Retention Moneys definition

Retention Moneys means, if applicable under the Contract, moneys deducted by Synergy under clause A32.1.
Sample 1
Retention Moneys means the sums withheld by the Employer by way of retention pursuant to Clause 68;
Sample 1Sample 2Sample 3
Retention Moneys means the retention moneys withheld by the Principal under Clause 42.3;
Sample 1

Examples of Retention Moneys in a sentence

  • If the moneys deducted by the Principal under clause17.2(b) are insufficient to discharge the payment liability of the Contractor to the Principal, the Principal may have recourse to Retention Moneys or any security provided under the Contract.

  • The Principal may have recourse to any Retention Moneys or security at any time it may be entitled to recover from, or be paid by, the Contractor an amount under the Contract or otherwise.

  • If required by the Minor Works Contract Specifics, the Contractor must provide security equal to the value of the Contract Price or part thereof in lieu of Retention Moneys in the form of an unconditional and irrevocable bank undertaking in a form, and from a financial institution, approved by the Principal, or another form of security, as set out in the Minor Works Contract Specifics.

  • Subject to clause19.3, the Principal may deduct as Retention Moneys a percentage set out in any Minor Works Contract Specifics of the balance of each Payment Claim ( Retention Percentage) as security for the performance of the Contractor’s obligations under the Contract.

  • The Principal may deduct Retention Moneys under clause19.2 until the Principal has retained an amount equalling the Retention Sum.

  • Any Retention Moneys (or part thereof) may be set off against Any Excess arising out of the termination of this purchase order (or any part thereof) under Clause 10 above.

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

  • 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).

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

  • 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.


More Definitions of Retention Moneys

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

Related to Retention Moneys

  • Retention Money means the aggregate of amount retained by the Employer as Security Deposit.

  • 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 USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Retention Bonus means the amount equal to:

  • 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 mean the payment of severance compensation as provided in Section 2.3 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 minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.

  • 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 1302.

  • Available Moneys means:

  • 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.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • You and Your means the person(s) named on the Schedule as the insured.