Common use of Final Installation Payment Clause in Contracts

Final Installation Payment. No later than ( ) days from the date of the Certificate of Final Acceptance, the ISSUER shall pay or cause to be paid to ESCO the entire unpaid balance of the Work Compensation invoiced by the ESCO, less the amount of any sums that continue to be retained to satisfy the cost of performing any change in the Work that is the subject of any claim or dispute and that has not yet been satisfactorily performed by ESCO. The ISSUER shall not be responsible for any payment due to a subcontractor hired by the ESCO for any Work performed by the ESCO’s subcontractor under this Agreement.

Appears in 5 contracts

Samples: Energy Services Agreement, Energy Services Agreement, Energy Services Agreement

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