Common use of Effect of Final Payment Clause in Contracts

Effect of Final Payment. Final Payment constitutes a waiver of all claims by Owner, relating to the condition of the Work except those arising from: 12.3.6.1 Faulty or defective Work appearing after Substantial Completion (latent defects); 12.3.6.2 Failure of the Work to comply with the requirements of the Contract Documents; 12.3.6.3 Terms of any warranties required by the Contract, or implied by law; or 12.3.6.4 Claims arising from personal injury or property damage to third parties.

Effect of Final Payment. Final Payment constitutes a waiver of all claims by the Owner, relating to the condition of the Work except those arising from: 12.3.6.1 Faulty or defective Work appearing after Substantial Completion (latent defects);; and/or 12.3.6.2 Failure of the Work to comply with the requirements of the Contract Documents;; and/or 12.3.6.3 Terms of any warranties required by the Contract, or implied by law; orand/or 12.3.6.4 Claims arising from personal injury or property damage to third parties.

Effect of Final Payment. Final Payment constitutes a waiver of all claims by OwnerOwner and ODR, relating to the condition of the Work except those arising from: 12.3.6.1 Faulty or defective Work appearing after Substantial Completion (latent defects); 12.3.6.2 Failure of the Work to comply with the requirements of the Contract Documents; 12.3.6.3 Terms of any warranties required by the Contract, or implied by law; or 12.3.6.4 Claims arising from personal injury or property damage to third parties.

Effect of Final Payment. Final Payment constitutes shall not constitute a waiver of all claims by Owner, Owner relating to the condition of the Work except including those arising from: 12.3.6.1 15.3.6.1 Faulty or defective Work appearing after Substantial Completion (latent defects); 12.3.6.2 15.3.6.2 Failure of the Work to comply with the requirements of the Contract Documents; 12.3.6.3 15.3.6.3 Terms of any warranties required by the Contract, or implied by law; or 12.3.6.4 15.3.6.4 Claims arising from personal injury or property damage to third parties.

Effect of Final Payment. Final Payment constitutes a waiver of all claims by Owner, relating to the condition of the Work except those arising from: 12.3.6.1 11.3.6.1 Faulty or defective Work appearing after Substantial Completion (latent defectslatentdefects); 12.3.6.2 11.3.6.2 Failure of the Work to comply with the requirements of the Contract Documents; 12.3.6.3 11.3.6.3 Terms of any warranties required by the Contract, or implied by law; or 12.3.6.4 11.3.6.4 Claims arising from personal injury or property damage to third partiesthirdparties.