Common use of Information re Deductions Clause in Contracts

Information re Deductions. Where the Scheduled Amount is less than the amount claimed in the payment claim, the payment schedule must indicate: 7.7.1 the manner which the Principal has calculated the Scheduled Amount; and 7.7.2 the Principal's reasons for the difference between the Scheduled Amount and the amount of the payment claim; and 7.7.3 where the difference is because the Principal is withholding payment on any basis, the Principal's reasons for withholding payment.

Information re Deductions. Where the Scheduled Amount is less than the amount claimed in the payment claim, the payment schedule must indicate: 7.7.1 the manner in which the Principal has calculated the Scheduled Amount; and 7.7.2 the Principal's ’s reasons for the difference between the Scheduled Amount and the amount of the payment claim; and 7.7.3 where the difference is because the Principal is withholding payment on any basis, the Principal's ’s reasons for withholding payment.

Information re Deductions. Where the Scheduled Amount is less than the amount claimed in the payment claim, the payment schedule must indicate: 7.7.1 the manner which the Principal has calculated the Scheduled Amount; and 7.7.2 the Principal's ’s reasons for the difference between the Scheduled Amount and the amount of the payment claim; and 7.7.3 where the difference is because the Principal is withholding payment on any basis, the Principal's ’s reasons for withholding payment.