Payment of Contractor. Once Landlord and Tenant have agreed upon the Approved Bid, and a contract for the construction of the Tenant Improvements has been entered into with the Contractor, Landlord shall be responsible for making monthly progress payments to Contractor in accordance with the construction contract, subject to reimbursement by Tenant pursuant to the following procedure. Once the Approved Bid has been agreed upon, if the total Approved Bid is in excess of the Base Tenant Improvement Allowance, Tenant shall reimburse Landlord each month, within twenty (20) days of receipt of bills or invoices representing the current months’ payment obligation to the Contractor (the “Monthly Payment”), for that portion of the Monthly Payment determined by taking a fraction, the numerator of which is the difference between the Bid Price and the Base Tenant Improvement Allowance, and the denominator of which is the Approved Bid, and multiplying the Monthly Payment by such fraction. Landlord shall have no obligation to pay Contractor unless and until Landlord shall have received such sum from Tenant. Any delays in construction of the Tenant Improvements caused as a result of Tenant’s failure to timely Landlord as provided herein, shall be deemed to be a Tenant Delay for which Tenant shall be solely responsible.
Payment of Contractor. Once Tenant and Contractor have mutually executed the Construction Contract, Tenant shall be responsible for making monthly progress payments to Contractor in accordance with the Construction Contract, subject to reimbursement by Landlord pursuant to the following procedure. Landlord shall reimburse Tenant each month, within twenty (20) days of receipt of bills or invoices from Tenant representing the current months’ payment obligation to the Contractor (the “Monthly Payment”), for that portion of the Monthly Payment determined by taking a fraction, the numerator of which is the Landlord’s Allowance, and the denominator of which is the Approved Bid, and multiplying the Monthly Payment by such fraction. Tenant shall be solely responsible for paying the balance of any Monthly Payment as Additional Costs. If the total Approved Bid is in equal to or less than the sum of the Landlord’s Allowance, Landlord shall reimburse Tenant each month, within twenty (20) days of receipt of bills or invoices from Tenant representing the current Monthly Payment, for the entire Monthly Payment. It shall be a condition precedent to Landlord’s obligation to reimburse Tenant for any Monthly Payment that Tenant shall have provided Landlord with unconditional lien releases and waivers from the Contractor, any subcontractors and/or any material suppliers providing goods or services for the Tenant Improvements, in the form required by California law, whereby such Contractor, any subcontractors and/or any material suppliers unconditionally waive any mechanics’ or other statutory lien rights with respect to the current and/or any prior Monthly Payment made or to be made by Landlord to Tenant.
Payment of Contractor. During the duration of this Agreement, payment of the compensation is subject to Contractors' continuing satisfactory performance in accordance with Section 4 below. Summa Four shall compensate Contractor in accordance with the provisions of Appendix A.
Payment of Contractor. Contractor will be paid a monthly payment based on the amount of work completed, less a 10% retainage or as otherwise allowed by the laws of the State where the Work is being performed. Prior to making final payment to Contractor, Hormel reserves the right to require lien waivers or affidavits from all subcontractors and suppliers showing that all labor and material has been paid in full. All requests for payment of labor, materials and equipment furnished on a cost-plus basis must be submitted within 60 days of completion of additional work and accompanied by copies of time sheets and material delivery tickets signed by the designated Hormel representative. Contractor understands and agrees that it forever waives any claims not properly submitted to Hormel within 60 days after completion of additional work.
Payment of Contractor. Once Landlord and Tenant have agreed upon a Contractor and contract has been entered into with the Contractor, Landlord shall be responsible for making monthly progress payments to Contractor in accordance with the construction contract, subject to reimbursement by Tenant pursuant to the following procedure. If the total contract price is in excess of the Tenant Improvement Allowance, Tenant shall reimburse Landlord each month, within twenty (20) days of Tenant’s receipt of bills or invoices from Landlord representing the current month’s payment obligation to the Contractor (the “Monthly Payment”), for that portion of the Monthly Payment determined by taking a fraction, the numerator of which is the Tenant Improvement Allowance and the denominator of which is the contract price, and multiplying the Monthly Payment by such fraction. Landlord shall have no obligation to pay Contractor unless and until Landlord shall have received such sum from Tenant. Any delays in construction of the Tenant Improvements caused as a result of Tenant’s failure to timely reimburse Landlord as provided herein, shall be deemed to be a Tenant Delay for which Tenant shall be solely responsible.
Payment of Contractor. S SUPPLIERS; RELEASE OF LIENS; ERFULLUNGSGEHILFEN. Contractor's Suppliers shall be deemed persons employed by the Contractor in the performance of its obligations (ERFULLUNGSGEHILFEN) within the meaning of Section 278 BGB. The Contractor shall pay promptly for all its labor, equipment, subcontracts and other materials and supplies used in connection with the Works. If any liens are filed against the Plant or the Site in respect of the Works, the Contractor shall immediately either (i) pay the amount in question or (ii) cause the release of such liens by arranging for the issuance of bonds or other reasonably satisfactory security.
Payment of Contractor. Landlord shall be responsible for making --------------------- monthly progress payments to Contractor in accordance with the construction contract between Landlord and the Contractor.
Payment of Contractor. M-OESC, as a contracting agency, shall remain responsible for the payment of sub-contractor invoices, reimbursement of any required expenses of sub- contractor, IRS and state reporting requirements .
Payment of Contractor. Upon receipt of an application for a progress payment from the Contractor, Lessee's architect shall promptly review and certify the amounts due the Contractor. Lessee shall pay the Contractor all amounts due the Contractor, in accordance with the provisions of the Construction Contract. Lessee shall require the Contractor to provide Lessor with the proper mechanics lien releases at the time of invoicing with such releases conditioned upon payment and worded in the manner provided for conditional releases under California law. Should there be any liens on the Premises as a result of Lessee's Improvements, Lessor shall give written notice thereof to Lessee and thereafter Lessee shall bear the costs to remove such liens by bonding or otherwise.
Payment of Contractor. The Parties shall agree on the Contractor’s fees and payment medium with Company’s final approval.
