Common use of Cutoff for Submission of Invoices Clause in Contracts

Cutoff for Submission of Invoices. Developer shall submit its final Developer’s Phase 1A Payment Request not later than the Cutoff Date. Any Developer’s Phase 1A Payment Requests submitted after the Cutoff Date shall not be reviewed or included as a Developer’s Phase 1A Infrastructure Improvements Cost or Stipulated Developer’s Phase 1A Infrastructure Improvements Overhead Amount. The final payment by the Authority for the Developer’s Phase 1A Infrastructure Improvements will be made only after Developer has submitted all documentation reasonably necessary to substantiate the cost of construction and completing the Developer’s Phase 1A Infrastructure Improvements associated with that phase, mechanic’s lien free, stop payment notice free, substantially in accordance with the Approved Drawings and Specifications for the Developer’s Phase 1A Infrastructure Improvements in all material respects. Final inspection and sign-off by the inspectors of the Authority with associated mechanic’s lien and stop payment notice releases (or bonds releasing contested mechanic’s liens or stop payment notices) shall be sufficient evidence of the mechanic’s lien or stop payment notice free completion of the Developer’s Phase 1A Infrastructure Improvements.