Payment and Certificates Sample Clauses

Payment and Certificates. Payment will be made to the contractor under the certificates to be issued at reasonable frequent . intervals by the Superintending Engineer. Within fourteen days of the sale of each certificate an intermediate payment will be made of a sum equal to 95 percent of the value of the work, as so certified and the balance of 5 percent will be withheld and retained as a security for the due fulfilment of the . contract. Under the certificate to be issue by the S.E. on the completion of the entire works the contractor will receive the final payment of all the moneys due or payable to him under or by virtue of the contract except security deposit, provided there is no recovery from or forfeiture by the contractor to be made under penal clause 7-6-5-, 7-6-6, 7-6-7 and 7-6-8. The security deposit will be paid as per clause 7-4-16. No certificate of the Superintending Engineer shall be considered conclusive evidence as to the sufficiency of any work or materials or correctness of measurements to which it relates, not shall it relieve the contractor from his liabilities to make good defects as provided by the contract. The contractor when applying for a certificate, shall prepare a sufficiency 'A' to the satisfaction of the Superintending Engineer to enable the superintending Engineer or the Executive Engineer, or the Assistant Executive Engineer to check the claim and issue the certificate. 7-7-9 Interest on money Due to the Contractor: No omission by the Superintending Engineer to pay the amount due upon certificate shall vitiate or make void the contract; nor shall the contractor be entitled to interest upon any guarantee fund if the contractor has paid the security deposit in cash or payments, in arrear, nor upon any balance which may on final settlement of accounts, be found due to him. Whenever the withheld amount reaches Rs.1,OOO or a multiple thereof the contractor may at his . option, deposit with the Commissioner an equal amount if sum of Rs.1 ,000 or a multiple thereof in any of the forms of interest bearing securities approved for the purpose by the Commissioner endorse in favor of Commissioner in which in which case the equivalent vviithheld amount shall be paid to him forthwith. The contractor will be permitted to exercise the option in this clause, subject only to the condition that the rate of progress maintained in the Articles of Agreement is properly maintained.
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Payment and Certificates. 32.1 Payment for civil work will be made to the contractor proportionate to the work done on the basis of the percentage breakup for various works as per schedule of payment. The payment schedule for Civil works is given in Schedule : 2.
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Payment and Certificates. 5.1 PAYMENT OF CASH CONSIDERATION
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Payment and Certificates. Tenant shall pay all of the insurance premiums, and deliver certificates evidencing such coverage to Landlord prior to their effective date (and, with respect to any renewal policy ten (10) days prior to the expiration of the existing policy), and in the event of the failure of Tenant either to effect such insurance in the names herein called for or to pay the premiums therefor, or to deliver such certificates to Landlord at the times required, Landlord shall be entitled, but shall have no obligation, to effect such insurance and pay the premiums therefor, which premiums shall be repayable to Landlord upon written demand therefor.
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Payment and Certificates 
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Related to Payment and Certificates

  • Calculations and Certificates 36.1 Accounts In any litigation or arbitration proceedings arising out of or in connection with a Finance Document, the entries made in the accounts maintained by a Finance Party are prima facie evidence of the matters to which they relate.

  • Documents and Certificates GM shall have received such documents and certificates as GM or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower and each of the Guarantors, the authorization of the transactions under this Amendment and any other legal matters relating to the Borrower and each of the Guarantors, this Amendment or the transactions contemplated hereunder, all in form and substance reasonably satisfactory to GM and its counsel.

  • Reports and Certificates Each report and certificate delivered in connection with the Issuance Advice Letter or delivered in connection with any Advice Letter made to the CPUC by the Issuer with respect to the Fixed Recovery Charges or True-Up Adjustments will constitute a representation and warranty by the Servicer that each such report or certificate, as the case may be, is true and correct in all material respects; provided, however, that to the extent any such report or certificate is based in part upon or contains assumptions, forecasts or other predictions of future events, the representation and warranty of the Servicer with respect thereto will be limited to the representation and warranty that such assumptions, forecasts or other predictions of future events are reasonable based upon historical performance (and facts known to the Servicer on the date such report or certificate is delivered).

  • Designation of Trust and Certificates The Trust created hereby shall be known as the "Corporate Backed Trust Certificates, AT&T Note-Backed Series 2004-2 Trust." The Certificates evidencing certain undivided ownership interests therein shall be known as "Corporate Backed Trust Certificates, AT&T Note-Backed Series 2004-2." The Certificates shall consist of the Class A-1 Certificates and the Class A-2 Certificates (together, the "Certificates"). The Trust is also issuing call warrants with respect to the Certificates ("Call Warrants").

  • Class A Certificates 7 Class I-A Certificates.........................................................................7 Class I-B-1 Certificates.......................................................................8 Class I-B-2 Certificates.......................................................................8 Class I-B-3 Certificates.......................................................................8 Class I-B-4 Certificates.......................................................................8 TABLE OF CONTENTS (continued) Class I-B-6 Certificates.......................................................................8 Class II-A Certificates........................................................................8 Class II-B-1 Certificates......................................................................8 Class II-B-2 Certificates......................................................................8 Class II-B-3 Certificates......................................................................8 Class II-B-4 Certificates......................................................................8 Class II-B-5 Certificates......................................................................8 Class II-B-6 Certificates......................................................................8

  • Senior Certificates Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-R, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class 3-A-6 and Class 3-A-7 Certificates.

  • Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations The aggregate principal amount of the Certificates that may be authenticated and delivered under this Agreement is limited to the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date, as specified in the Preliminary Statement to this Agreement, except for Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates pursuant to Section 5.03. Such aggregate principal amount shall be allocated among one or more Classes having designations, types of interests, initial per annum Certificate Interest Rates, initial Class Principal Balances and Final Maturity Dates as specified in the Preliminary Statement to this Agreement. The aggregate Percentage Interest of each Class of Certificates of which the Class Principal Balance equals zero as of the Cut-Off Date that may be authenticated and delivered under this Agreement is limited to 100%. Certificates shall be issued in Authorized Denominations.

  • Trust Administrator Not Liable for Certificates or Mortgage Loans The recitals contained herein shall be taken as the statements of the Depositor or the Master Servicer or a Servicer, as the case may be, and the Trust Administrator assumes no responsibility for their correctness. The Trust Administrator makes no representations as to the validity or sufficiency of this Agreement, the Certificates or of any Mortgage Loan or related document. The Trust Administrator shall not be accountable for the use or application by the Depositor, the Sellers, the Master Servicer or the Servicers of any funds paid to the Depositor or the Master Servicer or any Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor, the Sellers or the Master Servicer or the Servicers. The Trust Administrator shall not be responsible for the legality or validity of this Agreement or the validity, priority, perfection or sufficiency of the security for the Certificates issued or intended to be issued hereunder. The Trust Administrator shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection for any security interest or lien granted to it hereunder or to record this Agreement.

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