Examples of Builders Lien Act in a sentence
The Contractor shall fully indemnify the City from and against any and all liability or expenses by way of legal costs or otherwise in respect of any claim which may be made for a lien or charge at law or inequity or to any claim or liability under the Builders Lien Act, or to any attachment for debt, garnishee process, or otherwise.
In those cases where the work is such that the Builders Lien Act does not apply or does not require the retention of a holdback, the Owner will nevertheless retain holdbacks to the same extent as if such legislation applied to the work.
The certificate shall also show the aggregate of previous payments, the amounts withheld to comply with the Builders Lien Act, and the amount, if any, of the holdback released in respect of completed subcontracts.
Except in respect of the final progress payment, the gross amount shown on such certificate, less the aggregate of all previous payments, previous sums withheld, and the amount then required to be withheld to comply with the Builders Lien Act as set out below, shall become due and be payable by the Owner to the Contractor on or before the last day of the next month.
If the Services to be performed under this Contract are subject to the holdback requirements set out in the Builders Lien Act (British Columbia) (the “Lien Act”), the City will withhold and discharge the required holdback amounts in accordance with the requirements set out in the Lien Act.