Additional Owner Payments definition

Additional Owner Payments has the meaning given to it in the Construction Contract.
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Additional Owner Payments means amounts payable to the Contractor which are payable pursuant to any Change Order or Change Directive under which the Owner is expressly responsible for an increase to the Guaranteed Price which includes without limitation any cost arising out of a Change in the Scope of the Work initiated by the Owner under GC 6.1 – CHANGES or any payments to be made by the Owner pursuant to GC
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Additional Owner Payments means amounts payable to the Contractor which are payable pursuant to any Change Order or Change Directive under which the Owner is expressly responsible for an increase to the Guaranteed Price which includes without limitation any cost arising out of a Change in the Scope of the Work initiated by the Owner under GC 6.1 – CHANGES or any payments to be made by the Owner pursuant to GC 6.4 – CONCEALED OR UNKNOWN CONDITIONS or any payments to be made by the Owner pursuant to GC 6.5 – DELAYS or any other payments to be made by the Owner, which, pursuant to the express provisions of the Contract, are to be paid as Additional Owner Payments.
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Examples of Additional Owner Payments in a sentence

  • Unless otherwise provided in the relevant Change Order or Change Directive or in the Construction Contract, Hospital will pay all Additional Owner Payments to Contractor on a progress payment basis in the manner and at the times contemplated by the Construction Contract.

  • The Consultant will issue a certificate for payment to the Owner of Additional Owner Payments payable by the Owner in respect to the application for payment from the Contractor in the amount applied for or in such other amount as the Consultant determines to be properly due.

  • Owner agrees to pay the Additional Owner Payments as Project Co may direct in accordance with any such direction.

  • Contemporaneously, the Consultant will issue a certificate for payment to Project Co of Additional Owner Payments payable by Project Co with respect to the application for payment from Contractor in the amount applied for or in such other amount as the Consultant determines to be properly due.

  • All monthly progress payments for the period following the Substantial Performance Date shall be paid by the Owner and shall be deemed to be Additional Owner Payments.

  • Base Progress Payments means all progress payments to be made under GC 5.4 – PROGRESS PAYMENTS for the period from the commencement of the Work to, in the case of the Interim Work, the Interim Completion Date and with respect to the balance of the Work, the Substantial Performance Date in respect to the Guaranteed Price but not including any progress payment in respect to the Additional Owner Payments.

  • Contemporaneously, the Consultant will issue a certificate for payment to Project Co of Additional Owner Payments payable by Project Co with respect to the application for payment from Contractor in the amount applied for or in such other amount as the Consultant determines to be properly due, a copy of which shall be provided to Contractor and the Lender’s Consultant.

  • For greater certainty, Section 4.6(a) of this Schedule B shall be without prejudice to any liability of the Owner to pay any outstanding Additional Owner Payments to the extent a deduction for any such amounts has been made under Section 2.1(b)(i) of this Schedule B.

  • Hospital will pay all Additional Owner Payments to Contractor on a progress payment basis in the manner and at the times contemplated by the Construction Contract.

  • The application for payment shall separately state the value of the Work performed in respect to Change Orders the payment of which the Owner is responsible for and which are included within Additional Owner Payments.

Related to Additional Owner Payments

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Delta Payment means as it is described in this Agreement.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Upper payment limit means the maximum ceiling imposed by

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • relevant payment means either a student loan or an amount intended for the maintenance of dependants referred to in paragraph 76(7) or both.

  • principal contractor means an employer appointed by the client to perform construction work;

  • Pass-Through Expenses means reasonable and actual out-of-pocket expenses incurred by Contractor for equipment, materials, supplies or other Services provided to LAUSD, but not including Contractor’s overhead costs, administrative expenses or other mark-ups.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Transfer Payment Received As defined in Section 4.03.

  • Additional Servicing Fee means, for any Collection Period, if a successor Servicer has been appointed pursuant to Section 8.2 of the Sale and Servicing Agreement, the amount, if any, by which (i) the compensation payable to such successor Servicer for such Collection Period exceeds (ii) the Monthly Servicing Fee for such Collection Period.

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Apportioned Obligations has the meaning set forth in Section 5.2(b).

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • Additional Fee means a fee, in addition to the licence fee, imposed by the municipality on a business at any time during the term of the licence for costs incurred by the municipality attributable to the activities of the business;

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Additional Fees means, where applicable, those fees and charges for the Additional Goods/Services and additional costs and levies required from time to time and notified to you in advance, to provide adequately for the education and related activities and services provided to your Child/the Student, including but not limited to the costs of extra-curricular activities or special educational needs.

  • Earnout Payment has the meaning set forth in Section 2.3(b).