Common use of Security of Payment Legislation Clause in Contracts

Security of Payment Legislation. The Contractor agrees with the Principal that: a payment claim submitted to the Contract Administrator under clause 11.2 which also purports to be (or is by law) a payment claim under the relevant Security of Payment Legislation is received by the Contract Administrator as agent for the Principal; unless otherwise notified to the Contractor by the Principal in writing, the Contract Administrator will give payment statements and carry out all other functions of the Principal under the relevant Security of Payment Legislation as the agent of the Principal; to the extent permitted by and for the purposes of the relevant Security of Payment Legislation, the "reference dates" are those of the dates prescribed in clause 11.2(a) and 11.2(b) on which the Contractor has satisfied the requirements of clause 11.3(a); and a reference to a "payment statement" is also a reference to a "payment schedule" for the purposes of the relevant Security of Payment Legislation.

Appears in 2 contracts

Samples: Medium Works Contract, Medium Works Contract

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Security of Payment Legislation. The Contractor Consultant agrees with the Principal that: a payment claim submitted to the Contract Administrator under clause 11.2 9.2 which also purports to be (or is by at law) a payment claim under the relevant Security of Payment Legislation is received by the Contract Administrator as agent for the Principal; unless otherwise notified to the Contractor Consultant by the Principal in writing, the Contract Administrator will give payment statements and carry out all other functions of the Principal under the relevant Security of Payment Legislation as the agent of the Principal; to the extent permitted by and for the purposes of the relevant Security of Payment Legislation, the "reference dates" are those of the dates prescribed in clause 11.2(aclauses 9.2(a) and 11.2(b(b) on which the Contractor Consultant has satisfied the requirements of clause 11.3(a9.3(a); and a reference to a "payment statement" is also a reference to a "payment schedule" for the purposes of the relevant Security of Payment Legislation.

Appears in 1 contract

Samples: Design Services Contract

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Security of Payment Legislation. The Contractor Consultant agrees with the Principal that: a payment claim submitted to the Contract Administrator under clause 11.2 9.2 which also purports to be (or is by at law) a payment claim under the relevant Security security of Payment Legislation payment legislation is received by the Contract Administrator as agent for the Principal; unless otherwise notified to the Contractor Consultant by the Principal in writing, the Contract Administrator will give payment statements and carry out all other functions of the Principal under the relevant Security security of Payment Legislation payment legislation as the agent of the Principal; to the extent permitted by and for the purposes of the relevant Security security of Payment Legislationpayment legislation, the "reference dates" are those of the dates prescribed in clause 11.2(aclauses 9.2(a) and 11.2(b(b) on which the Contractor Consultant has satisfied the requirements of clause 11.3(a9.3(a); and a reference to a "payment statement" is also a reference to a "payment schedule" for the purposes of the relevant Security security of Payment Legislationpayment legislation.

Appears in 1 contract

Samples: Design Services Contract

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