Common use of Hold Back Clause in Contracts

Hold Back. IPCS shall be entitled to hold back ten percent (10%) of ---------- each amount that SDS invoices to IPCS for construction costs to be paid, directly or indirectly, to third parties for each site until the development of that site is complete and the site has been accepted by IPCS. For the purposes of this provision, IPCS shall be deemed to have accepted a site when SDS has provided written notice to IPCS of site completion and IPCS has not, within seven (7) days after such written notice, provided written notice to SDS of any Services or other responsibilities of SDS that have yet to be completed for that site. Notwithstanding the foregoing, IPCS acknowledges that its acceptance shall not be conditioned upon performance of any radio equipment specified by IPCS or any third party.

Hold Back. IPCS shall be entitled to hold back ten percent (10%) of ---------- each amount payment that SDS CMS invoices to IPCS for construction costs to be paid, directly or indirectly, to third parties for each site until the development of that site is complete and the site has been accepted by IPCS. For the purposes of this provision, IPCS shall be deemed to have accepted a site when SDS CMS has provided written notice to IPCS of site completion and IPCS has not, within seven (7) days after such written notice, provided written notice to SDS CMS of any Services or other responsibilities of SDS CMS that have yet to be completed for that site. Notwithstanding the foregoing, IPCS acknowledges that its acceptance shall not be conditioned upon performance of any radio equipment specified by IPCS or any third party.

Hold Back. IPCS shall be entitled to hold back ten percent (10%) of ---------- --------- each amount that SDS invoices to IPCS for construction costs to be paid, directly or indirectly, to third parties for each site until the development of that site is complete and the site has been accepted by IPCS. For the purposes of this provision, IPCS shall be deemed to have accepted a site when SDS has provided written notice to IPCS of site completion and IPCS has not, within seven (7) days after such written notice, provided written notice to SDS of any Services or other responsibilities of SDS that have yet to be completed for that site. Notwithstanding the foregoing, IPCS acknowledges that its acceptance shall not be conditioned upon performance of any radio equipment specified by IPCS or any third party.