Examples of Notice of Request for Progress Payment in a sentence
Prior to being entitled to any Progress Payment Seller shall submit a Notice of Request for Progress Payment in the form attached hereto as Exhibit A and in substance satisfactory to Buyer, that meets all of the requirements of this Section 3.3.
Buyer shall have received a Notice of Request for Progress Payment in compliance with Section 3.3 (“Notice of Request for Progress Payment”), together with all supporting documents.
A Progress Payment (if any) shall, subject to Buyer’s review as set forth herein, be paid by Buyer in accordance with Appendix I and this article 3 within 30 days after submission of a Notice of Request for Progress Payment that meets the requirements of this Article and satisfaction of the conditions precedent set forth in Section 3.2 (“Conditions Precedent”).
Buyer may also inform Seller as to whether Buyer disputes any portion of the Notice of Request for Progress Payment due to the failure of Seller (or the Contractor or any Subcontractor) to complete the Work covered by such Notice of Request for Progress Payment, and Buyer may withhold such portion of due under Seller’s invoice in the amount reasonably necessary to complete such portion of the Work in accordance with Seller’s Notice of Request for Progress Payment and this Agreement.
If PacifiCorp disputes all or any portion of the Notice of Request for Progress Payment, then PacifiCorp may, in its discretion, withhold such portion of the Progress Payment requested by Developer in the Notice of Request for Progress Payment as PacifiCorp, in its discretion, determines may be reasonably necessary to complete any portion of the Work in accordance with the Notice of Request for Progress Payment and this Agreement.
PacifiCorp shall have received a Notice of Request for Progress Payment in compliance with Section 3.4, together with all supporting documents required thereby.
It shall be a condition precedent to PacifiCorp’s obligation to make any Progress Payment pursuant to Section 3.2(a), that Developer deliver to PacifiCorp a Notice of Request for Progress Payment that satisfies all of the requirements of this Section 3.4 and that is otherwise in form and substance reasonably satisfactory to PacifiCorp.
Payment of the disputed portion of any Notice of Request for Progress Payment shall be made by PacifiCorp within ten (10) Business Days following the date on which the Parties mutually agree upon resolution of such dispute or such dispute is finally resolved pursuant to Section 32.2. In no event shall any action taken by PacifiCorp in compliance with this ARTICLE 3 affect the Guaranteed Substantial Completion Date for the Facility.
Prior to being entitled to any Progress Payment, Seller shall submit a Notice of Request for Progress Payment in the form attached hereto as Exhibit A and in substance satisfactory to Buyer, that meets all of the requirements of this Section 3.3.
Upon receipt of notice from PacifiCorp that a Notice of Request for Progress Payment is disputed, Developer shall promptly take any and all reasonable actions as may be necessary to remedy any condition identified by PacifiCorp leading to such dispute.