Common use of Final Payment and Release Clause in Contracts

Final Payment and Release. Final payment shall be made to the CM upon satisfactory completion and acceptance by the OWNER of all services required, including all deliverables pursuant to Section 18.4 of Appendix A, by the CM pursuant to this Contract, or all services performed prior to the termination of said Contract if so terminated and upon submission of a certification that all Subconsultants/Trade Contractors have been paid their full and agreed compensation. Acceptance by the CM of final payment hereunder shall operate as, and shall be, a release to the OWNER from all claims and liability to the CM and its successors, legal representatives, and assigns for anything done or furnished under or arising out of the provisions of this Contract. No payment, final or otherwise, shall release the CM from any obligations under this Contract.

Final Payment and Release. Final payment shall be made to the CM upon satisfactory completion and acceptance by the OWNER of all services required, including all deliverables pursuant to Section 18.4 of Appendix A, by the CM pursuant to this Contract, or all services performed prior to the termination of said Contract if so terminated and upon submission of a certification that all Subconsultantssubconsultants/Trade Contractors subcontractors have been paid their full and agreed compensation. Acceptance by the CM of final payment hereunder shall operate as, and shall be, a release to the OWNER from all claims and liability to the CM and its successors, legal representatives, and assigns for anything done or furnished under or arising out of the provisions of this Contract. No payment, final or otherwise, shall release the CM from any obligations under this Contract.