Compensation owed under Section 11 Clause Samples

Compensation owed under Section 11. 4.1.1 shall be paid monthly, commencing on the last day of the month immediately following the month when Project Substantial Completion would have been achieved had the Compensation Event Delays not occurred, and continuing on the last day of each month thereafter until all compensation owed under Section 11.4.1.1 is paid, subject to: (a) Section 11.3.3.2; and (b) Developer delivering to the Owner, at least 30 days in advance of the applicable payment date, a written request for payment together with documentation demonstrating the amount owing under Section 11.4.1.1 for the applicable month. The amount paid each month shall not exceed the amount of compensation owed for 30 days of Compensation Event Delays, and any remaining amounts shall be paid in the subsequent month(s).