Examples of Substantial Completion Payment in a sentence
Administrative actions and submittals that shall proceed or coincide with Substantial Completion Payment.
Contracting Authority shall pay the Substantial Completion Payment as directed by Project Co in accordance with this Section 4.4(a) and shall not accept any redirection without the consent of the Lenders’ Agent.
Such Substantial Completion Deduction Amount shall be deducted from the BE MP Obligation for the Substantial Completion Payment made to the Developer pursuant to the C-70 Project Agreement.
By executing a Change Order, Seller thereafter waives the right to assert any further claim for an extension to the Guaranteed Substantial Completion Date (or any dates that are a function of the Guaranteed Substantial Completion Date), or an increase to the Purchase Price (including by modification of the Substantial Completion Payment Amount), or any other compensation, relief, or right or remedy based on, arising out of, or relating to the subject matter of, or the claim addressed by, such Change Order.
No partial payments or monthly progress payments will be allowed between the Substantial Completion Payment and the Final Payment.
The Authority shall pay the Substantial Completion Payment to Developer within thirty (30) days of receipt by the Authority of the invoice being submitted to the Authority in accordance with the requirements of this Section 14.1.2.4. 14.1.2.5 Within thirty (30) days of the Final Acceptance Date, the Authority shall pay the Final Acceptance Payment to Developer.
Project Co acknowledges that the Substantial Completion Payment is subject to Construction Period Deductions in accordance with Schedule 21 - Construction Period Failures to this Project Agreement.
The amounts withheld as part of a holdback from the Substantial Completion Payment will be paid to Project Co in accordance with the Project Agreement.In addition to the remedying of Project Work Defects during the General Project Work Defect Warranty Period, Project Co will be required to remedy Latent Project Work Defects that are identified within the Latent Project Work Defect Warranty Period.
By executing a Change Order, Seller thereafter waives the right to assert any further claim for an extension to the Guaranteed Substantial Completion Date (or any dates that are a function of the Guaranteed Substantial Completion Date), or an increase to the Purchase Price (including by modification of the Substantial Completion Payment Amount), or any other compensation, relief or right or remedy based on, arising out of or relating to the subject matter of, or the claim addressed by, such Change Order.
The College shall pay the Substantial Completion Payment as directed by Project Co and shall not accept any redirection without the consent of the Lenders’ Agent.