Payment of Completion Payment Sample Clauses

Payment of Completion Payment. Subject to clause 7, on Completion the Buyer must pay the Completion Payment to the Seller in Immediately Available Funds without counter-claim or set-off.
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Payment of Completion Payment. 32 3.5 Payment of other amounts ................................................................................. 32 3.6 Title and risk .......................................................................................................
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Payment of Completion Payment. Within five (5) Business Days of the Completion Date the Buyer must pay the Completion Payment to the Seller in Immediately Available Funds without counter-claim or set-off.
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Payment of Completion Payment. Payment of any Completion Payment will be made in accordance with clause 7 of Schedule 11. 1. Main Roads (client)
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Payment of Completion Payment. (a) As soon as practicable after the Date of Practical Completion of the last Separable Portion, the Alliance Management Team must prepare and deliver a notice in a format approved by the Alliance Board to the Non-Owner Participants and Main Roads detailing the Completion Payment (if any) payable by Main Roads to the Non-Owner Participant given the Date of Practical Completion of the last Separable Portion. (b) All supporting documentation relating to the amount set out in any notice prepared under clause 7(a) of this Schedule 11 must be available for inspection and audit. (c) Subject to clause 7(d) of this Schedule 11, within 20 Business Days of receipt of the notice under clause 7(a) of this Schedule ▇▇, ▇▇▇▇ ▇▇▇▇▇ must pay the Non-Owner Participant the amount set out in the notice issued under clause 7(a) of this Schedule 11. (d) If a Participant is not satisfied for any reason with the amount set out in a notice under clause 7(a) of this Schedule 11, that Participant must nonetheless pay the amount, and the Participant must, within 10 Business Days of a payment being made, give notice to the Alliance Management Team that the Participant is not satisfied with the amount set out in the notice under clause 7(a) of this Schedule 11 and full details of why it is not satisfied. The Alliance Management Team must then promptly satisfy the Participant’s concerns and the provisions of clause 17.6 of this Agreement will apply to any overpayment of the amount set out in the notice under clause 7(a) of this Schedule 11.
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Related to Payment of Completion Payment

  • FINAL COMPLETION AND FINAL PAYMENT 9.9.1 Upon receipt of written notice that the Work is ready for final inspection and acceptance and upon receipt of a final Application for Payment, the Architect will promptly make such 9.9.2 Neither the final payment nor the remaining retained percentage shall become due until the Contractor submits to the Architect (1) an affidavit that all payrolls, bills for materials and equipment, and other indebtedness connected with the Work for which the State or its property might in any way be responsible, have been paid or otherwise satisfied; (2) consent of surety, if any, to final payment; (3) Other data establishing payment or satisfaction of all such obligations, including, but not limited to, receipts, releases, or other supporting documentation. and (4) final waivers of liens arising out of the Contract, to the extent and in such form as may be designated by the State. If any Subcontractor refuses to furnish a release or waiver required by the State, the Contractor may furnish a bond satisfactory to the State to indemnify him against any such lien. If any such lien remains unsatisfied after all payments are made, the Contractor shall refund to the State all moneys that the latter may be compelled to pay in discharging such lien, including all costs and reasonable attorneys' fees. 9.9.3 If, after Substantial Completion of the Work, final completion thereof is materially delayed through no fault of the Contractor or by the issuance of Change Orders affecting final completion, and the Architect so confirms, the State shall, upon application by the Contractor and certification by the Architect, and without terminating the Contract, make payment of the balance due for that portion of the Work fully completed and accepted. If the remaining balance for Work not fully completed or corrected is less than the retainage stipulated in the Contract Documents, and if bonds have been furnished as required by the Contract Documents, the written consent of the surety to the payment of the balance due for that portion of the Work fully completed and accepted shall be submitted by the Contractor to the Architect prior to certification of such payment. Such payment shall be made under the terms and conditions governing final payment, except that it shall not constitute a waiver of claims. 9.9.4 The making of final payment shall constitute a waiver of all claims by the State except those arising from: (a) unsettled liens, (b) faulty or defective Work appearing after Substantial Completion, (c) failure of the Work to comply with the requirements of the Contract Documents, or (d) terms of any special warranties required by the Contract Documents. 9.9.5 The acceptance of final payment shall constitute a waiver of all claims by the Contractor except those previously made in writing and identified by the Contractor as unsettled at the time of the final Application for Payment.

  • 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.

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

  • Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.