Deferral of Scheduled Payments. Contractor shall re-invoice at the next regular monthly invoicing date any Scheduled Payment or portion thereof withheld under Section 4.2.2 once the cause for such withholding has been removed or resolved, and Concessionaire shall make such Scheduled Payment, other than any portion thereof in dispute, without interest, if all the conditions to the Scheduled Payment have been satisfied. Contractor shall continue to perform the TTMS Work, notwithstanding a withholding by Concessionaire under Section 4.2.2.
Appears in 3 contracts
Samples: Turnkey Lump Sum Design Build Contract, Turnkey Lump Sum Design Build Contract, Turnkey Lump Sum Design Build Contract
Deferral of Scheduled Payments. Contractor shall re-invoice at the next regular monthly invoicing date any Scheduled Payment or portion thereof withheld under Section 4.2.2 once the cause for such withholding has been removed or resolved, and Concessionaire shall make such Scheduled Payment, other than any portion thereof in dispute, without interest, if all the conditions to the Scheduled Payment have been satisfied. Contractor shall continue to perform the TTMS DB Work, notwithstanding a withholding by Concessionaire under Section 4.2.2.
Appears in 2 contracts
Samples: Design Build Contract, Design Build Contract
Deferral of Scheduled Payments. Contractor shall re-invoice at the next regular monthly invoicing date any Scheduled Payment or portion thereof withheld under Section 4.2.2 once the cause for such withholding has been removed or resolved, and Concessionaire shall make such Scheduled Payment, other than any portion thereof in dispute, without interest, if all the conditions to the Scheduled Payment have been satisfied. Contractor shall continue to perform the TTMS Work, notwithstanding a withholding by Concessionaire under Section 4.2.2.
Appears in 1 contract
Samples: Design Build Contract
