Common use of Retention of Sums Charged Against Contractor Clause in Contracts

Retention of Sums Charged Against Contractor. It is mutually understood and agreed that when under any provision of this Contract the District shall charge any sums of money against the Contractor, the amount of such charge shall be deducted and retained by the District from the amount of the next succeeding progress estimate, or from any other monies due or that may become due the Contractor on account of the Contract. If on completion or termination of the Contract such monies due the Contractor are found insufficient to cover the District's charges against the Contractor, the District shall have the right to recover the balance from the Contractor or the Contractor’s Sureties.

Retention of Sums Charged Against Contractor. It is mutually understood and agreed that when under any provision of this Contract Agreement the District shall charge any sums of money against the Contractor, the amount of such charge shall be deducted and retained by the District from the amount of the next succeeding progress estimate, or from any other monies due or that may become due the Contractor on account of the ContractAgreement. If on completion or termination of the Contract Agreement such monies due the Contractor are found insufficient to cover the District's charges against the Contractor, the District shall have the right to recover the balance from the Contractor or the Contractor’s Suretiessureties.

Retention of Sums Charged Against Contractor. It is mutually understood and agreed that when when, under any provision of this Contract Contract, the District shall charge any sums of money against the Contractor, the amount of such charge shall be deducted and retained by the District from the amount of the next succeeding progress estimateLease Payment, or from any other monies due or that may become due the Contractor on account of the Contract. If on completion or termination of the Contract such monies due the Contractor are found insufficient to cover the District's charges against the Contractor, the District shall have the right to recover the balance from the Contractor or the Contractor’s Sureties.

Retention of Sums Charged Against Contractor. It is mutually understood and agreed that when under any provision of this Contract Contract, the District shall charge any sums of money against the Contractor, the amount of such charge shall be deducted and retained by the District from the amount of the next succeeding progress estimate, or from any other monies due or that may become due the Contractor on account of the Contract. If on completion or termination of the Contract such monies due the Contractor are found insufficient to cover the District's ’s charges against the Contractor, the District shall have the right to recover the balance from the Contractor or and/or the Contractor’s Sureties.