Examples of Demolition Contract in a sentence
Segment information for the periods presented is as follows:Dredging Contract revenues $ 268,170 $ 275,699 Operating income 13,845 8,552 Demolition Contract revenues $ 36,015 $ 37,340 Operating income (loss) 3,272 (3,318 ) Total Contract revenues $ 304,185 $ 313,039 Operating income 17,117 5,234 In the third quarter of each year the Company performs its annual test for impairment of goodwill.
As of the Effective Time, Gramercy Buyer shall assume the Lx Xxxxx Demolition Contract.
Seller represents and warrants that, as of the Effective Date, (a) Seller has paid to the Contractor an amount equal to Fifty Thousand Six Hundred Seventy Nine and 16/100 Dollars ($50,679.16) under the Demolition Contract for the SEC Assemblage Demolition (the “Completed Payment”) and (b) the outstanding amount due under the Demolition Contract for the completion of the SEC Assemblage Demolition is Two Hundred Two Thousand Seven Hundred Fifteen and 84/100 Dollars ($202,715.84) (the “Outstanding Payment”).
During the continuance of an event of default by Demolition Contractor under the Demolition Contract (following any required notice to such Demolition Contractor and the expiration of any applicable cure period), Lender shall be entitled to withhold the portion of a Disbursement to Borrower which would be otherwise payable to the Demolition Contractor absent such event of default.
Until all work thereunder has been performed, the Demolition Contract shall remain in full force and effect, shall not have been modified without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, and no material default or event of default shall exist thereunder by Borrower.