Pay Less Notice definition
Examples of Pay Less Notice in a sentence
Effect of Certificates The failure to issue a Pay Less Notice where a right to withhold would otherwise exist shall not be construed as a waiver of the right to withhold any sum at any time.
The Company may on any subsequent Interim Application or any subsequent payment notice issued pursuant to sub clause 11.6 or, in any subsequent Pay Less Notice, delete, correct or modify any previous Notified Sum certified to be due.
If the Client fails to serve a notice in accordance with this clause then, subject to the Client serving a Pay Less Notice, the amount to be paid by the Client shall be the amount stated in the Consultant’s invoice for the instalment.
Where any Pay Less Notice is given, the payment to be made on or before the relevant Final Date shall be not less than the amount stated as due in such notice.
Set‑Off Whenever any sum of money shall be agreed, or determined, as due and payable by hubco to the Authority, such sum may at the Authority's discretion be deducted from or applied to reduce the amount of any sum then due, or which at any time afterwards may become due, to hubco from the Authority under this Agreement provided that the Authority has issued a Pay Less Notice.