Common use of Method of Payment of Authority Contribution Clause in Contracts

Method of Payment of Authority Contribution. If no response is received from the Authority within the forty (40) Business Day time period referred to in paragraph 13.2.1 (Inability to Obtain Funding for Capital Expenditure) above, the Contractor shall give written notice to the Authority of its failure to respond. If no response is received from the Authority within a further ten (10) Business Days following the date the Contractor serves the notice on the Authority, or if the Authority refuses to pay the costs for which funding is not available, the Change Notice shall be treated as having been withdrawn and paragraph 9 (Approval of Estimates) shall apply.

Method of Payment of Authority Contribution. If no response is received from the Authority within the forty (40) Business Day time period referred to in paragraph 13.2.1 150.2.1 (Inability to Obtain Funding for Capital Expenditure) above, the Contractor shall give written notice to the Authority of its failure to respond. If no response is received from the Authority within a further ten (10) Business Days following the date the Contractor serves the notice on the Authority, or if the Authority refuses to pay the costs for which funding is not available, the Change Notice shall be treated as having been withdrawn and paragraph 9 (Approval of Estimates) shall apply.