RETAINED PERCENTAGE Sample Clauses

RETAINED PERCENTAGE. 54.1. As further security for the faithful performance of this Contract, the Commissioner shall deduct, and retain until the substantial completion of the Work, a percentage of the value of Work certified for payment in each partial payment voucher. The percentage to be retained is set forth in Schedule A.

RETAINED PERCENTAGE. As to any Transaction and the related Excess MSRs, 100% minus the applicable Sold Percentage as set forth in the related Trade Confirmation.

RETAINED PERCENTAGE. 7.1 If the Contract requires a hundred percent (100%) performance and payment security then, as further security for the faithful performance of the Contract, the Owner shall deduct, and retain until the Final Completion of the Work, five percent (5%) of the value of Work certified for payment in each partial payment voucher. Final Completion shall include but not be limited to punchlist, warranties and all closeout documentation. 7.2 If the Contract does not require a hundred percent (100%) performance and payment security then, as further security for the faithful performance of the Contract, the Owner shall deduct and retain until the Final Completion of the Work, ten percent (10%) of the value of Work certified for payment in each partial payment voucher. Final completion shall include but not be limited to punchlist, warranties and all closeout documentation. 7.3 Notwithstanding the foregoing, and in compliance with applicable New York State laws, ordinances, rules, and regulations, the Owner may withhold from any monies due under the Contract, a) the amount of any claims made by any person or entity (including, but not limited to other contractors or subcontractors) against the Owner or against the Contractor and the Owner as security against the claims; or b) other amounts as permitted under New York State law, rule, or regulation. Withholding amounts subject to this Article include, but are not limited to:

RETAINED PERCENTAGE. The City will make progress payments in the amount of ninety-five percent (95%) of the estimated value of the Work completed, and 95% of the value of material and equipment delivered and stored at the site or suitably stored, insured and warehoused off-site. The City will retain the remaining five percent (5%) until such time as the Work is substantially complete, all punch-list work is completed, all final waivers and releases of lien are given, all warranties, operating manuals, approved shop drawings, and other contract requirements are fulfilled. The Project Manager has the discretion to reduce retainage below 5% based upon the Contractor's progress at achieving final completion of the Work. Any remaining retainage will be held until issuance of the final certificate of occupancy for the Work, with the exception of the last 1% of the total contract amount for the Work which the City shall hold to secure the guaranty as described in Section 5.05 herein.

RETAINED PERCENTAGE. (1) Notwithstanding any other deductions allowed for by the Contract or as required by law, when progress payments are made, the Authority will retain five percent (5%) of each requested and approved progress payment, which will be released 45 days following Contract Close-Out, subsequent to the following conditions: a. There are no open or undelivered items; and b. Contractor certifies that no claims, stop notices or liens have been filed against the Work; and c. Contractor certifies that all subcontractors have been paid; and d. The Authority has no claims against Contractor. (2) Retainage for options exercised will be released separately in accordance with the details of the option exercised, also subject to the above conditions. (3) If there are open or undelivered items, the Authority will estimate their value and will deduct double that amount from any retainage due. In the event costs incurred by the Authority are less than the amounts deducted, the Authority will reimburse the difference to Contractor.

RETAINED PERCENTAGE. For policies with an Excess Reinsurance Basis as shown in Exhibit III: 100% of the Policy face amount for amounts of $1.75MM or less 10% of the Policy face amount for amounts over $1.75MM up to $46.75MM (or automatic binding limit if less) 100% of the Policy face amount for amounts over $46.75MM (or automatic binding limit if less) For policies with a First Dollar Reinsurance Basis as shown in Exhibit III: 10% of the Policy face amount for amounts up to $46MM (or automatic binding limit if less) 100% of the Policy face amount for amounts over $46MM (or automatic binding limit if less) Note 1: Professional Athlete Share for policies with an Excess Reinsurance Basis as shown in Exhibit III is 25%. Professional Athlete Share for policies with a First Dollar Reinsurance Basis as shown in Exhibit III is 20%.

RETAINED PERCENTAGE. The Ceding Company will retain, and not otherwise reinsure, an amount of insurance on each policy equal to its quota share percentage of the policy as set forth in Section 2 of Schedule A. If the Ceding Company's scheduled retained quota share percentage is zero, automatic reinsurance is not available.

RETAINED PERCENTAGE. 21.1 If this Contract requires one hundred (100%) percent performance and payment security, then as further security for the faithful performance of this Contract, the Commissioner shall deduct, and retain until the substantial completion of the Work, five (5%) percent of the value of Work certified for payment in each partial payment voucher. 21.2 If this Contract does not require one hundred (100%) percent performance and payment security and if the price for which this Contract was awarded does not exceed one million ($1,000,000) dollars, then as further security for the faithful performance of this Contract, the Commissioner shall deduct, and retain until the substantial completion of the Work, five (5%) percent of the value of Work certified for payment in each partial payment voucher, except as set forth in Section 21.3. 21.3 If this Contract does not require one hundred (100%) percent performance and payment security and if the price for which this Contract was awarded exceeds one million ($1,000,000) dollars, either at the time of solicitation or as the value of the Contract may be increased during the term thereof, then as further security for the faithful performance of this Contract, the Commissioner shall deduct, and retain until the substantial completion of the Work, ten (10%) percent of the value of Work certified for payment in each partial payment voucher unless a lesser percentage to be retained is set forth in the Specifications or the Agreement. Notwithstanding the foregoing, if the value of the Contract is increased to exceed one million ($1,000,000) dollars, the Agency reserves the right to require the Contractor to provide performance and payment security, the fair and reasonable cost of which shall be reimbursed by the Agency after submission of acceptable documentation of such cost.