Common use of Payments to the Architect Clause in Contracts

Payments to the Architect. 10.1 An initial payment of «zero dollars » ($ « 0 » ) shall be made upon execution of this Agreement and is the minimum payment under this Agreement. It shall be credited to the Owner’s account in the first invoice. If full credit applied to the initial invoiced amount exceeds the amount due, then the credit shall be applied to each subsequent invoice until the full credit has been exhausted; or, in the alternative, the Owner may request a refund by the Architect of the Initial payment should progress of the Services be inadequate to fully apply the credit for the initial payment to the first and immediately subsequent invoices.

Appears in 2 contracts

Samples: Standard Form of Agreement Between Owner and Architect, Standard Form of Agreement Between Owner and Architect

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Payments to the Architect. 10.1 An initial payment of «zero dollars 0 » ($ « 0 » ) shall be made upon execution of this Agreement and is the minimum Agreem payment under this Agreement. It shall be credited to the Owner’s account in the first invoice. If full credit applied invoi to the initial invoiced amount exceeds the amount due, then the credit shall be applied to each subsequent invoice ea until the full credit has been exhausted; or, in the alternative, the Owner may request a refund by the Architect of the refun Initial payment should progress of the Services be inadequate to fully apply the credit for the initial payment to the th first and immediately subsequent invoices.

Appears in 2 contracts

Samples: Standard Form of Agreement Between Owner and Architect, Standard Form of Agreement Between Owner and Architect

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