Common use of SECURITY OF PAYMENT Clause in Contracts

SECURITY OF PAYMENT. 19.1 The parties agree that for the purposes of any adjudication under the Security of Payment Act in relation to the Contract or the Goods: (a) the prescribed appointor shall be the Chairperson from time to time of the Institute of Arbitrators and Mediators in the State or Territory in which the Goods are supplied; (b) the amount set out in a certificate given by PIC under clause 11.7 is the amount of the ‘progress payment’ calculated in accordance with the terms of the Contract to which the Supplier is entitled; and (c) the date under clause 11.1 on which the Supplier must claim payment is the ‘reference date’.

Appears in 3 contracts

Samples: Purchase Order Agreement, Purchase Order Agreement, Purchase Order Agreement

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SECURITY OF PAYMENT. 19.1 21.1 The parties agree that for the purposes of any adjudication under the Security of Payment Act in relation to the Contract or the GoodsServices: (a) the prescribed appointor shall be the Chairperson from time to time of the Institute of Arbitrators and Mediators in the State or Territory in which the Goods Services are suppliedperformed; (b) the amount set out in a certificate given by PIC under clause 11.7 12.7 is the amount of the ‘progress payment’ calculated in accordance with the terms of the Contract to which the Supplier is entitled; and (c) the date under clause 11.1 12.1 on which the Supplier must claim payment is the ‘reference date’.

Appears in 3 contracts

Samples: Purchase Order Agreement, Purchase Order, Purchase Order Agreement

SECURITY OF PAYMENT. 19.1 22.1 The parties agree that for the purposes of any adjudication under the Security of Payment Act in relation to the Contract or the GoodsServices: (a) the prescribed appointor shall be the Chairperson from time to time of the Institute of Arbitrators and Mediators in the State or Territory in which the Goods Services are suppliedperformed; (b) the amount set out in a certificate given by PIC under clause 11.7 is the amount of the ‘progress payment’ calculated in accordance with the terms of the Contract to which the Supplier is entitled; and (c) the date under clause 11.1 on which the Supplier must claim payment is the ‘reference date’.

Appears in 2 contracts

Samples: Purchase Order Agreement, Purchase Order Agreement

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SECURITY OF PAYMENT. 19.1 22.1 The parties agree that for the purposes of any adjudication under the Security of Payment Act in relation to the Contract or the GoodsServices: (a) the prescribed appointor appointer shall be the Chairperson from time to time of the Institute of Arbitrators and Mediators in the State or Territory in which the Goods Services are suppliedperformed; (b) the amount set out in a certificate given by PIC under clause 11.7 is the amount of the ‘progress payment’ calculated in accordance with the terms of the Contract to which the Supplier is entitled; and (c) the date under clause 11.1 on which the Supplier must claim payment is the ‘reference date’.

Appears in 1 contract

Samples: Purchase Order Agreement

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