Common use of DISCOUNTS AND PENALTIES Clause in Contracts

DISCOUNTS AND PENALTIES. 10.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost of the Project. All penalties incurred due to fault of the Construction Manager for late payment of cost of the project will be paid by the Construction Manager.

DISCOUNTS AND PENALTIES. 10.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost Cost of the Project. All The Construction Manager will pay all penalties incurred due to fault of the Construction Manager for late payment of cost of the project will be paid by the Construction Managerproject.

DISCOUNTS AND PENALTIES. 10.1 11.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost Cost of the Project. All penalties incurred due to fault of the Construction Manager for late payment of cost Cost of the project Project will be paid by the Construction Manager.

DISCOUNTS AND PENALTIES. 10.1 11.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such paymentsOwner. To the extent the Cost of the Project is paid with funds of the Construction ManagerContractor, all cash discounts shall accrue to the Construction ManagerContractor. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost Cost of the Project. All penalties incurred due to fault of the Construction Manager Contractor for late payment of cost of the project will be paid by the Construction ManagerContractor.

DISCOUNTS AND PENALTIES. 10.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost Cost of the Project. All penalties incurred due to fault of the Construction Manager for late payment of cost Cost of the project Project will be paid by the Construction Manager.

DISCOUNTS AND PENALTIES. 10.1 11.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project Project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost Cost of the Project. All penalties incurred due to fault of the Construction Manager for late payment of cost of the project will be paid by the Construction Manager.

DISCOUNTS AND PENALTIES. 10.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project Work is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project Work is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost Cost of the ProjectWork. All penalties incurred due to fault of the Construction Manager for late payment of cost of the project Work will be paid by the Construction Manager.

DISCOUNTS AND PENALTIES. 10.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project Project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager Contractor for such payments. To the extent the Cost of the Project is paid with funds of the Construction ManagerContractor, all cash discounts shall accrue to the Construction ManagerContractor. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost Cost of the Project. All penalties incurred due to fault of the Construction Manager Contractor for late payment of cost of the project will be paid by the Construction ManagerContractor.

DISCOUNTS AND PENALTIES. 10.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such paymentsContractor. To the extent the Cost cost of the Project project is paid with funds of the Construction ManagerContractor, all cash discounts shall accrue to the Construction ManagerContractor. All trade discounts, rebates and refunds, refunds and all returns from sale of surplus materials material and equipment, equipment shall be credited to the cost of the Projectproject. All penalties incurred due to the fault of the Construction Manager Contractor for late payment of the cost of the project project, except, late payments by Owner, will be paid by the Construction ManagerContractor.

DISCOUNTS AND PENALTIES. 10.1 11.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost Cost of the Project. All penalties incurred due to fault of the Construction Manager for late payment of cost of the project will be paid by the Construction Manager.