Common use of CONTRIBUTING EMPLOYER DELINQUENCY Clause in Contracts

CONTRIBUTING EMPLOYER DELINQUENCY. A Contributing Employer shall be deemed “delinquent” if the Contributing Employer’s Payment is post-marked after the 15th day of the month following the month in which the work was performed (the “Due Date”). Payments to the Funds and Affiliates shall be considered “assets” of each Fund and Affiliate as of the Due Date. The JTB or its designated Agent may extend the time for a Contributing Employer’s Payment for good cause, but any extension shall apply only to the specific context and may not be relied upon by other Contributing Employers as a reason for not submitting Payments as required by the Collective Bargaining Agreement. It is within the JTB’s sole discretion to decide whether to extend the time for a Contributing Employer’s Payment, and the granting of any such extension does not constitute a waiver of the Entities’ rights under these Procedures.

CONTRIBUTING EMPLOYER DELINQUENCY. A Contributing Employer shall be deemed “delinquent” if the Contributing Employer’s Payment is post-marked after the 15th day of the month following the month in which the work was performed , or such other due date as determined by the respective Trustees (the “Due Date”). Payments to the Funds and Affiliates shall be considered “assets” of each Fund and Affiliate as of the Due Date. The Except in the case of elective deferrals, the JTB or its designated Agent may extend the time for a Contributing Employer’s Payment for good cause, but any extension shall apply only to the specific context and may not be relied upon by other Contributing Employers as a reason for not submitting Payments as required by the Collective Bargaining Agreement. It is within the JTB’s sole discretion to decide whether to extend the time for a Contributing Employer’s Payment, and the granting of any such extension does not constitute a waiver of the Entities’ rights under these Procedures.

CONTRIBUTING EMPLOYER DELINQUENCY. A Contributing Employer shall be deemed “delinquent” if the Contributing Employer’s Payment is post-marked after the 15th day of the month following the month in which the work was performed performed, or such other due date as determined by the respective Trustees (the “Due Date”). Payments to the Funds and Affiliates shall be considered “assets” of each Fund and Affiliate as of the Due Date. The Except in the case of elective deferrals, the JTB or its designated Agent may extend the time for a Contributing Employer’s Payment for good cause, but any extension shall apply only to the specific context and may not be relied upon by other Contributing Employers as a reason for not submitting Payments as required by the Collective Bargaining Agreement. It is within the JTB’s sole discretion to decide whether to extend the time for a Contributing Employer’s Payment, and the granting of any such extension does not constitute a waiver of the Entities’ rights under these Procedures.