Final Retention Payment Clause Samples

Final Retention Payment. Final retention payment to the CONSULTANT shall become due following a determination by the District that all Services have been successfully completed by the CONSULTANT.
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Final Retention Payment. Within a reasonable period of time following final completion of the Tenant Improvements, Tenant’s Contractor and Landlord’s Construction Representative shall cooperate to prepare a final cost accounting for the Tenant Improvements, the allocation and payment of the Tenant Improvement Allowance, and those costs which Tenant is obligated hereunder to pay, and an appropriate reconciliation shall be made if either party has overpaid its portion of all such costs. A check for the Final Retention payable jointly to Tenant and the General Contractor shall be delivered by Landlord to Tenant following the Substantial Completion of the Tenant Improvements to the Premises, provided that: (A) Tenant delivers to Landlord properly executed mechanics lien releases in compliance with applicable law; (B) Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the exterior wall of the Building, or the structure or exterior appearance of the Building; (C) Tenant has delivered a temporary or permanent certificate of occupancy for the Premises to Landlord; (D) Tenant has provided an Air Balance Report if required by Landlord; and (E) Tenant has provided to Landlord updated hardcopy as-built drawings of the Tenant Improvements as well as an updated CD in CADD format thereof. If Tenant fails to request the Tenant Improvement Allowance after satisfaction of the preconditions set forth above by the first (1st) anniversary of the Commencement Date hereof, Tenant shall be conclusively deemed to have waived any right to receive the Tenant Improvement Allowance. Unused portions of the Tenant Improvement Allowance shall be retained by Landlord.
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Related to Final Retention Payment

  • Retention Payment Payment of the Retention amount will be made in accordance with Public Contract Code Section 7107. If the Retention Payment is made before D-BE has complied with all of its obligations under the Contract, then payment of Retention shall not be interpreted as Final Payment and shall not relieve D-BE of its obligations under the Final Payment provisions.

  • Separation Payment An ASF Member shall be compensated at the final rate of pay for all unused, accumulated vacation, leave time upon separation from state service, or movement to a vacation ineligible position. An employee on an unpaid leave of absence of more than one (1) year for a purpose other than accepting an unclassified position in state civil service, or an employee on layoff that results in separation from service, may elect to be compensated at the final rate of pay for unused accumulated vacation leave. This accumulated vacation payout shall not exceed two hundred and seventy-five (275) hours, except in the case of the ASF Member's death. Calculation of an ASF Member's hourly rate for purposes of computing vacation separation payment shall be based upon a base of two thousand eighty-eight (2,088) working hours per year. Appointment periods of less than one (1) year in duration shall be prorated on this basis. Except as provided in Article 16, Section C, Subdivision 4 which pertains to the separation payment to retirees, the separation payment will be made in cash.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account. 8.4.2. Compensation shall not compensate the profit not received by the Client in the event that the Client had an intention to perform some action but has not performed it for some reason. 8.4.3. The Company shall not compensate non-pecuniary damage to the Client. 8.4.4. The Company adds a compensation payment to the Client trading account within one working day since the moment of making a positive decision on the dispute situation.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.