Final Payment Submissions Sample Clauses

The 'Final Payment Submissions' clause defines the process and requirements for submitting the last payment request at the conclusion of a contract or project. Typically, this clause outlines the documentation and evidence that must be provided—such as proof of completed work, release of liens, or final invoices—before the final payment is processed. Its core function is to ensure that all contractual obligations have been met and to protect both parties by confirming that no outstanding claims or work remain before the contract is fully closed out.
Final Payment Submissions. Final payment shall be due on Contractor's submission of the following to Owner: 19.5.4.1 An affidavit declaring any indebtedness connected with the Work, e.g. payrolls or invoices for materials or equipment, to have been paid, satisfied or to be paid with the proceeds of final payment, so as not to encumber Owner's property; 19.5.4.2 As-built drawings, manuals, copies of warranties and all other close-out documents required by the Contract Documents; 19.5.4.3 Release of any liens, conditioned on final payment being received; 19.5.4.4 Consent of any surety; and
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Final Payment Submissions. Final payment, constituting the entire unpaid balance of the contract sum, shall be paid by the Owner to the Demolition Contractor when the Contract Work has been completed, and the Contract fully performed. Final payment will be made only in conjunction with Wyo. Stat. § 16-6-116 and 117, as amended. 19.5.4.1 No final payment will be made until the Demolition Contractor files a sworn statement, stating that all claims for material and labor performed under the Contract have been made and paid. The sworn statement shall be filed with the appropriate entity, as designated in Wyo. Stat. § 16-6-117. A copy of the sworn statement shall be provided to the Agency and Surety. Failure of the Demolition Contractor to provide the sworn statement to the Surety will not relieve the Surety from liability under the bond. 19.5.4.2 If any claim for material and labor is disputed, the sworn statement shall so state and include a copy of any claim or lien and the amount claimed. The amount claimed shall be deducted from the final payment and retained by the Agency until the dispute is resolved, as provided in Wyo. Stat. § 16-6-117. The parties agree that the Agency may, at its discretion, place the disputed amount in an interest bearing account. In the event the funds are placed in an interest bearing account, any and all accrued interest shall belong to the Agency. 19.5.4.3 Final payment to the Demolition Contractor based on its sworn statement of no disputed claims for material or labor shall not relieve the Surety from liability on any bond if outstanding material or labor claims or liens exist, and if material men and/or laborers properly followed the procedures described in Wyo. Stat. § 16-6-121.
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Final Payment Submissions. Neither final payment nor any remaining retained percentage will become due until Design-Builder has fully performed this Agreement as required by the Design-Build Documents and THPRD's Criteria except for those duties that extend beyond the date of final payment. Full performance of this Agreement includes complying with THPRD's policies for Project closeout and Applications for Payment, delivering Record Documents to THPRD, submitting a final accounting for the cost of the Work and a final Application for Payment to THPRD, returning the keys required by Section 2.5.13(b), providing two sets of all operation, maintenance, and warranty manuals and information of manufacturers whose equipment or materials are installed in the Work, taking all action necessary on Design- Builder's part for issuance of a temporary or final certificate of occupancy, or its substantial equivalent, by the appropriate permitting agency, and submitting to THPRD the following:‌ (a) An affidavit that payrolls, bills for materials and equipment, and other indebtedness connected with the Work for which THPRD or THPRD's property might be responsible or encumbered (less amounts withheld by THPRD) have been paid or otherwise satisfied; (b) A certificate evidencing that insurance required by the Design- Build Documents will remain in force after final payment; (c) A written statement that Design-Builder knows of no substantial reason that the insurance will not be renewable to cover the period required by the Design-Build Documents; (d) Consent of surety, if any, to final payment; (e) Valid unconditional waivers of all construction lien claims, bond claims, and other Claims by Design-Builder, the Design Professional, and each Subcontractor in a form acceptable to THPRD; (f) A certificate that no materials incorporated in the Work contain asbestos; (g) All documents, warranties, record drawings, and other deliverables as required by Sections 2.5.15(a) through 2.5.15(d) and the Design-Build Documents; and (h) If required by THPRD, other data establishing payment or satisfaction of obligations, including but not limited to receipts, releases and waivers of liens, claims, security interests, or encumbrances arising out of this Agreement, to the extent and in such form as may be designated by THPRD.
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Related to Final Payment Submissions

