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.
Appears in 3 contracts
Samples: Construction Agreement, Construction Agreement β Fixed Price, Construction Agreement
JOINT PAYEE CHECKS. If Contractor fails to make timely payments to any subcontractor or vendor, Owner Parish/Facility 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 Parish/Facility may also elect to issue jointly payable checks in circumstances where a dispute exists between Owner Parish/Facility and Contractor.
Appears in 1 contract
Samples: Construction Agreement