Common use of Obligations For Payment Clause in Contracts

Obligations For Payment. If the unpaid balance of the Contract Sum exceeds costs of finishing the Work, such excess shall be paid to the Contractor. If such costs exceed the unpaid balance, the Contractor shall pay the difference to the Owner. This obligation for payment shall survive termination of the Contract.

Appears in 2 contracts

Samples: Construction Contract, Construction Contract

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Obligations For Payment. If the unpaid balance of the Contract Sum exceeds costs of finishing the Work, such excess shall be paid to the Contractor. If such costs exceed the unpaid balance, the Contractor shall pay the difference to the Owner. This obligation for payment shall survive termination of the Contract.. SPECIAL CONDITIONS

Appears in 1 contract

Samples: Construction Contract

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Obligations For Payment. If the unpaid balance of the Contract Sum exceeds costs of finishing the Work, such excess shall be paid to the Contractor. If such costs exceed the unpaid balance, the Contractor shall pay the difference to the Owner. This obligation for payment shall survive termination of the Contract.. SPECIAL CONDITIONS ARTICLE 1

Appears in 1 contract

Samples: Construction Contract

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