Common use of Delay of Payment Clause in Contracts

Delay of Payment. If the City has reason to believe that any statement or certification made by the Company pursuant to this Agreement, including but not limited to Section 2 is not accurate, a payment otherwise appearing to be due shall be delayed for a reasonable time for a determination of the facts, provided that the City shall send notice to the Company of the grounds for that belief.

Appears in 27 contracts

Samples: Economic Incentive Agreement, Agreement, Economic Incentive Agreement

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Delay of Payment. If the City has reason to believe in good faith that any statement or certification made by the Company pursuant to this Agreement, including but not limited to Section 2 is not accurate, a payment otherwise appearing to be due shall be delayed for a reasonable time for a determination of the facts, provided that the City shall send notice to the Company of the grounds for that belief.

Appears in 1 contract

Samples: Economic Development Incentive Agreement

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