Retention Moneys definition

Retention Moneys means, if applicable under the Contract, moneys deducted by Synergy under clause A32.1.
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Retention Moneys means the sums withheld by the Employer by way of retention pursuant to Clause 68;
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Retention Moneys means the retention moneys withheld by the Principal under Clause 42.3;
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Examples of Retention Moneys in a sentence

  • If the security is not transferable by delivery it shall be accompanied by an executed transfer thereof to the Principal and the costs and expenses (including all stamp or other duties) of and incidental to the said transfer shall be borne and paid by the Contractor.” Delete sub-clause 5.7 Reduction of Security and Retention Moneys in its entirety.

  • Means either: Approved Security; or Retention Moneys, as specified in the Contract Particulars.

  • The Subcontractor must provide security to the Contractor: in the case of Approved Security: in the form of Approved Security; in the amount specified in the Subcontract Particulars for the Subcontract Works or the Stage; and within 14 days of the Award Date; or in the case of Retention Moneys, in accordance with clause 11.5(a).

  • The Subcontractor must provide security to the Contractor: in the case of Approved Security: in the form of Approved Security; in the amounts specified in the Subcontract Particulars for the Subcontract Works or a Stage; and within 14 days of the Award Date; or in the case of Retention Moneys, in accordance with clause 12.5(a).

  • Retention Moneys and Retention Security: Type here (If unspecified, 20%).

  • If, for any reason, the reserve has a value of less than the said 5 (five) percent at any time prior to the date of issue of the Substantial Completion Certificate for the Works or the Substantial Completion Certificate for the first Section to be completed (but not thereafter), further Retention Moneys up to 10 (ten) percent of the amounts due to the Contractor from time to time will be retained until the reserve is restored to 5 (five) percent of the Tender Total.

  • If Security is by way of Retention Moneys, then the Contractor may deduct the percentage stated in the Subcontract Particulars of every payment until it has accrued the percentage of the Subcontract Price stated in the Subcontract Particulars.

  • Retention Security equal to 4% of the Contract Sum in substitution of Retention Moneys (if applicable).

  • The Contractor must provide Security as set out in the Contract Particulars to the Principal: in the case of Approved Security, within 14 days of the Award Date: or in the case of Retention Moneys, in accordance with clause 11.5(a).

  • Provided that the aggregate of all sums - 91/105 - certified pursuant to this Clause 68.3(a) shall not exceed one half of the whole of the Retention Moneys.


More Definitions of Retention Moneys

Retention Moneys means as set out in Sub-Clause 5.3.
Sample 1
Retention Moneys means the sums withheld by the Authority by way of retention pursuant to Clause 68;
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Related to Retention Moneys

  • Retention Money means the accumulated retention moneys which the Procuring Entity retains under Sub-Clause

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.

  • Public moneys means all moneys belonging to, received by, or held by, the state, or any city, county, town, district, or public agency therein, or by an officer thereof acting in his or her official capacity, and includes the proceeds of all bonds and other evidences of indebtedness, trust funds held by public pension and retirement systems, deferred compensation funds held for investment by public agencies, and public moneys held by a financial institution under a trust indenture to which a public agency is a party.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Retention Bonus means an incentive bonus provided under

  • Secured Moneys means, without double counting, the aggregate of all moneys owing to the Security Trustee or to a Secured Creditor under any of the Transaction Documents provided that:

  • Application Money shall have the meaning ascribed to it in Clause 1.11; “Association” shall mean the body to be created by the Apartment Acquirers;

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Retention means a system designed to prevent the discharge of a given volume of stormwater runoff into surface waters in the state by complete on-site storage. Examples are systems such as excavated or natural depression storage areas, pervious pavement with subgrade, or above ground storage areas.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Earnings Account means, in relation to a Ship, an account in the name of the Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division);

  • Retention Period means the time period that the Customer Data is stored within the cloud storage, as specified in the product addenda.

  • Requisition Compensation includes all compensation or other moneys payable by reason of any act or event such as is referred to in paragraph (b) of the definition of “Total Loss”;

  • Securities Payment has the meaning specified in Section 16.2.]

  • Available Moneys means (1) at any time when there is no Letter of Credit in effect with respect to the Bonds, any moneys from whatever source derived (including moneys from the Borrower or the Guarantor) and (2) at any time when there is an irrevocable direct pay Letter of Credit in effect with respect to the Bonds, (A) moneys derived from drawings under a Letter of Credit that are deposited in the Letter of Credit Account that are not commingled with any other moneys, (B) moneys (other than those described in clause (2)(A)) held by the Trustee (other than in the Rebate Fund or the account described in Section 4.07(G) hereof) and subject to a first-priority perfected lien under this Indenture for a period of at least ninety-one (91) consecutive calendar days and not commingled with any moneys so held for less than said period and during and prior to which period no petition in bankruptcy was filed by or against, and no receivership, insolvency, assignment for the benefit of creditors or other similar proceeding has been commenced by or against the Borrower, the Authority or the Guarantor, (C) proceeds from the sale of the Bonds received contemporaneously with the issuance and sale or remarketing of such Bonds, (D) investment income derived from the investment of moneys described in clause (C) so long as (i) investments of such moneys are in Investment Securities rated by the Rating Agency in (a) any of the two-highest long-term rating categories; or (b) if applicable, the highest short-term rating category; and (ii) with respect to such investment earnings there has been delivered to the Trustee an opinion of nationally recognized bankruptcy counsel selected or approved by the Authority to the effect that the payment of such moneys to the holders of the Bonds would not constitute transfers avoidable under Section 547(b) of the Bankruptcy Code and recoverable from the holders of the Bonds under Section 550(a) of the Bankruptcy Code should the Authority, the Borrower, or the Guarantor be the debtor in a case under the Bankruptcy Code, and (E) proceeds of any refunding bonds issued to refund the Bonds.

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Insured”, “You”, “Your means a person:

  • Security Policy means the Authority’s Security Policy annexed to Schedule (Security Requirements and Plan) as updated from time to time.

  • HMG Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division) as updated from time to time.

  • Valuables means photographic, audio, video, computer and any other electronic equipment, telecommunications and electrical equipment, telescopes, binoculars, antiques, watches, jewellery, furs and articles made of precious stones and metals.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.