Payment by Owner Sample Clauses
The 'Payment by Owner' clause defines the obligation of the owner to pay the contractor or service provider for work performed or goods delivered under the contract. Typically, this clause outlines the timing, method, and conditions of payment, such as requiring payment within a certain number of days after receiving an invoice or upon completion of specific project milestones. Its core practical function is to ensure that the contractor receives timely and predictable compensation, thereby reducing the risk of payment disputes and supporting smooth project progress.
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Payment by Owner. 6.2.1 At any time that the balance of the Receivable Account exceeds 10,000,000 RMB (excluding Service Fee and Receivable Expenses), Servicing Party shall deduct Service Fee and Receivable Expenses, and deposit the remaining sum in the Deposit Account.
6.2.2 At any time it incurs a Receivable Expense, Servicing Party may reimburse said Receivable Expense from the Receivable Account.
6.2.3 Provided that there is no breach of Section 8.2 of this Agreement, and after Servicing Party has verified with Owner the Receivable Expense and the amount of money deposited into the Deposit Account, the remaining sum shall be deemed to be the Service Fee earned by Servicing Party.
Payment by Owner. Owner shall pay the entire undisputed amount of each payment claim within ten (10) days after the receipt by Owner of the payment claim.
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Payment by Owner. Subject to Section 9.4, if at any time there are insufficient funds in the Bank Accounts to pay any installment of the Base Management Fee or the Incentive Management Fee or any expense or other amount which is then due and payable to Manager, Owner shall, within ten (10) business days after receiving a written request therefor from Manager, pay the amount of such installment, expense or amount to Manager.
Payment by Owner. Owner further agrees to reimburse Agent for any reasonable cost or expense incurred by Agent to protect the interests of Agent hereunder, within five (5) days after written demand for payment is given to Owner by Agent. Owner also agrees to reimburse Agent for all of Agent’s other reasonable costs incurred hereunder for which Owner is obligated to reimburse or indemnify Agent within thirty (30) days after written demand for such reimbursement is given to Owner by Agent. Any such sum shall bear interest at the interest rate set forth in Section 2.10(c) of the Credit Agreement until paid if it is not paid when due.
Payment by Owner. Subcontractor acknowledges that Subcontractor’s Work is a portion of the work for the Project, and that payment for Subcontractor’s Work by WINTER ▇▇▇▇▇▇▇ is conditioned upon payment for Subcontractor’s Work by Owner. Subcontractor warrants and represents that it relies for payment of Subcontractor’s Work on the credit and ability to pay of Owner, and not of WINTER ▇▇▇▇▇▇▇, and that Subcontractor undertakes the risk that it shall not be paid for Subcontractor’s Work in the event WINTER ▇▇▇▇▇▇▇ is not paid by Owner for such Work. Except for confidential information, Subcontractor may review any information provided by Owner to WINTER ▇▇▇▇▇▇▇ relative to Owner’s financial ability to pay for the Work. Payment by the Owner to WINTER ▇▇▇▇▇▇▇ shall be an absolute condition precedent to WINTER ▇▇▇▇▇▇▇’▇ (or its surety’s) obligation to make any progress payments, final payment or release of retainage to Subcontractor. This subparagraph shall not void any right of Subcontractor to file and take necessary legal action to preserve a claim of lien or claim against a bond.
Payment by Owner. To the extent payment is due under the Contract Documents, Owner shall make payment to the Contractor with respect to an Application for Payment not later than forty-five (45) days after the later of (i) the date the Construction Manager receives such Application for Payment or (ii) the end of the month covered by such Application for Payment, provided that all other conditions for the payment covered by such Application for Payment have been satisfied. No payment shall constitute a waiver of any Claims by Owner, whether past, present or future. Owner reserves the right to make payment by joint check or by direct check to Contractor’s material suppliers or Subcontractors or to any other person or entity who has performed work or furnished materials under this Contract and may have a claim or a right of action against Owner, Owner’s surety, the Construction Manager, or the Project under any law; provided, however, that Owner shall not be obligated to exercise the right reserved herein for the benefit of any person or entity. Contractor agrees that Owner shall have the right to determine the manner in which payment shall be made.
Payment by Owner. Owner shall pay, upon demand by Town, the amount of any liability paid by Town. Owner shall satisfy and discharge any judgment recovered against Town or the Dedications by reason of such liability promptly after the entry thereof, unless an appeal is taken and any bonds required to stay the collection thereof are procured and filed by Owner. If a final judgement is entered against the Town or the Dedication after the appeal, Owner shall satisfy and discharge such judgement. Towns may, in its reasonable discretion, make any payment as required herein, and Owner shall promptly repay to the Town the amount of such payment with interest.
Payment by Owner. 2.1 The Owner will, subject to the applicable legislation and the provisions of the Contract Documents in the manner and at the times stipulated in the General Conditions, provide payment to the Contractor for the performance and fulfillment of this Contract at the unit rates set out in Schedule A, B, and C of this Agreement and estimated in the aggregate to be:
Payment by Owner. A. Payment will be made according to the guidelines established by the North Carolina Housing Finance Agency. The Owner agrees to pay the LRCOG from NCHFA, Single- Family Rehabilitation Program funds for services rendered. The amount of eligible funding is recorded on page 2 of the Bladen County SFR15 Application for Funding & Pool Membership.