Payment Withhold Clause Samples
A Payment Withhold clause allows one party to temporarily retain or delay payment that would otherwise be due under a contract. Typically, this clause is invoked if the other party fails to meet certain obligations, such as delivering goods or services to the agreed standard or within the specified timeframe. By enabling the withholding of payment until contractual requirements are satisfied, this clause incentivizes performance and protects the paying party from the risk of paying for incomplete or unsatisfactory work.
Payment Withhold. City will withhold payments to Consultant if the certificates of insurance and endorsements required in Paragraph F, above, are canceled or Consultant otherwise ceases to be insured as required herein.
Payment Withhold. City will withhold payments to Vendor if the certificates of insurance and endorsements required in Paragraph F, above, are canceled or Vendor otherwise ceases to be insured as required herein.
Payment Withhold. 7 Up to two percent (2%) of the monthly payment will be withheld upon the request of 8 North Sound BH-ASO’s Program Administrator if a required report or deliverable under 9 this contract is due and has not been received by North Sound BH-ASO, including 10 required financial reports and data transmissions. 12 Payment will be withheld until the required report or deliverable has been delivered and 13 meets the requirements specified by North Sound BH-ASO.
Payment Withhold. If the EDD rejects all or part of the Contractor's work or work product, EDD shall withhold payment for the rejected work or work product and shall notify the Contractor in writing of the reason(s) why the work or work product was rejected. The Contractor shall take appropriate measures to correct the work and demonstrate to the EDD that the Contractor has successfully completed the work before payment can be made.
Payment Withhold. City will withhold payments to Administrator if the certificates of insurance and endorsements required in Paragraph F, above, are canceled or Administrator otherwise ceases to be insured as required herein.
Payment Withhold. If the EDD rejects all or part of the Contractor's work or work product, EDD shall withhold payment for the rejected work or work product and shall notify the Contractor in writing of the reason(s) why the work or work product was rejected. The Contractor shall take appropriate measures to correct the work and demonstrate to the EDD that the Contractor has successfully completed the work before payment can be made. EDD/The iFish Group, Inc. 3. BUDGET CONTINGENCY It is mutually understood between the parties that this Contract may have been written before ascertaining the availability of congressional and legislative appropriation of funds, for the mutual benefit of both parties, in order to avoid program and fiscal delays which would occur if the Contract were executed after that determination was made. This Contract is valid and enforceable only if (1) sufficient funds are made available by the State Budget Act of the appropriate State Fiscal Year(s) covered by this Agreement for the purposes of this program; and (2) sufficient funds are made available to the State by the United States Government or by the State of California for the Fiscal Year(s) covered by this Contract for the purposes of this program. In addition, this Contract is subject to any additional restrictions, limitations or conditions established by the United States Government and/or the State of California, or any statute enacted by the Congress and Legislature, which may affect the provisions, terms or funding of the Contract in any manner. The parties mutually agree that if the Congress and/or Legislature does not appropriate sufficient funds for the program, this Agreement shall be amended to reflect any reduction in funds.
Payment Withhold. In accordance with the requirements set forth in the State Contracting Manual, Section 7.33.B, the State may withhold, from the invoiced payment amount to the Contractor, an amount equal to ten percent (10%) of that payment. Such retained amount shall be held by the State and only released to the Contractor upon the State's determination that the Contractor has satisfactorily completed all of the required services as itemized on the invoice. If it is determined that an amount is withheld, it shall be released pending final completion of the Agreement.