Credit for Payments. The Owner shall receive a credit for all payments made under the Contract Documents, as against the Design-Builder Fee and the cost of Basic Services and the Work.
Credit for Payments. All payments of principal, interest and fees hereunder payable to Lender shall be made without condition or reservation of right and free of set-off or counterclaim, in Dollars, either by authorized debit to Borrower’s Account or by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds, to Lender, not later than 11:00 A.M. (Los Angeles time) on the date due; and funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.
Credit for Payments. The Owner shall receive a credit for all payments made under the Contract Documents, as against the CM/GC Fee and the cost of Basic Services and the Work. CM/GC’s Statement. CM/GC shall include, as part of the proposed GMP Change Order, a statement identifying: A list of the drawings and specifications, including all addenda and Bulletins thereto including without limitation the Conditions of the Contract, which were used in preparation of the Guaranteed Maximum Price proposal. All estimates, noting whether they cover furnish and delivery, or furnish, delivery, and installation. The CM/GC's Fee shall not be reduced because the Actual Cost of the estimated item is less than the estimate and shall not be increased because the Actual Cost of the estimated item is greater than the estimate. A listing of any trade, Work categories, or other items that are not included in the Guaranteed Maximum Price.
Credit for Payments. The Owner shall receive a credit for all payments made under the Contract Documents, as against the CM/GC Fee and the cost of Basic Services and the Work.
Credit for Payments. Any payment made upon the outstanding principal balance of the Loan, or the accrued interest thereon, shall be credited as of the Business Day received, provided that such payment is made by Borrower no later than 12:00 p.m. (Pacific Standard Time or Pacific Daylight Time, as applicable) and constitutes immediately available funds. Any payment made after such time or which does not constitute immediately available funds shall be credited upon such funds having become unconditionally and immediately available to Lender.
Credit for Payments. The Board shall receive a credit for all payments made under the Contract Documents, as against the CMR Fee and the cost of Basic Services and the Work.
Credit for Payments. All payments received by the Lender as proceeds of Collateral will be the sole property of the Lender up to the amount due and owing and until all of the Obligations have been satisfied in full. Any surplus shall immediately be paid to the Borrower.
Credit for Payments. All payments (including prepayments) made on the Loans shall be credited as of the Business Day received, provided such payment is received by the Lender no later than 11:00 a.m. (Charlotte, North Carolina time) and constitutes immediately available funds. Any payment received after said time or which does not constitute immediately available funds shall be credited upon such funds having become unconditionally and immediately available to the Lender.
Credit for Payments. Each Seller hereby irrevocably names and designates Five States as its agent to receive all notices and payments due to Seller from Buyer under this Agreement. Each Seller hereby stipulates and agrees that (a) any payment made by Buyer to Five States hereunder (including, without limitation, the Deposit and the Closing Amount) shall be deemed received by Seller upon receipt thereof by Five States, and (b) Buyer shall never have any obligation or liability in regard to the apportionment, division, use or payment of such funds by Five States.
Credit for Payments. The receipt of any payment by TMCC shall not be considered a payment on account until same is honored when presented for payment.
