Payment for the Work. The Grant Recipient shall have paid all architects, engineers, contractors, suppliers, laborers and all other costs and expenses in connection with the Work in full before submitting the Reimbursement Request;
Payment for the Work. Purchaser shall obtain quotes from three contractors to perform the Work or any portion thereof (excluding subcontractors) within a reasonable period after the Closing. The selection of the contractor(s) that will perform the Work or any portion thereof shall be by mutual agreement, provided that Seller must approve at least one of the contractors for each portion of the Work from whom Purchaser obtained a quote. Upon the completion of the Work, each party shall execute and deliver a direction to the Title Company authorizing it to pay to Purchaser all or the portion of the funds held in the Holdback Escrow as necessary to cover Seller's Share of the actual costs of the Work as set forth on a statement of the final costs of the Work which shall include final invoices from each contractor (the "Final Costs"). If Seller's Share of the Final Costs exceeds the amount paid to Purchaser from the Holdback Escrow, Seller shall, within 10 days after receiving the notice of the Final Costs, pay to Purchaser the amount of funds necessary to have fully paid Seller's Share of the Final Costs. If Seller's Share of the Final Costs is less than the amount of funds in Holdback Escrow, then after the payment of Seller's Share of the Final Costs to Purchaser, all remaining funds shall be promptly released to Seller by the Title Company and in such event Seller and Purchaser agree to execute and deliver a joint direction to direct the Title Company to pay such remaining funds to Seller.
Payment for the Work. 4.1. The Customer undertakes to pay for the Work and for the equipment specified in the sales offer of the Contract in accordance with the procedure agreed in the sales offer of the Contract.
4.2. The cost of the Work shall include all expenses necessary for the performance of the Work, unless otherwise stated in the specific clause of the Contract.
4.3. The Contractor shall have the right to refuse to perform the Work and hand over the equipment specified in the sales offer of the Contract if the Customer is late in paying the invoices.
Payment for the Work. Payment for Work performed under this MOA shall be billed lump sum with payment due within thirty (30) days of completion.
Payment for the Work. (a) If Empire HealthChoice d/b/a Empire Blue Cross Blue Shield (or any successor thereto) and its Affiliates shall at any time have net worth less than ten (10) times the cost of any Tenant Change, Landlord may require Tenant, if the change is a Material Tenant Change and if reasonable under the circumstances, to obtain and furnish to Landlord (or require Tenant's general contractor to obtain and furnish to Landlord) a performance and payment bond satisfactory to Landlord naming Tenant and Landlord as their interests may appear; it being understood and agreed, however, that Tenant (and Tenant's general contractor) shall have no obligation to obtain and furnish to Landlord a payment and performance bond in connection with the Tenant Initial Work. Notwithstanding the foregoing, all other tenants and occupants of all or any portion of the Premises other than Empire HealthChoice d/b/a Empire blue Cross/Blue Shield (or any successor thereto) and its Affiliates shall be required, if reasonable under the circumstances, prior to the commencement of any Material Tenant Change, to obtain and furnish to Landlord (or to require their general contractor to obtain and furnish to Landlord) a performance and payment bond as aforesaid.
(b) Any mechanic's lien filed against the Building for work claimed to have been done for, or materials claimed to have been furnished to, Tenant, any Affiliate or subtenant of Tenant, or any other Person acting by or under any of the foregoing shall be discharged by Tenant within thirty (30) days after Tenant shall have received notice thereof. If Tenant shall fail to discharge any mechanic's lien within such thirty (30) day period as aforesaid, Landlord may, but shall not be obligated to, discharge the mechanic's lien by bond, payment or otherwise and the cost of the discharge will be paid by Tenant to Landlord as Additional Rent upon receipt of Landlord's invoice therefor.
Payment for the Work. A. All Tenant Changes shall be performed by Tenant at its sole cost and expense (but subject to reimbursement from the Landlord’s Contribution as provided and subject to the limitations contained in Article 36 hereof with respect to Tenant’s Initial Work).
(i) Subject to the provisions of clause (iv) below, before proceeding with any Tenant Change estimated to cost in excess of the Alteration Threshold Amount, Tenant shall furnish to Landlord one of the following (as selected by Tenant): (a) a cash deposit or (b) an irrevocable, unconditional, negotiable letter of credit, issued by and drawn on a bank or trust company which is a member of the Clearing House in a form reasonably satisfactory to Landlord; each in an amount equal to one hundred ten (110%) percent of the estimated cost of the Tenant Change. For the purposes hereof, “Alteration Threshold Amount” shall mean $2,000,000 (such $2,000,000 to be increased each year after the Commencement Date by the percentage increase in the CPI, if any).
