Timely Payment by Contractor for Materials and Equipment. Contractor shall timely pay for all materials and equipment used in connection with the performance of the Work of the Project through the period covered by previous payments received from Owner or in accordance with the terms of such purchase agreements entered into by Contractor, whichever is earlier, and shall pay for labor as incurred, and shall furnish satisfactory evidence, when requested by Owner, to verify compliance with the above requirements.
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