Common use of DEFICIENT REQUESTS FOR PAYMENT Clause in Contracts

DEFICIENT REQUESTS FOR PAYMENT. Should Owner and the Lenders believe any Request for Payment is non-conforming (by being incomplete or inaccurate or by not otherwise satisfying the requirements for a Request for Payment hereunder), Owner shall have the right, in its sole discretion, to (a) request additional information with respect to such non-conforming Request for Payment or (b) reject the non-conforming portion of a Request for Payment, but pay the undisputed portion in accordance with this Agreement. It is understood and agreed by the Parties that any Request for Payment which is non-conforming, to the extent of such non-conformance, shall not constitute a valid and proper Request for Payment, and Owner shall not be obligated to make payment of any disputed amounts related to such non-conformance until Contractor revises the Request for Payment or submits a Request for Payment in proper form.

Appears in 5 contracts

Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.)

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DEFICIENT REQUESTS FOR PAYMENT. Should Owner and the Lenders believe any Request for Payment is non-conforming (by being incomplete or inaccurate or by not otherwise satisfying the requirements for a Request for Payment hereunder), Owner shall have the right, in its sole discretion, to (a) request additional information with respect to such non-conforming Request for Payment or (b) reject the non-conforming nonconforming portion of a Request for Payment, but pay the undisputed portion in accordance with this Agreement. It is understood and agreed by the Parties that any Request for Payment which is non-conforming, to the extent of such non-conformance, shall not constitute a valid and proper Request for Payment, and Owner shall not be obligated to make payment of any disputed amounts related to such non-conformance until Contractor revises the Request for Payment or submits a Request for Payment in proper form.

Appears in 3 contracts

Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.)

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