  • Payment Scheduling The earliest possible Scheduled Payment Date for each ▇▇▇▇▇▇ will be designated within the portion of the Site through which the Service is offered when you are scheduling the payment. Therefore, the Service will not permit you to select a Scheduled Payment Date less than the earliest possible Scheduled Payment Date designated for each ▇▇▇▇▇▇. When scheduling payments you must select a Scheduled Payment Date that is no later than the actual Due Date reflected on your ▇▇▇▇▇▇ statement unless the Due Date falls on a non-Business Day. If the actual Due Date falls on a non-Business Day, you must select a Scheduled Payment Date that is at least one (1) Business Day before the actual Due Date. Scheduled Payment Dates must be prior to any late date or grace period. Depending on the method of payment, your Eligible Transaction Account may be debited prior to the Scheduled Payment Date. For example, if the selected method of payment is a draft, the draft arrives earlier than the Scheduled Payment Date due to expedited delivery by the postal service, and the ▇▇▇▇▇▇ immediately deposits the draft, your Eligible Transaction Account may be debited earlier than the Scheduled Payment Date.

  • Final Payment A. Upon final completion and acceptance of the Work in accordance with Paragraph 15.06 of the General Conditions, Owner shall pay the remainder of the Contract Price as recommended by Engineer as provided in said Paragraph 15.06.

  • Additional Payment Terms All payments must be made in U.S. dollars and delivered to us at any one of our branch offices or to the address shown on the monthly statement. If we receive your payment before 5:00 p.m. (Mountain Standard Time) on a business day, at the address shown on the front of your monthly statement or at any of our branch offices, we will credit your payment as of the date of receipt. All other payments will be credited to your Account on the next business day following receipt. We may accept late or partial payments as well as payments marked “PAID IN FULL” or other restrictive endorsements, without losing any of our rights under this Agreement and without such payments constituting full accord and satisfaction of the debt. If you make payments using personal checks, and your financial institution refuses to pay the check and returns it to us, you agree to pay a Return Payment Fee. If your loan Account balance is less than the minimum payment amount you must pay the entire balance. You may repay all or part of what you owe at any time. However, so long as you owe any amount you must continue to make your periodic minimum payment. Your minimum monthly payment will be allocated to your account in accordance with all applicable laws and regulations. Personal Identification Number. We will issue you a Personal Identification Number (“PIN”) to be used with your Card. You agree not to write this PIN on your Card, and not to carry your PIN with you at the same time as you carry your Card. We will treat any charge made by you using your Card and PIN as having been authorized by you. If you keep your PIN with the Card, we can refuse to reissue your Card. Change of Terms. We can change the terms of this Agreement, including all fees, other charges and Annual Percentage Rate, at any time, subject to applicable laws and regulations. Events of Default. You are in default if you fail to pay the minimum payment listed on each billing statement on time, file for bankruptcy, exceed your credit limit without our permission, or default on this or any other Nusenda Federal Credit Union Card Agreement you have with us. If you are in default, we may close your Account and require a shorter amortization of your account balance, subject to applicable laws and regulations. No notice is required. We may also declare the whole balance due if you die, if you make false or misleading statements on your application, or if other creditors attach or garnish your property. If you have given us a security interest in a share Account, share draft Account, or certificate of deposit, we may use the deposit amount to pay any amount you owe us. Collection Costs. If we have to refer collection of your Account to a lawyer (who is not our salaried employee), to the extent permitted by law, you will have to pay our attorney’s fee plus court costs and any other fees.