Examples of Retainage Payment Date in a sentence
The Owner’s rights under Part II, Section 4.5 or any other provision of the Contract shall not be abrogated by, but shall be in addition to the Owner’s rights to retain the Retainage identified in Part I, Section 1.9. Upon satisfaction of the conditions to payment of the Retainage, the Owner will pay the Retainage to the Contractor by the Retainage Payment Date identified in Part I, Section 1.10, less any amount retained pursuant to Part II, Section 4.5 of the Contract.