JOINT PAYEE CHECKS Clause Samples

The Joint Payee Checks clause establishes that payments made under a contract will be issued to more than one party, requiring all named payees to endorse the check before it can be cashed or deposited. In practice, this often applies when a contractor and a subcontractor, or a contractor and a material supplier, are both entitled to payment for work performed or materials supplied. By requiring joint endorsement, the clause ensures that all parties with a financial interest in the payment receive their share, thereby reducing the risk of nonpayment or disputes over funds.
POPULAR SAMPLE Copied 14 times
JOINT PAYEE CHECKS. If Contractor fails to make timely payments to any subcontractor or vendor, Owner may elect to issue one or more checks which are payable jointly to Contractor and the relevant subcontractor or vendor of any tier. Such checks shall be forwarded to Contractor for further handling. Owner may also elect to issue jointly payable checks in circumstances where a dispute exists between Owner and Contractor.
View SourceView Similar (4)
JOINT PAYEE CHECKS. Owner shall have the right at any time and from time to time upon notice to Contractor, to issue one or more checks for portions of a progress payment and Final Payment which are payable jointly to Contractor and its Subcontractors or Vendors of any tier or the parties owed. This right includes, but is not limited to, issuing jointly payable checks in circumstances where a dispute exists between Owner and Contractor with respect to the value of any partially or fully completed Work, including disputed Change Proposal Requests and Claims, and circumstances where Contractor has failed to provide lien waiver documents as required herein. Any such checks are forwarded to Contractor for further handling. Without limiting the generality of the foregoing, if Contractor fails, neglects, or refuses to pay for labor or services performed or materials or equipment supplied in connection with the Work as payments become due, except as are permitted under the Contract Documents, Owner shall have the right (but not the obligation) to make payments directly for any and all such labor, materials, or equipment and to deduct the amount of such payment from any payments otherwise due Contractor and from the Guaranteed Maximum Price. Owner shall have the right upon five (5) days prior written notice to stop the performance of the Work by Contractor until payment of all amounts due and owing has been made, provided, however, Owner shall not have any duty to stop the Work.
View SourceView Similar (3)
JOINT PAYEE CHECKS. Owner shall have the right at any time and from time to time upon notice to Contractor, to issue one or more checks for portions of a progress payment, Original Project Final Payment or Expansion Project Final Payment which are payable jointly to Contractor and its Subcontractors or Vendors of any tier or the parties owed. This right includes, but is not limited to, issuing jointly payable checks in circumstances where a dispute exists between Owner and Contractor with respect to the value of any partially or fully completed Work, including disputed Change Proposal Requests and Claims, and circumstances where Contractor has failed to provide lien waiver documents as required herein. Any such checks shall be forwarded to Contractor for further handling. Without limiting the generality of the foregoing, if Contractor fails, neglects, or refuses to pay for labor or services performed or materials or equipment supplied in connection with the Work for which Contractor has been paid by Owner, Owner shall have the right (but not the obligation), after giving Contractor written notice thereof, and provided that Contractor fails within fifteen (15) days after such notice to cure such situation or to put forward satisfactory reasons to justify such non-payment, to make payments directly for any and all such labor, materials, or equipment and to deduct the amount of such payment from any payments otherwise due to Contractor and from the Original Project Guaranteed Maximum Price or Expansion Project Guaranteed Maximum Price (as applicable).
View SourceView Similar (2)
JOINT PAYEE CHECKS. If Consultant fails to make timely payments to any Subconsultants, Owner may elect to issue one or more checks which are payable jointly to Consultant and the relevant Subconsultant of any tier. Such checks shall be forwarded to Consultant for further handling. Owner may also elect to issue jointly payable checks in circumstances where a dispute exists between Owner and Consultant.
View SourceView Similar (2)
JOINT PAYEE CHECKS. If Architect fails to make timely payments to any of Architect’s Consultants or any other subcontractor or vendor, Owner may elect to issue one or more checks which are payable jointly to Architect and the relevant Architect’s Consultant, subcontractor or vendor of any tier. Such checks shall be forwarded to Architect for further handling. Owner may also elect to issue jointly payable checks in circumstances where a dispute exists between Owner and Architect.
View Source

Related to JOINT PAYEE CHECKS

  • Contractor Personnel – Reference Checks The Contractor warrants that all persons employed to provide service under this Contract have satisfactory past work records indicating their ability to adequately perform the work under this Contract. Contractor’s employees assigned to this project must meet character standards as demonstrated by background investigation and reference checks, coordinated by the agency/department issuing this Contract.

  • Background Checks The State may require that the Contractor and Contractor Parties undergo criminal background checks as provided for in the State of Connecticut Department of Emergency Services and Public Protection Administration and Operations Manual or such other State document as governs procedures for background checks. The Contractor and Contractor Parties shall cooperate fully as necessary or reasonably requested with the State and its agents in connection with such background checks.

  • Returned Checks In the event that a check intended as payment for Rent is dishonoured for whatever reason, the same shall be considered as Late Rent with the late fee being payable on the same.

  • Criminal Background Checks Provider and College reserve the right to conduct criminal background checks on Resident to determine Resident’s suitability to live in Residence Facility, and Resident consents and agrees that Provider and College has permission to conduct criminal background checks on Resident.

  • Reimbursement of Travel Expenses If the Servicer provides access to the Review Materials at one of its properties, the Issuer will reimburse the Asset Representations Reviewer for its reasonable travel expenses incurred in connection with the Review on receipt of a detailed invoice.