(ii) Upon (a) the completion of the Tenant Change in accordance with the terms of this Article 13 and (b) the submission to Landlord of proof evidencing the payment in full for said Tenant Change including, but not limited to, delivery of waivers of mechanic’s liens (in form reasonably satisfactory to Landlord), the security deposited under Section 13.07B(i) hereof) shall, provided Tenant is not then in monetary default or material non-monetary default hereunder, in each instance, beyond the applicable notice and/or cure period, be returned to Tenant.
(iii) Upon Tenant’s failure to properly perform, complete and fully pay for the said Tenant Change, as reasonably determined by Landlord, Landlord shall be entitled to draw on the security deposited under Section 13.07B(i) hereof to the extent it deems necessary to complete any incomplete Tenant Change or otherwise hazardous condition, to effect any necessary restoration and/or protection of the Premises, the Unit or the Real Property and to apply such funds to the payment or satisfaction of any costs, damages or expenses in connection with the foregoing and/or Tenant’s obligations under this Article 13 and this Lease relating to Tenant Changes and repairs, including the satisfaction of any mechanic’s liens.
(iv) The provisions of this Section 13.07B shall not be applicable to (A) Tenant’s Initial Work or (B) any other Tenant Changes if the then Tenant has a net worth (exclusive of good will and general intangibles), ...
Payment for the Work. 2.1 In consideration of all of the covenants and conditions of this Subcontract Agreement and the full, faithful and prompt performance of all of the terms and conditions of this Subcontract Agreement and of the Contract and Contract Documents pertaining to the Work, Contractor agrees to pay Subcontractor the Price and hereinabove set forth, out of funds received from the Owner for the work performed by Subcontractor, and Subcontractor agrees to receive and accept the Price as full compensation for doing all things required to complete the Work to the satisfaction of the Owner, including all taxes.
2.2 Partial payments for the work performed under this Subcontract Agreement will be made by Contractor as and when Contractor is paid therefore by Owner, and will equal the value of the Work done by the Subcontractor according to the Owner’s estimate, less the sum of previous payments and less a retention equal to Five percent (5%) of the said value of the Work done by Subcontractor; provided that the fund from which such payments shall be made shall be that created by the Owner in making payments to Contractor. In the event that a lesser retention is required by law, this provision shall be deemed amended accordingly, but in no event shall retainage be less than five percent (5%).
2.3 If the Project is an Oregon “public contract” under state law, and not otherwise, the provisions of this Section 2.2.1 shall apply, and shall supersede any conflicting provision of the Subcontract Agreement.
2.3.1 Contractor shall pay Subcontractor for satisfactory performance under this Subcontract Agreement within ten days out of such amounts as are paid to the Contractor by the public contracting agency under the contract. Contractor shall, if payment is not made within 30 days after receipt of payment from the Owner, pay to the first-tier subcontractor an interest penalty on amounts due in the case of each payment not made in accordance with the payment clause included in the previous sentence. Contractor shall not be obligated to pay an interest penalty if the only reason that the Contractor did not make payment when payment was due is that the Contractor did not receive payment from the Owner when payment was due. Interest shall be for the period beginning on the day after the required payment date and ending on the date on which payment of the amount due is made. Interest shall be computed at the rate of three times the discount rate on 90-day commercial paper in effect at...
Payment for the Work. Section 4.1 The Package Costs 25 Section 4.2 Ancillary Costs and Expenses 25 Section 4.3 Payment of the Package Costs and Proof of Performance 25 Section 4.4 Invoices 26 Section 4.5 Payments 26 Section 4.6 Failure to Pay When Due 27 Section 4.7 Books and Records 27 Section 4.8 Audit 27 Section 4.9 Taxes & Customs 27
Payment for the Work. (a) Prior to the commencement of any Tenant Change, Tenant shall obtain and furnish to Landlord (or require Tenant’s general contractor to obtain and furnish to Landlord) a performance and payment bond reasonably satisfactory to Landlord naming Tenant and Landlord (and, if applicable, the Condominium) as their interests may appear.
(b) The cost of each Tenant Change shall be paid for in cash or its equivalent, so that the Premises and the Building shall at all times be free of liens for labor and materials supplied or claimed to have been supplied. In making progress and final payments to contractors, Tenant shall obtain lien waivers certifying that payment in full has been made for the labor, materials and subcontractors which are the subject of such payment. Landlord may require evidence of such lien waivers before permitting Tenant to open or reopen to the public for business.
(c) Notwithstanding anything to the contrary contained in Section 15.07(a), if Tenant is the Named Tenant or a National Grid Tenant, then such Tenant shall not be required to deliver to Landlord any such bond required pursuant to Section 15.07(a).
Payment for the Work
