Legislative Holdback definition

Legislative Holdback means the holdback to be maintained under Part IV of the Construction Lien Act (Ontario).
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Legislative Holdback means the basic holdback to be retained pursuant to section 22(1) of the CA. For greater certainty, the amount of the holdback required by Part IV of the CA may be reduced by the amount of the holdback which has been paid by DB Co or the Construction Contractor in respect of Subcontracts certified complete under Section 33 of the CA in accordance with Section 25 of the CA.
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Legislative Holdback means the holdback(s) to be retained under Section 18(1) of the BLA. 1.611 “Legislative Holdback Payment” means the payment described in Section 1.5 [Legislative Holdback Payment] of Schedule 16 [Payment Mechanism].
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Examples of Legislative Holdback in a sentence

  • Contracting Authority agrees to pay the Legislative Holdback as Project Co may direct in accordance with any such direction.

  • Project Co acknowledges and agrees that payment by Contracting Authority of the Legislative Holdback in accordance with this Section 4.5 as Project Co may direct, constitutes payment by Contracting Authority to Project Co in satisfaction of Contracting Authority’s obligation to pay the Legislative Holdback to Project Co under this Project Agreement and in satisfaction of any trust obligation of Contracting Authority with respect to such payments under section 7 of the CLA pursuant to section 10 of the CLA.

  • For greater certainty, the Parties acknowledge that the Interim Reimbursement Payment is net of any Legislative Holdback required to be maintained by Owner.

  • Project Co acknowledges and agrees that payment by Contracting Authority of the Legislative Holdback in accordance with this Section 4.5 as Project Co may direct, constitutes payment by Contracting Authority to Project Co in satisfaction of Contracting Authority’s obligation to pay the Legislative Holdback to Project Co under this Project Agreement and in satisfaction of any trust obligation of Contracting Authority with respect to such payments under Section 7 of the CLA pursuant to Section 10 of the CLA.

  • The CTC agrees to pay the Legislative Holdback as Project Co may direct in accordance with any such direction.

  • Project Co acknowledges and agrees that payment by the CTC of the Legislative Holdback in accordance with this Section 4.5 as Project Co may direct, constitutes payment by the CTC to Project Co in satisfaction of the CTC’s obligation to pay the Legislative Holdback to Project Co under this Project Agreement and in satisfaction of any trust obligation of the CTC with respect to such payments under Section 7 of the CLA pursuant to Section 10 of the CLA.

  • HMQ agrees to pay the Legislative Holdback as Project Co may direct in accordance with any such direction.

  • The College agrees to pay the Legislative Holdback as Project Co may direct in accordance with any such direction.

  • Project Co acknowledges and agrees that payment by the College of the Legislative Holdback in accordance with this Section 4.5 as Project Co may direct, constitutes payment by the College to Project Co in satisfaction of the College’s obligation to pay the Legislative Holdback to Project Co under this Project Agreement and in satisfaction of any trust obligation of the College with respect to such payments under Section 7 of the CLA pursuant to Section 10 of the CLA.

  • The City agrees to pay the Legislative Holdback Payment as Project Co may direct in accordance with any such direction.

Related to Legislative Holdback

  • Legislative body means the municipal council.

  • Legislative action means the development, drafting, introduction, consideration, modification, adoption, rejection, review, enactment or defeat of any bill, resolution, amendment, report, nomination, proposed administrative rule or other matter by the legislature or by either house or any committee, subcom- mittee, joint or select committee thereof, or by a legislator or employee of the legislature acting in an official capacity. “Legis- lative action” also means the action of the governor in approving or vetoing any bill or portion thereof, and the action of the gover- nor or any agency in the development of a proposal for introduc- tion in the legislature.

  • Legislative Assembly means the Legislative Assembly constituted under the provisions of Article 44.

  • Legislative or administrative interest means an economic interest, distinct from that of the general public, in:

  • Legislative authority means, with respect to a regional transit authority, the board of trustees thereof, and with respect to a county that is a transit authority, the board of county commissioners.

  • Local legislative body means a common council, village board of trustees or town board of supervisors.

  • Legislative Leadership Committee means a committee established, authorized to be established, or designated by the President of the Senate, the Minority Leader of the Senate, the Speaker of the General Assembly, or the Minority Leader of the General Assembly pursuant to N.J.S.A. 19:44A-10.1 for the purpose of receiving contributions and making expenditures.

  • parent mixed financial holding company in a Member State means a mixed financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in that same Member State;

  • parent financial holding company in a Member State means a financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in the same Member State;

  • Legislator means any person holding office in the Senate or the House of Representatives of the Louisiana Legislature which is filled by the vote of the appropriate electorate.

  • Law 11/2015 means Law 11/2015 of 18 June, on recovery and resolution of credit institutions and investment firms (Ley 11/2015, de 18 de junio, de recuperación y resolución de entidades de crédito y empresas de servicios de inversión) as amended or replaced from time to time.

  • Applicable Public Official or State Employee means any public official or state employee described in

  • Aboriginal child means a child who is an Aboriginal person

  • Indian child means any unmarried person who is under age eighteen and is either (a) a member of an Indian tribe or (b) is eligible for membership in an Indian tribe and is the biological child of a member of an Indian tribe;

  • Legislative office means the office of state senator, state representative, speaker

  • Area Median Income means the most recent applicable county median family income published by the California Tax Credit Allocation Committee.

  • Labour Relations Act means the Labour Relations Act, 1995 (Act No. 66 of 1995);

  • Foreign Government Scheme or Arrangement has the meaning specified in Section 5.12(d).

  • Consult collegially means that the district governing board shall develop policies on academic and professional matters through either or both of the following methods, according to its own discretion:

  • Investor Relations Activities means any activities, by or on behalf of the Company or a shareholder of the Company, that promote or reasonably could be expected to promote the purchase or sale of securities of the Company, but does not include:

  • Grandparent means the parent of an Employee’s Parent.

  • Stepchild means a child of the surviving, deceased, or former spouse of the testator or of the donor of a power of appointment, who is not the testator's or donor's child.

  • State Budget Director means the individual appointed by the Governor pursuant to Section 321 of The Management and Budget Act, 1984 PA 431, MCL 18.1321.

  • Stepparent means a person who is not the parent of the dependent child, but is the legal spouse of the dependent child’s parent by ceremonial or common-law marriage.

  • Labour Commissioner means the individual appointed as Labour Commissioner in terms of in section 120;

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);