Common use of Respective Payment Responsibility Clause in Contracts

Respective Payment Responsibility. Owners shall be severally, not jointly, liable for the payments due hereunder; provided, however, that GPC shall act on behalf of all Owners for purposes of the receipt of invoices and aggregating the payments received from the Owners prior to making payment in accordance with the provisions of this Agreement. Each individual Owner is responsible for that percentage of payments due hereunder that is equivalent to such individual Owner’s respective ownership interest percentage in the Project at the time such payment obligation accrues. In the event that an Owner does not pay in full the amount that is due from such Owner, and another Owner does not make such payment on behalf of such non-paying Owner, GPC shall notify Service Provider no later than the due date for the payment of the identity of the Owner(s) that did not pay in full and the amount of such shortfall in payment from such Owner(s).

Respective Payment Responsibility. Owners shall be severally, not jointly, liable for the payments due hereunder; provided, however, that GPC shall act on behalf of all Owners for purposes of the receipt of invoices and aggregating the payments received from the Owners prior to making payment of the Contract Price in accordance with the provisions of this Agreement. Each individual Owner is responsible for that percentage of payments due hereunder the Contract Price that is equivalent to such individual Owner’s respective ownership interest percentage in the Project Ownership Interest at the time such payment obligation accrues. In the event that an Owner does not pay in full the amount that is due from such Owner, and another Owner does not make such payment on behalf of such non-paying Owner, GPC shall notify Service Provider Contractor no later than the due date for the payment of the identity of the Owner(s) that did not pay in full and the amount of such shortfall in payment from such Owner(s).