Submission of Applications for Payment Sample Clauses

Submission of Applications for Payment. By the twenty-fifth day (25th) of each month, the Design-Builder shall submit to the Program Manager itemized Applications for Payment in the form attached hereto as Exhibit K. The Design-Builder shall submit no more than one (1) Application for Payment during each month.
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Submission of Applications for Payment. By the twenty-fifth day (25th) of each month, the CM/GC shall submit to the Design Professional itemized Applications for Payment in the form attached hereto as Exhibit K. The CM/GC shall submit no more than one (1) Application for Payment during each month.
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Submission of Applications for Payment. By the fifth day (5th) of each month, but no earlier than the first (1st) day of each month, the CM/GC shall submit to the Owner itemized Applications for Payment for the previous month. The CM/GC shall submit no more than one (1) Application for Payment during each month.
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Submission of Applications for Payment. Prior to the submission of the first Application for Payment by the Contractor, PRIFA's Representative and the Contractor shall agree upon a date each month (the "Invoice Submission Date"), which shall be the same date each month, on or prior to which the Contractor shall submit, on a monthly basis, an Application for Payment in accordance with the General Conditions. Except as provided in the succeeding paragraph, in the event the Contractor fails to submit, on or prior to the 15 day following the Invoice Submission Date for any month, an Application for Payment for such month that complies with the requirements of the General Conditions, the amount of such Application for Payment shall be automatically reduced by one percent (1%) of the amount of such Application for Payment, without further act by PRIFA or the Contractor. Such reduction in the amount of any Application for Payment shall not be recoverable by the Contractor and shall constitute instead an automatic adjustment in the Contract Price binding on the Contractor. In the event the Contractor fails to submit, on or prior to the 30 t h day following the invoice Submission Date for any month, an Application for Payment for such month that complies with the requirements of the General Conditions, the amount of such Application for Payment shall be automatically reduced by two (2%) of the amount of such Application for Payment, without further act by PRIFA or the Contractor. Such reduction in the amount of any Application for Payment (a) shall be in lieu of, and not in addition to, the reduction provided in the preceding paragraph, and (b) shall not be recoverable by the Contractor and shall constitute instead an automatic adjustment in the Contract Price binding on the Contractor. All Applications for Payments shall be subject to review and approval by PRIFA's Representative and the Contracting Officer in accordance with the General Conditions. Any determination by PRIFA's Representative whether or not to recommend the issuance of a Certificate of Payment, in whole or in part, with respect to any Application for Payment shall be made in accordance with the General Conditions.
Sample 1
Submission of Applications for Payment. Prior to the submission of the first Application for Payment, the Contractor and PRIFA's Representative shall agree upon a date (the "Invoice Submission Date"), which shall be on or before the 15th day of the month following that of which the Contractor shall submit an Application for Payment in accordance with the General Conditions. All Applications for Payments shall be subject to review and approval by PRIFA's Representative and the Contracting Officer in accordance with the General Conditions. Any determination by PRIFA's Representative whether or not to recommend the issuance of a Certificate of Payment, in whole or in part, with respect to any Application for Payment shall be made in accordance with the General Conditions. PRIFA reserves the right to request from Contractor any document it deems necessary in order to process any Application for Payment, including the retainage.
Sample 1
Submission of Applications for Payment. On or before the fifteenth -------------------------------------- (15th) day of each calendar month, Contractor shall submit an Application for Payment to Owner (one (1) original and two (2) copies for Owner) and one (1) copy of such Application for Payment to the Independent Engineer describing (a) the extent of completion of the Work for the prior calendar month and (b) any value added by Work completed in the prior calendar month with respect to which Contractor is ahead of the Payment Schedule and requesting credit pursuant to Section 4.4.2(c). Each Application for payment shall be accompanied by such supporting documentation as is required by Section 4.4 hereof. Contractor warrants that title to all work, materials and equipment covered by any Application for Payment will pass to Owner no later than the time of payment, free and clear of all liens, charges, security interests and encumbrances.
Sample 1
Submission of Applications for Payment. Prior to the submission of the first Application for Payment, the Contractor and MSJ’s Representative shall agree upon a date (the “Invoice Submission Date”), which shall be on or before the 15th day of the month following that of which the Contractor shall submit an Application for Payment in accordance with the General Conditions. All Applications for Payments shall be subject to review and approval by MSJ’s Representative and the Contracting Officer in accordance with the General Conditions. Any determination by MSJ’s Representative whether or not to recommend the issuance payment, in whole or in part, with respect to any Application for Payment shall be made in accordance with the General Conditions. MSJ reserves the right to request from the Contractor any document it deems necessary in order to process any Application for Payment, including the retainage.
Sample 1
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Related to Submission of Applications for Payment

  • Denominations: Provisions for Payment The Securities shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject to Section 2.01(a)(13). The Securities of a particular series shall bear interest payable on the dates and at the rate specified with respect to that series. Subject to Section 2.01(a)(23), the principal of and the interest on the Securities of any series, as well as any premium thereon in case of redemption or repurchase thereof prior to maturity, and any cash amount due upon conversion or exchange thereof, shall be payable in the coin or currency of the United States of America that at the time is legal tender for public and private debt, at the office or agency of the Company maintained for that purpose. Each Security shall be dated the date of its authentication. Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months. The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for Securities of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest installment. In the event that any Security of a particular series or portion thereof is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Security will be paid upon presentation and surrender of such Security as provided in Section 3.03. Any interest on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (1) or clause (2) below:

  • Application of Receipts Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 (Application of receipts; partial payments).

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