Common use of Allowance Payments Clause in Contracts

Allowance Payments. Payment shall not be made on any Request for Disbursement until all of the information and documentation above is complete. Payment shall be made only for those materials which have been installed or which have been delivered to the Premises. Landlord shall have five (5) calendar days from the date of receipt of the Request for Disbursement to review same and request clarification. If Landlord is in Agreement with the Request for Disbursement, payment shall be made to Tenant within ten (10) days of receipt of the Request for Disbursement. If any items are in dispute, Landlord shall not make payment on those items until the dispute is resolved, but Landlord shall make payment to Tenant of all amounts not in dispute within ten (10) days of receipt of the Request for Disbursement. Landlord shall not unreasonably withhold, delay or condition its approval of any Request for Disbursement or on any specific request for payment made therein. A final disbursement of Five Thousand Dollars ($5,000.00) shall be held until all punchlist items in the Premises are complete, and the time for the filing of any mechanics liens claimed or which might be filed on account of any work performed by Tenant, Contractor, subcontractors, suppliers or materialmen has passed. Any damage to Landlord's property will be repaired to Landlord's satisfaction. Once Landlord has disbursed the entire amount of the Allowance to Tenant, except the final disbursement of Five Thousand Dollars ($5,000.00), any and all costs associated with the design, engineering or construction of the Premises shall be paid directly by Tenant.