Common use of SECURITY OF PAYMENT Clause in Contracts

SECURITY OF PAYMENT. 20.1 The parties agree that for the purposes of any adjudication under any security of payment Legislative Requirement in relation to the Contract or the Services: (a) the prescribed appointor shall be the Chairperson from time to time of the Chapter of Institute of Arbitrators and Mediators Australia in the State in which the Services are supplied; (b) the amount set out in a payment certificate given by SCEE under clause 10.7 is the amount of the ‘progress payment’ calculated in accordance with the terms of the Contract to which the Supplier is entitled; and (c) the date under clause 10.1 on which the Supplier must claim payment is the ‘reference date’.

SECURITY OF PAYMENT. 20.1 The parties agree that for the purposes of any adjudication under any security of payment Legislative Requirement in relation to the Contract or the Services: (a) the prescribed appointor shall be the Chairperson from time to time of the Chapter of Institute of Arbitrators and Mediators Australia in the State in which the Services are supplied; (b) the amount set out in a payment certificate given by SCEE DATATEL under clause 10.7 is the amount of the ‘progress payment’ calculated in accordance with the terms of the Contract to which the Supplier is entitled; and (c) the date under clause clause 10.1 on which the Supplier must claim payment is the ‘reference date’.

SECURITY OF PAYMENT. 20.1 17.1 The parties agree that for the purposes of any adjudication under any security of payment Legislative Requirement in relation to the Contract or the ServicesGoods: (a) the prescribed appointor shall be the Chairperson from time to time of the Chapter of Institute of Arbitrators and Mediators Australia in the State in which where the Services are suppliedDelivery Address is located; (b) the amount set out in a payment certificate given by SCEE under clause 10.7 is the amount of the ‘progress payment’ calculated in accordance with the terms of the Contract to which the Supplier is entitled; and (c) the date under clause 10.1 on which the Supplier must claim payment is the ‘reference date’.