Payment Becomes Due Clause Samples
The 'Payment Becomes Due' clause defines the specific point at which a party's obligation to pay arises under a contract. Typically, this clause outlines the triggering event for payment, such as the completion of services, delivery of goods, or the issuance of an invoice, and may specify a timeframe within which payment must be made. By clearly establishing when payment is required, this clause helps prevent disputes over timing and ensures both parties have a mutual understanding of their financial responsibilities.
POPULAR SAMPLE Copied 3 times
Payment Becomes Due. 1. Ten days after presentation of the Application for Payment to OWNER with ENGINEER’s recommendation, the amount recom- mended will (subject to the provisions of paragraph 14.02.D) become due, and when due will be paid by OWNER to CONTRACTOR.
Payment Becomes Due. Thirty days after the presentation to Owner of the acceptable Application for Payment and accompanying documentation, in appropriate form and substance and with Owner's notice of acceptability, the amount will become due and will be paid by Owner to DB Entity in compliance with the statutory requirements set forth in California Public Contract Code section 7107, and pursuant to Article 5 of the Agreement.
Payment Becomes Due. 1. Ten days after presentation of the Application for Payment to Owner with Engineer’s recommendation, the amount recommended (subject to any Owner set-offs) will become due, and when due will be paid by Owner to Contractor.
Payment Becomes Due. Thirty days after the presentation to Owner of the final Application for Payment and accompanying documentation, the amount recommended by Engineer (less any further sum Owner is entitled to set off against Engineer’s recommendation, including but not limited to set-offs for liquidated damages and set- offs allowed under the provisions above with respect to progress payments) will become due and shall be paid by Owner to Contractor.
Payment Becomes Due. Thirty days after the presentation to Owner of the acceptable Application and accompanying documentation, in appropriate form and substance and with Owner's notice of acceptability, the amount will become due and will be paid by Owner to Contractor.
Payment Becomes Due. Forty-five calendar days after presentation of the Application for Payment to OWNER’s Finance Department with Owner’s Representative or ARCHITECT’s recommendation, the amount recommended will (subject to the provisions of paragraph 14.02.D) become due, and when due will be paid by OWNER to CONTRACTOR less any applicable retainage or withheld amounts necessary to satisfy claims, liens and judgments as decided in Paragraph 14.02A.3.
Payment Becomes Due. Forty-five days after the presentation to OWNER’s Finance Department of the Application for Payment and accompanying documentation, the amount recommended by ARCHITECT and the Owner’s Representative will become due and, when due, will be paid by OWNER to CONTRACTOR.
Payment Becomes Due. Replace “Ten days” with “Forty-five days”
Payment Becomes Due. 1. Within sixty (60) Days after the presentation to District’s Representative of the proper and complete final Application for Payment and accompanying documentation, the amount recommended by District’s Representative, less any sum District is entitled to set off pursuant to the Contract Documents, will become due and will be paid by District to Design-Build Entity.
Payment Becomes Due. A. Thirty (30) Days after presentation of an undisputed and properly submitted Application for Payment to District’s Representative, and subject to District’s Representative’s recommendation, subject to the modifications above, the amount recommended will become due, and when due will be paid by District to Design-Build Entity.