STOP NOTICES. Contractor must promptly pay its Subcontractors in accordance with the subcontract requirements and California prompt payment statutes. If any stop notice or other claim is served, filed or recorded in connection with the Work, City shall have the option, in its sole discretion, to permit Contractor immediately and at its own expense obtain a bond executed by a good and sufficient surety, in accordance with Civil Code section 9364, in a sum equal to one hundred twenty-five percent (125%) of the amount of such stop notice or claim. Such bond shall guarantee the payment of any amounts which the claimant may recover on the stop notice or claim, together with the claimant’s costs of suit in any action to enforce such stop notice or claim if the claimant recovers therein. This remedy shall be in addition to all other rights and remedies of City under the Contract Documents and applicable law, including, without limitation, the right to withhold funds from sums due to Contractor. Contractor shall timely notify City of Contractor's receipt of any stop notice or other third-party claim, valid or invalid, relating to the Contract Documents.
STOP NOTICES. 11.3.1 If, in the opinion of the Authority or the relevant School Entity, the Contractor or a Contractor Related Party is not at any time during
11.3.2 The Contractor shall comply immediately with any Stop Notice issued pursuant to clause 11.3.1.
11.3.3 If the Authority or the relevant School Entity issues a Stop Notice, the Authority orshall or shall procure that the relevant School Entity shall, not later than the next Business Day following the day on which such Stop Notice was given, confirm in writing to the Contractor:
11.3.3.1 the fact that the Stop Notice was given and the time at which it was given;
11.3.3.2 the nature and extent of the Stop Notice;
11.3.3.3 what was, in the opinion of the Authority or the relevant School Entity, the disruption to or interference with the examinations; and
11.3.3.4 any other relevant information.
STOP NOTICES. 6.1 VIRNETX shall have the right, at any time and subject to the payment to IPVALUE of the Stop Notice Fee, to direct IPVALUE to cease any work or effort with respect to any Approved Counterparty, by written notice to IPVALUE ("Stop Notice"). Such Stop Notice shall become effective five (5) Business Days after receipt of such Stop Notice by IPVALUE. Either party may request a meeting with the other party to discuss the Stop Notice.
6.2 Representatives of IPVALUE and VIRNETX shall meet (in person or telephonically) within five (5) Business Days of a request by either party for a meeting to discuss a Stop Notice. In the event either party proposes an amendment to the strategy to license the Approved Counterparty, the other party shall give due consideration to the same and may accept or reject such amendment. Within two (2) days after such meeting, VIRNETX shall either withdraw or confirm the Stop Notice by providing written notice of the Stop Notice to IPVALUE, and if VIRNETX confirms the Stop Notice, IPVALUE shall cease efforts to license the Approved Counterparty; such third party shall be a VIRNETX Excluded Party (“VIRNETX Excluded Party”) and deemed excluded from the then-current list of Approved Counterparties until such time as that third party is again added as an Approved Counterparty in accordance with Section 5 of this Agreement; and, if not yet paid, VIRNETX shall pay the applicable Stop Notice Fee. Nothing herein prevents VIRNETX or its Affiliates from licensing or asserting the VIRNETX patents to or against any VIRNETX Excluded Parties.
STOP NOTICES. Buyer’s Other Work Seller agrees to coordinate its work with any existing or planned work of Xxxxx.
STOP NOTICES. For What Projects: Residential properties of four or less units only. NMSA § 48-2A-2 (“Stop Notice Act”). The statute explains the purpose of the Act: Whom Do You Serve: To exercise stop notice rights, a stop notice claimant must serve a preliminary notice of right to lien upon the owner and construction lender within twenty (20) days after first furnishing materials or labor to the project. NMSA § 48-2A-5(B). Service can be accomplished by personal service (“hand delivery”) or by mail, with a return receipt requested. NMSA § 48-2A-5(B), incorporating Contents: A stop notice will not be effective unless it is signed under oath by the claimant or the claimant’s agent, accompanied by a bond equal to one hundred and twenty-five (125%) percent of the claim stated in the stop notice (pursuant to NMSA § 48-2A-7.A-B), states the name of the claimant, the date of filing the preliminary notice, the date the claimant served his request for payment on the original con- tractors, a description of the labor or materials furnished or agreed to be furnished, the name of the party who ordered the labor or accepted the materials, the total costs of the labor or materials furnished to the project to date, the balance of the money due, and a demand on the construction lender, if any, or the owner if there is no construction lender, to withhold a sufficient amount of money from the loan funds to satisfy the stop notice demand amount. NMSA § 48-2A-5.A(1)-(10).
STOP NOTICES. Owner is withholding $ as required by California law as a result of stop notices filed on the Project. As of the date of this Agreement, outstanding stop notices filed on the Project amount to $ , said amount including an additional 25% above the face value of the outstanding stop notices in accordance with State law. Owner will release these funds upon (1) receipt by Owner of a valid, unconditional stop notice release in the form required by California law, or (2) receipt by the City of a valid stop notice release bond from Surety.
STOP NOTICES. The Authority, at its sole discretion, may, at any time, retain out of any amounts due the Contractor, sums sufficient to cover claims filed pursuant to Section 9358 et seq. of the California Civil Code.
STOP NOTICES. The COUNTY, by and through the ENGINEER or other appropriate COUNTY officer or officers, may at its option and at any time retain out of any amounts due CONTRACTOR, sums sufficient to cover claims filed pursuant to Section 3179 et seq. of the Civil Code.
STOP NOTICES. Without limiting any other obligation herein, Tenant shall defend, indemnify and hold harmless Landlord in any action relating to any stop notice relating to any work performed by Tenant on the Premises.
STOP NOTICES. DBT must promptly pay its Subcontractors in accordance with the subcontract requirements and California prompt payment statutes. If any stop notice or other claim is served, filed or recorded in connection with the Work, City shall have the option, in its sole discretion, to permit DBT immediately and at its own expense obtain a bond executed by a good and sufficient surety, in accordance with Civil Code section 9364, in a sum equal to one hundred twenty-five percent (125%) of the amount of such stop notice or claim. Such bond shall guarantee the payment of any amounts which the claimant may recover on the stop notice or claim, together with the claimant’s costs of suit in any action to enforce such stop notice or claim if the claimant recovers therein. This remedy shall be in addition to all other rights and remedies of City under the Contract Documents and applicable law, including, without limitation, the right to withhold funds from sums due to DBT. DBT shall timely notify City of DBT's receipt of any stop notice or other third-party claim, valid or invalid, relating to the Contract Documents.
