Common use of Payment by Project Co Clause in Contracts

Payment by Project Co. Project Co will pay to the Authority on demand any amounts notified by the Material Project Contractor to the Authority pursuant to Sections 3.3and 3.4 and paid by the Authority or a Proposed Substitute to the Material Project Contractor pursuant to this Agreement and any such amounts will constitute amounts due and payable by Project Co to the Authority under the Project Agreement and the Authority will have all the same rights and remedies under the Project Agreement (including any rights of set-off) in respect of payment or non-payment of any such amounts as the Authority would have for any payment or non-payment by Project Co of any other amounts that are due and payable by it to the Authority under the Project Agreement.

Payment by Project Co. ‌ Project Co will pay to the Authority on demand any amounts notified by the Material Project Contractor to the Authority pursuant to Sections 3.3and 3.3 and 3.4 and paid by the Authority or a Proposed Substitute to the Material Project Contractor pursuant to this Agreement and any such amounts will constitute amounts due and payable by Project Co to the Authority under the Project Agreement and the Authority will have all the same rights and remedies under the Project Agreement (including any rights of set-off) in respect of payment or non-payment of any such amounts as the Authority would have for any payment or non-payment by Project Co of any other amounts that are due and payable by it to the Authority under the Project Agreement.

Payment by Project Co. Project Co will pay to the Authority on demand any amounts notified by the Material Project Contractor to the Authority pursuant to Sections 3.3and 3.3 and 3.4 and paid by the Authority or a Proposed Substitute to the Material Project Contractor pursuant to this Agreement and any such amounts will constitute amounts due and payable by Project Co to the Authority under the Project Agreement and the Authority will have all the same rights and remedies under the Project Agreement (including any rights of set-off) in respect of payment or non-payment of any such amounts as the Authority would have for any payment or non-payment by Project Co of any other amounts that are due and payable by it to the Authority under the Project Agreement.

Payment by Project Co. ‌ Project Co will pay to the Authority on demand any amounts notified by the Material Project Contractor to the Authority pursuant to Sections 3.3and 3.4 and paid by the Authority or a Proposed Substitute to the Material Project Contractor pursuant to this Agreement and any such amounts will constitute amounts due and payable by Project Co to the Authority under the Project Agreement and the Authority will have all the same rights and remedies under the Project Agreement (including any rights of set-off) in respect of payment or non-payment of any such amounts as the Authority would have for any payment or non-payment by Project Co of any other amounts that are due and payable by it to the Authority under the Project Agreement.

Payment by Project Co. Project Co will pay to the Authority on demand any amounts notified by the Material Project Contractor Contract Party to the Authority pursuant to Sections 3.3and 3.3 and 3.4 and paid by the Authority or a Proposed Substitute to the Material Project Contractor Contract Party pursuant to this Agreement and any such amounts will constitute amounts due and payable by Project Co to the Authority under the Project Agreement and the Authority will have all the same rights and remedies under the Project Agreement (including any rights of set-off) in respect of payment or non-payment of any such amounts as the Authority would have for any payment or non-payment by Project Co of any other amounts that are due and payable by it to the Authority under the Project Agreement.

Payment by Project Co. Project Co will pay to the Authority on demand any amounts notified by the Material Project Contractor to the Authority pursuant to Sections 3.3and 3.3 [Notice of Obligations and Step-In Undertaking] and 3.4 [Update of Obligations] and paid by the Authority or a Proposed Substitute to the Material Project Contractor pursuant to this Agreement and any such amounts will constitute amounts due and payable by Project Co to the Authority under the Project Agreement and the Authority will have all the same rights and remedies under the Project Agreement (including any rights of set-off) in respect of payment or non-payment of any such amounts as the Authority would have for any payment or non-payment by Project Co of any other amounts that are due and payable by it to the Authority under the Project Agreement.

Payment by Project Co. Project Co will pay to the Authority Owner on demand any amounts notified by the Material Project Contractor Design-Builder to the Authority Owner pursuant to Sections 3.3and 3.3 and 3.4 and paid by the Authority Owner or a Proposed Substitute to the Material Project Contractor Design-Builder pursuant to this Agreement and any such amounts will constitute amounts due and payable by Project Co to the Authority Owner under the Project Agreement and the Authority Owner will have all the same rights and remedies under the Project Agreement (including any rights of set-off) in respect of payment or non-non payment of any such amounts as the Authority Owner would have for any payment or non-payment by Project Co of any other amounts that are due and payable by it to the Authority Owner under the Project Agreement.