Payment of Termination Payment. Contractor shall submit an invoice to Owner for the Termination Payment with the supporting information and documentation of any fees or expenses claimed by Contractor pursuant to Section 12.4.1. Upon review and agreement that such invoice is proper, Owner shall pay such invoice within thirty (30) days after its receipt of same unless it disputes in good faith certain elements thereof, in which event only the undisputed portion of the Termination Payment need be made within such thirty (30) day period; provided, that payments for termination under Section 12.3 shall be due Contractor within thirty (30) days after receipt of a substantiated invoice and Owner’s receipt of any and all Equipment and Work under Sections 12.3 and 12.5. As a condition precedent to receiving any Termination Payment, Contractor shall comply with Section 12.5 in its entirety.
Appears in 4 contracts
Samples: Procurement and Construction Agreement, Procurement and Construction Agreement, Procurement and Construction Agreement
