Common use of Reduction in Amount of Claim Clause in Contracts

Reduction in Amount of Claim. The amount otherwise due Contractor under this Article 27 shall be reduced by (a) the amount of any valid Claim which Owner may have against Contractor in connection with this Contract and (b) the agreed price for, or the proceeds of sale of, Equipment and Materials, supplies or other things previously paid for by Owner and to be retained by Contractor or sold by Contractor (with the proceeds being retained by Contractor), pursuant to the provisions of this Article 27.

Reduction in Amount of Claim. The amount otherwise due Contractor under this Article 27 shall be reduced by (a) the amount of any valid Claim which Owner may have against Contractor in connection with this Contract and (b) the agreed price for, or the proceeds of sale of, Equipment and Materialsmaterials, supplies or other things previously paid for by Owner and to be retained by Contractor or sold by Contractor (with the proceeds being retained by Contractor), pursuant to the provisions of this Article 27.

Reduction in Amount of Claim. The amount otherwise due Contractor under this Article 27 Section 12.1 shall be reduced by by: (a) the amount of any valid Claim claim which Owner Concessionaire may have against Contractor in connection with this Contract Contract; and (b) the agreed price for, or the proceeds of sale of, Equipment and Materials, supplies or other things previously paid for by Owner Concessionaire and to be retained by Contractor or sold by Contractor (with the proceeds being retained by Contractor), pursuant to the provisions of this Article 27Section 12.1.