COMPUTATIONS OF CERTIFICATES FOR PAYMENT Sample Clauses

COMPUTATIONS OF CERTIFICATES FOR PAYMENT. 9.3.1 Subject to the provisions of the Contract Documents, the amount of each Certificate for Payment is calculated as follows: 9.3.1.1 Take that portion of a CGMP or the GMP properly allocated to completed Work for such Construction Phase based upon the percentage completion of each portion of the Work as set forth above. Pending final determination of cost to City of changes in the Work, amounts not in dispute may be included after increases and decreases have been netted out against each other, even though a CGMP or the GMP (as applicable) has not yet been adjusted by Change Order. 9.3.1.2 Add the XXXX’x Fee. 9.3.1.3 Subtract the amount of retainage and such other amounts as City is entitled to withhold. 9.3.1.4 Subtract the aggregate of the previous payments made by City. 9.3.1.5 Subtract the shortfall, if any, indicated by XXXX in the documentation required to substantiate prior Applications for Payment or XXXX’x payment of Costs of the Work covered by pervious payments, or resulting from errors subsequently discovered by Director in such documentation. 9.3.1.6 Subtract amounts, if any, for which City has withheld or nullified an Application for Payment.
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COMPUTATIONS OF CERTIFICATES FOR PAYMENT. 9.3.1 Subject to the provisions of the Contract Documents, the amount of each Certificate for Payment is calculated as follows: .1 Take that portion of the Guaranteed Maximum Price for a Construction Phase properly allocated to completed Work for such Construction Phase based upon the percentage completion of each portion of the Work as set forth above. Pending final determination of cost to City of changes in the Work, amounts not in dispute may be included after increases and decreases have been netted out against each other, even though the Guaranteed Maximum Price has not yet been adjusted by Change Order. .2 Add the Design Build Contractor’s Fee. .3 Subtract the amount of retainage and such other amounts as City is entitled to withhold. .4 Subtract the aggregate of the previous payments made by City. .5 Subtract the shortfall, if any, indicated by Design Build Contractor in the documentation required to substantiate prior Applications for Payment or Design Build Contractor’s payment of Costs of the Work covered by pervious payments, or resulting from errors subsequently discovered by City Engineer in such documentation.
COMPUTATIONS OF CERTIFICATES FOR PAYMENT. 4.1.3.1. Subject to provisions of the Agreement, Work Orders, and the Documents, the amount of each Certificate of Payment shall be calculated as follows: 4.1.3.1.1. that portion of the Contract Price allocable to completed Work based on the line items completed and the extension of their unit prices (as calculated in Exhibit “B”) multiplied by the quantities incorporated into the Work; 4.1.3.1.2. plus progress payments for completed Work that has been properly authorized by Work Change Directives or amended Work Orders; 4.1.3.1.3. less retainage of five percent; 4.1.3.1.4. plus actual costs, properly substantiated by certified copies of invoices and freight bills, of non-perishable materials and equipment delivered and properly stored, if approved in advance by the Director, less retainage of 15 percent; 4.1.3.1.5. less any previous payments made by the City.
COMPUTATIONS OF CERTIFICATES FOR PAYMENT. 9.6.1 Subject to the provisions of the Contract, the amount of each Certificate for Payment is calculated as follows: 9.6.1.1 that portion of Contract Price allocated to completed work as determined by:
COMPUTATIONS OF CERTIFICATES FOR PAYMENT. 9.3.1 Subject to the provisions of the Contract Documents, the amount of each Certificate for Payment is calculated as follows: .1 Take that portion of the Guaranteed Maximum Price for a Construction Phase properly allocated to completed Work for such Construction Phase based upon the percentage completion of each portion of the Work as set forth above. Pending final determination of cost to City of changes in the Work, amounts not in dispute may be included after increases and decreases have been netted out against each other, even though the Guaranteed Maximum Price has not yet been adjusted by Change Order.
COMPUTATIONS OF CERTIFICATES FOR PAYMENT. 9.3.1 Subject to the provisions of the Contract Documents, the amount of each Certificate for Payment is calculated as follows: (. 1) Take that portion of a GMP for a Construction Phase properly allocated to completed Work for such Construction Phase based upon the percentage completion of each portion of the Work as set forth above. Pending final determination of cost to HFH of changes in the Work, amounts not in dispute may be included after increases and decreases have been netted out against each other, even though a GMP has not yet

Related to COMPUTATIONS OF CERTIFICATES FOR PAYMENT

  • Certificates for Reimbursement A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

  • Designation of Certificates Designation of Startup Day and Latest Possible Maturity Date................................ Section 2.06 Optional Substitution of Mortgage Loans...........................

