Retainage Disbursements. (a) The amount of each disbursement shall be subject to Retainage in accordance with the provisions of the General Construction Contract, which Retainage shall be ten percent (10%) of costs incurred under the General Construction Contract until the Project is fifty percent (50%) completed and five percent (5%) thereafter.
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Retainage Disbursements. (a) The amount of each disbursement shall Disbursement will be subject to Retainage in accordance with the provisions of the General Construction Contract, which Retainage shall will be ten percent (10%) of costs incurred under the General Construction Contract until the Project is fifty percent (50%) completed and five percent (5%) thereafterContract.
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Samples: Construction and Mini Perm Loan Agreement (HMG Courtland Properties Inc)
Retainage Disbursements. (a) The amount of each disbursement shall Disbursement will be subject to Retainage in accordance with the provisions of the General Construction Contract, which Retainage shall be ten percent (10%) of costs incurred under the General Construction Contract until the Project is fifty percent (50%) completed and five percent (5%) thereafter.
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Samples: Construction Loan Agreement (Investors Real Estate Trust)
Retainage Disbursements. (a) The amount of each disbursement shall Disbursement will be subject to Retainage in accordance with the provisions of the General Construction Contract, which Retainage shall will be ten five percent (105%) of costs incurred under the General Construction Contract until the Project is fifty percent (50%) completed and five percent (5%) thereafterContract.
Appears in 1 contract
Samples: Construction and Mini Perm Loan Agreement (Cottonwood Multifamily Opportunity Fund, Inc.)
