Final Completion Payment definition

Final Completion Payment means the payment (if any) specified as such in the Contract Sum Payment Chart;
Sample 1Sample 2Sample 3
Final Completion Payment has the meaning set forth in Section 3.3(e).
Sample 1Sample 2Sample 3
Final Completion Payment means the Milestone Payment associated with the achievement of Final Completion, which shall be equal to [***].
Sample 1Sample 2Sample 3

Examples of Final Completion Payment in a sentence

  • Upon satisfaction of all Purchaser Closing Conditions Precedent, Purchaser will have sufficient cash on hand or other sources of, or access to, immediately available funds to enable it to pay the Contract Price , including making the Final Completion Payment and consummating the Transactions.

  • If the Owner Representative is not satisfied, the Owner Representative shall return the Final Completion Payment Request to the Design-Builder, indicating in writing the reasons for not recommending payment, in which case the Design-Builder shall either (1) exercise its right to contest the Owner Representative’s determination in accordance with Section 34.3.(E), or (2) make the necessary corrections and resubmit the Final Completion Payment Request.

  • Upon its application for the Final Completion Payment, Contractor shall deliver to Owner (i) a Final Lien Waiver from Contractor in the form of Exhibit F-3 and (ii) a Final Lien Waiver from all Subcontractors in the form of Exhibit F-4.

  • Once any disputes in accordance with Section 2.5.3 have been resolved between the Parties or determined by the Independent Accountant, then the Post-Closing Adjustment will be promptly paid to the Party entitled to receive it as part of the Final Completion Payment, together with interest at the Interest Rate from the Closing Date to the date of payment of the Post-Closing Adjustment.

  • Contractor’s acceptance of any payment (including the Final Completion Payment), and Owner’s payment of any amount under dispute, shall not be deemed to constitute a waiver of amounts that are then in dispute.

  • As soon as reasonably practicable (but in no event later than 45 days after the City’s original receipt of the Design-Builder’s Final Completion Payment Request, subject to the City’s right to dispute payment in accordance with this Design-Build Contract and Applicable Law) after filing such notice, the City shall pay to the Design-Builder the balance of the Stage 2 Design-Build Price, subject to any withholdings and any other provisions governing final payment specified herein.

  • In connection with the achievement of Final Completion in accordance with Section 33.4., the Design-Builder shall prepare and submit to the City and the Owner Representative a Final Completion Payment Request.

  • Such accounting shall be provided by the Design-Builder in connection with the Final Completion Payment Request.


More Definitions of Final Completion Payment

Final Completion Payment. Five (5) percent of the Contract Sum upon Owner’s execution of the Certificate of Acceptance on the Project, less any amount or amounts properly withheld by Owner in accordance with the Contract Documents, until such time, if any, that such amount or amounts may be or are required to be released in accordance with the Contract Documents.
Sample 1
Final Completion Payment. [BEGIN TRADE SECRET END TRADE SECRET]
Sample 1

Related to Final Completion Payment

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Virtual Completion means the premise is in the opinion of the Employer fit for occupation.