Construction and Payment Sample Clauses
The Construction and Payment clause outlines the obligations and procedures related to the execution of construction work and the corresponding payment terms between the parties. It typically specifies how and when payments will be made, such as progress payments based on completed milestones or upon submission of invoices, and may detail requirements for documentation or inspections before payment is released. This clause ensures that both parties have a clear understanding of the financial arrangements and timelines, reducing the risk of disputes over payment and work progress during the construction project.
Construction and Payment. Upon acceptance of the lowest responsible bid and approval of the revised amount of the Escrow, if such a revision is necessary, the City shall commence construction of the S. 40th Street Water Main as soon as reasonably possible. Upon receipt of any invoice for the cost of designing and/or constructing the S. 40th Street Water Main, the City will provide a copy of said invoice to the Parcel Owner who shall immediately advance funds to the City for the purpose of paying for actual cost of the work described in the invoice.
Construction and Payment. Upon acceptance of the lowest responsible bid and approval of the revised amount of the Escrow, if such a revision is necessary, the City shall commence construction of the applicable water main(s) as soon as reasonably possible. Upon receipt of any invoice for the cost of designing and/or constructing the applicable water main, the City will provide a copy of said invoice to Sundance who shall within thirty (30) days of receipt, pay the cost for actual cost of the work described in the invoice.
Construction and Payment. 12.1 The Trust shall be construed and administered according to the laws of the jurisdiction in which the principal office of the Trustee is located. In any question of interpretation or other matter of doubt, the Trustee may rely upon the opinion of counsel for the Company or Committee or any other attorney at law designated by the Company with approval of the Trustee.
12.2 No person having any present or future interest in the Trust shall have any right to assign, transfer, encumber, commute or anticipate his payment under this Trust and such payment shall not in any way be subject to any legal process or levy of execution upon, or attachment or garnishment proceeding against, the same for the payment of any claim against any person having an interest hereunder, nor shall such payment be subject to the jurisdiction of any bankruptcy court or insolvency proceedings.
Construction and Payment. 12.1 The Trust shall be construed and administered according to the laws of the jurisdiction in which the principal office of the Trustee is located. In any question of interpretation or other matter of doubt, the Trustee may rely upon the opinion of counsel for the Bank or Administrator or any other attorney at law designated by the Bank with approval of the Trustee.
Construction and Payment. Upon acceptance of the lowest responsible bid and approval of the amount of the Escrow, the City shall commence construction of the ▇▇▇ ▇▇▇▇ Street Water Main East of 98th as soon as reasonably possible. Upon receipt of any invoice for the cost of constructing the ▇▇▇ ▇▇▇▇ Street Water Main East of 98th Street, the City will provide a copy of said invoice to the Developer who shall immediately advance funds to the City for the purpose of paying for actual cost of the work described in the invoice.
Construction and Payment. 10 ARTICLE XIII Miscellaneous ............................ 10 TRUST AGREEMENT This Agreement is made by and between New England Business Service, Inc. (hereinafter the "Company"), and the undersigned banking institution, as Trustee (hereinafter referred to as the "Trustee").
Construction and Payment