Common use of Payment Withholding Clause in Contracts

Payment Withholding. XXXXXXX agrees that the reporting and record keeping requirements specified in this Agreement are a material element of performance and that if, in the opinion of DWS, XXXXXXX’S record keeping practices and/or reporting to DWS are not conducted in a timely and satisfactory manner, DWS may withhold part or all payments under this or any other Agreement until such deficiencies have been remedied. In the event of the payment(s) being withheld, XXX agrees to notify GRANTEE of the deficiencies that must be corrected in order to bring about the release of withheld payment.

Payment Withholding. XXXXXXX agrees that the reporting and record keeping requirements specified in this Agreement are a material element of performance and that if, in the opinion of DWS, XXXXXXX’S record keeping practices and/or or reporting to DWS are not conducted in a timely and satisfactory manner, DWS may withhold part or all payments under this or any other Agreement until such deficiencies have been remedied. In the event of the payment(s) being withheld, XXX agrees to notify GRANTEE of the deficiencies that must be corrected in order to bring about the release of withheld payment.

Payment Withholding. XXXXXXX agrees that the reporting and record keeping requirements specified in this Agreement Grant are a material element of performance and that if, in the opinion of DWS, XXXXXXX’S record keeping practices and/or reporting to DWS are not conducted in a timely and satisfactory manner, DWS may withhold part or all payments under this or any other Agreement Grant until such deficiencies have been remedied. In the event of the payment(s) being withheld, XXX agrees to notify GRANTEE of the deficiencies that must be corrected in order to bring about the release of withheld payment.