Common use of Prompt Payment Clause in Contracts

Prompt Payment. Company agrees to pay each subcontractor under this Agreement for satisfactory performance of its agreement no later than ten (10) calendar days from the receipt of each payment that Company receives from the Authority. Company agrees further to release retainage payments to each subcontractor within ten (10) calendar days after the subcontractor’s work is satisfactorily completed. Any delay or postponement of payment from the above referenced time frame may occur only for good cause following written approval of the Authority. This clause applies to both W/MBE and non-W/MBE subcontractors.

Prompt Payment. Company agrees to pay each subcontractor under this Agreement Contract for satisfactory performance of its agreement contract no later than ten (10) calendar days from the receipt of each payment that Company receives from the Authority. Company agrees further to release retainage payments to each subcontractor within ten (10) calendar days after the subcontractor’s work is satisfactorily completed. Any delay or postponement of payment from the above referenced time frame may occur only for good cause following written approval of the Authority. This clause applies to both W/MBE and non-non- W/MBE subcontractors.

Prompt Payment. Company agrees to pay each subcontractor under this Agreement Contract for satisfactory performance of its agreement contract no later than ten (10) calendar days from the receipt of each payment that Company receives from the Authority. Company agrees further to release retainage payments to each subcontractor within ten (10) calendar days after the subcontractor’s work is satisfactorily completed. Any delay or postponement of payment from the above above-referenced time frame may occur only for good cause following written approval of the Authority. This clause applies to both W/MBE and non-W/MBE subcontractors.

Prompt Payment. Company agrees to pay each subcontractor under this Agreement Contract for satisfactory performance of its agreement contract no later than ten (10) calendar days from the receipt of each payment that Company receives from the Authority. Company agrees further to release retainage payments to each subcontractor within ten (10) calendar days after the subcontractor’s work is satisfactorily completed. Any delay or postponement of payment from the above referenced time frame may occur only for good cause following written approval of the Authority. This clause applies to both W/MBE and non-W/MBE subcontractors.written

Prompt Payment. Company Supplier agrees to pay each subcontractor under this Agreement for satisfactory performance of its agreement contract no later than ten (10) calendar days from the receipt of each payment that Company Supplier receives from the Authority. Company Supplier agrees further to release retainage payments to each subcontractor within ten (10) calendar days after the subcontractor’s work is satisfactorily completed. Any delay or postponement of payment from the above above-referenced time frame may occur only for good cause following written approval of the Authority. This clause applies to both W/MBE and non-W/MBE subcontractors.

Prompt Payment. Company agrees to pay each subcontractor under this Agreement Contract for satisfactory performance of its agreement contract no later than ten (10) calendar days from the receipt of each payment that Company receives from the Authority. Company agrees further to release retainage payments to each subcontractor within ten (10) calendar days after the subcontractor’s work is satisfactorily completed. Any delay or postponement of payment from the above referenced time frame may occur only for good cause following written approval of the Authority. This clause applies to both W/MBE and non-W/MBE subcontractors.

Prompt Payment. Company Contractor agrees to pay each subcontractor under this Agreement Contract for satisfactory performance of its agreement contract no later than ten (10) 10 calendar days from the receipt of each payment that Company Contractor receives from the AuthorityOwner. Company Contractor agrees further to release retainage payments to each subcontractor within ten (10) 10 calendar days after the subcontractor’s work is satisfactorily completed. Any delay or postponement of payment from the above referenced time frame may occur only for good cause following written approval of the AuthorityOwner. This clause applies to both W/MBE and non-W/MBE subcontractors.