at the times contemplated by the Construction Contract.
Sample 1

Related to Certified Cost to Complete

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