Contractor Agrees to Pay Sample Clauses

The "Contractor Agrees to Pay" clause establishes the contractor's obligation to make specified payments, typically to subcontractors, suppliers, or other parties involved in the project. In practice, this clause may require the contractor to pay for materials, labor, or services within a certain timeframe or upon completion of certain milestones. Its core function is to ensure that all parties contributing to the project are compensated as agreed, thereby reducing the risk of payment disputes and ensuring smooth project progress.
Contractor Agrees to Pay. The Contractor agrees to pay the amount, computed by multiplying the Liquidated Damages set forth in the Contract by the number of days between the contractually required Material Completion and Occupancy Date and the date that the Certificate of Material Completion is issued.
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Related to Contractor Agrees to Pay

  • Services Contractor Agrees to Perform Contractor agrees to perform the Services stated in Appendix A, “Scope of Services.” Officers and employees of the City are not authorized to request, and the City is not required to reimburse the Contractor for, Services beyond the Scope of Services listed in Appendix A, unless Appendix A is modified as provided in Section 11.5, “Modification of this Agreement.”

  • Subcontractor Insurance In accord with Good Utility Practice, each Interconnected Entity shall require each of its subcontractors to maintain and provide evidence of insurance coverage of types, and in amounts, commensurate with the risks associated with the services provided by the subcontractor. Bonding of contractors or subcontractors shall be at the hiring Interconnected Entity’s discretion, but regardless of bonding, the hiring principal shall be responsible for the performance or non- performance of any contractor or subcontractor it hires.