Common use of Schedule of payments for Recoverable work Clause in Contracts

Schedule of payments for Recoverable work. Deposit of 10% (due before execution) of (Insert number in words) dollars $(Insert number).00) Scheduled Payments: (month/day/year) $(Insert number).00) (month/day/year) $(Insert number).00) GLPL acknowledges receipt of an initial payment of (Insert number in words) dollars $(Insert number).00) from the Generator (the "deposit").