  • CERTIFICATES FOR PAYMENT 9.4.1 The Architect will, within seven days after the receipt of the Contractor's completed Application for Payment, either issue a Certificate for Payment to the State, with a copy to the Contractor, for such amount as the Architect determines is properly due, or notify the Contractor in writing his or her reasons for withholding a Certificate as provided in Subparagraph 9.6.1

  • Form of Certificates Every holder of stock in the Corporation shall be entitled to have a certificate signed, in the name of the Corporation (i) by the Chief Executive Officer or a Vice President and (ii) by the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of the Corporation, certifying the number of shares owned by him in the Corporation.

  • Replacement of Certificates If (i) any Certificate is mutilated and is surrendered to the Trustee or any Authenticating Agent or (ii) the Trustee or any Authenticating Agent receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and there is delivered to the Trustee or the Authenticating Agent such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Depositor and any Authenticating Agent that such destroyed, lost or stolen Certificate has been acquired by a bona fide purchaser, the Trustee shall execute and the Trustee or any Authenticating Agent shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor and Certificate Principal Amount. Upon the issuance of any new Certificate under this Section 3.05, the Trustee and Authenticating Agent may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee or the Authenticating Agent) connected therewith. Any replacement Certificate issued pursuant to this Section 3.05 shall constitute complete and indefeasible evidence of ownership in the applicable Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

  • Amendment of Certificate In the event this Agreement shall be amended pursuant to Section 14.1, the General Partner shall amend the Certificate to reflect such change if it deems such amendment of the Certificate to be necessary or appropriate.

  • DISTRIBUTIONS IN RESPECT OF CERTIFICATES PAYMENTS TO CERTIFICATEHOLDERS;

  • Execution of Certificates The Trustee has caused to be executed, countersigned and delivered to or upon the order of the Company, in exchange for the Mortgage Loans, the Certificates in authorized denominations evidencing the entire ownership of the Trust Fund.

  • Retention of Certificates Any certificates representing unvested Shares shall be held by the Company. If unvested Shares are held in book entry form, the undersigned agrees that the Company may give stop transfer instructions to the depository to ensure compliance with the provisions hereof.

  • Forms of Certificates Generally The Income PRIDES Certificates (including the form of Purchase Contract forming part of the Income PRIDES evidenced thereby) shall be in substantially the form set forth in Exhibit A hereto, with such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Income PRIDES are listed or any depositary therefor, or as may, consistently herewith, be determined by the officers of the Company executing such Income PRIDES Certificates, as evidenced by their execution of the Income PRIDES Certificates. The definitive Income PRIDES Certificates shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers of the Company executing the Income PRIDES evidenced by such Income PRIDES Certificates, consistent with the provisions of this Agreement, as evidenced by their execution thereof. The Growth PRIDES Certificates (including the form of Purchase Contracts forming part of the Growth PRIDES evidenced thereby) shall be in substantially the form set forth in Exhibit B hereto, with such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Growth PRIDES may be listed or any depositary therefor, or as may, consistently herewith, be determined by the officers of the Company executing such Growth PRIDES Certificates, as evidenced by their execution of the Growth PRIDES Certificates. The definitive Growth PRIDES Certificates shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers of the Company executing the Growth PRIDES evidenced by such Growth PRIDES Certificates, consistent with the provisions of this Agreement, as evidenced by their execution thereof. Every Global Certificate authenticated, executed on behalf of the Holders and delivered hereunder shall bear a legend in substantially the following form: THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT (AS HEREINAFTER DEFINED) AND IS REGISTERED IN THE NAME OF THE CLEARING AGENCY OR A NOMINEE THEREOF. THIS CERTIFICATE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A CERTIFICATE REGISTERED, AND NO TRANSFER OF THIS CERTIFICATE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH CLEARING AGENCY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AGREEMENT.

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