Contract Balance Sample Clauses

Contract Balance. This shall be the calculation of the Previous Balance less the Amount of this Billing. This figure shall move to the Previous Balance on the next month’s Program Invoice.

Contract Balance. Thirty (30) days after recordation of a notice of completion by the County, County will pay an amount sufficient to increase total payments to Contractor to one hundred percent (100%) of the contract price, less such amounts as County shall determine in accordance with this contract. County reserves the right to retain such funds as it shall determine in accordance with the contract documents to complete the work.

Contract Balance. Any balance in the Board's contractual salary due to a teacher who notifies the District that he/she is not returning to the District shall be paid on the pay day immediately following the last day of the school term unless otherwise provided by the written consent of the teacher and further provided that no more than three (3) teachers exercise the option provided by this paragraph.

Contract Balance. The parties agree that for the purposes of this Agreement, the principal balance owing by Com Tech to WorldPort under a promissory note dated June 27, 1996 (the "Note") is $500,000, plus accrued interest at ten percent (10%) per annum. A copy of the Note is attached as Exhibit A. The parties agree that Exhibit B correctly and accurately reflects all payments, interest, late charges and principal balances prior to execution of this Agreement.

Contract Balance. ASSIGNEE and CITY recognize and agree that as of the date of this Consent, the Contract has a balance of EIGHTY-NINE THOUSAND, ONE HUNDRED THIRTY- ONE AND 56/100 DOLLARS ($89,131.56) to be paid for the performance of the remaining services under the Contract.

Contract Balance. Obligee represents and warrants that as of the Effective Date: a. The total authorized amount of the Contract, including all additions and deductions is $952,060.56. b. Principal has been paid the sum of $207,512.39. c. The “Contract Balance” shall be hereinafter defined as the sum of $744,548.17 (subsection (a) minus subsection (b)). The Contract balance shall be adjusted as a result of any Change Order executed by the Parties after the Effective Date. d. Obligee is currently holding the sum of $23,056.93 in retainage pursuant to the Contract, which sum is included in the Contract Balance. e. Obligee acknowledges that Surety is reasonably and materially acting in reliance upon Xxxxxxx’s representations and warranties concerning the amount of the Contract Balance. Surety reserves the right to dispute the accuracy of the Contract Balance.

Contract Balance. Obligee represents and acknowledges that the sum of $183,748.04 is the unpaid Contract Balance as of the Effective Date.

Contract Balance. Contract balance is due and payable fourteen (14) days prior to the date of the event or on the approximate date of the event, no later. If the date has been changed, the contract balance is due 14 days prior to the original date of the event.

Contract Balance. $ Opening Fee: $ 1. This Contract shall be paid: Monthly Quarterly Semi-Xxx 2. Date of first payment (no monthly payment on 29, 30, 31): 3. Payment Amount: Principal and Interest $ Tax & Insurance $ Escrow Processing Fee $ Other $ Total Payment $ 4. Interest rate is % per annum beginning to accrue on: 5. Unless otherwise specified and described in a separate written instrument delivered to Escrow Agent and signed by both Buyer and Seller, Escrow Agent shall calculate interest on a 365-day year basis (actual days per month). If an underlying obligation is calculated on a 360-day basis (30 days interest on each payment), this file may need be calculated the same way. All payments first will be applied to accrued interest, late charge and escrow fee then to principal.

Contract Balance. Surety will perform or procure the performance of the Remaining Work relying on, among other things, the Owner’s representation that the “Contract Balance” $4,367,421.01 will be paid directly to Surety, or Surety’s designee, in accordance with this Agreement. The Contract Balance shall not be backcharged for any delay, claims and/or other costs incurred by Owner prior to the Effective Date of this Agreement. The Contract Balance shall be increased or decreased as appropriate, as a result of change orders for extra, deleted or reduced work requested or required by the Owner after the execution of this Agreement, in accordance with the terms of the Contract. Finally, except as otherwise provided in this Agreement, or as required by any federal, state or local law or regulation, Owner shall not: (1) withhold any funds from the Contract Balance because of any claim, lien, suit or demand of a third party; i.e., persons or entities furnishing or alleging to have furnished labor and/or materials to the Project, banks, other lenders, the United States Internal Revenue Service or any other entity claiming obligations due it from Principal, or (2) set off any claim that Owner may have against Surety or Principal against the Contract Balance, regardless of whether the Contract Balance is composed of earned and unpaid contract funds, unearned contract funds, or retainages. The Surety reserves all rights and claims that the Contract Balance should be increased under the doctrine of overpayment or impairment of collateral; Owner reserves all defenses related to any such rights and claims.