BASIS AND SCOPE OF PAYMENT Sample Clauses

BASIS AND SCOPE OF PAYMENT. Payment, except as elsewhere herein specified, will be made to the Subcontractor for Work actually performed and completed, as measured and certified by the Owner’s Representative or by the Contractor, which shall be accepted by the Subcontractor as full compensation for furnishing all material and for doing all Work contemplated and embraced in this Agreement; for all loss and damage arising out of the nature of the Work aforesaid, and for all risks of every description connected with the said Work. Subcontractor expressly agrees that payment by Owner is an express condition precedent to Contractor’s obligation to pay Subcontractor and Subcontractor assumes the risk of nonpayment or delayed payment by Owner. Nothing contained herein shall be construed to limit Subcontractor’s lien rights or legal right to recover unpaid sums from the Owner.
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BASIS AND SCOPE OF PAYMENT. Subcontractor understands and agrees that all payments to the Subcontractor for the Work are to be made from payments made by Owner from time to time to Contractor in respect of the Work performed by Subcontractor. Payments, except as elsewhere herein specified, will be made to the Subcontractor for Work actually performed and completed, as measured and certified by the Owner or by the Contractor, within ten (10) days after receipt by Contractor of payment from Owner for the Work of Subcontractor, provided Contractor has received all required documentation from Subcontractor, as provided in Article 3 below. Subcontractor expressly agrees that payment by Owner is an express condition precedent to Contractor’s obligation to pay Subcontractor and Subcontractor assumes the risk of nonpayment or delayed payment by Owner. Nothing contained herein shall be construed to limit Subcontractor’s lien rights or legal right to recover unpaid sums from the Owner.
Sample 1

Related to BASIS AND SCOPE OF PAYMENT

  • Basis of Payment The basis of payment is identified in Attachment E, Fee Schedule. Reimbursement of costs incurred under a work authorization shall be in accordance with Attachment E, Fee Schedule.

  • Background Screening and Security 14 These General Contract Conditions supersede and replace in their entirety all General Contract Conditions, Form PUR 1000, which is incorporated by reference in Rule 60A-1.002, Florida Administrative Code (F.A.C.)

  • Schedule of Payment An employee shall be paid at his/her assigned building or by mail on the following dates listed below: September 15 and 30, 2016 September 15 and 30, 2017 October 15 and 30, 2016 October 15 and 30, 2017 November 13 and 30, 2016 November 13 and 30, 2017 December 15 and 31, 2016 December 15 and 31, 2017 January 15 and 29, 2017 January 15 and 29, 2018 February 15 and 29, 2017 February 15 and 29, 2018 March 15 and 31, 2017 March 15 and 31, 2018 April 15 and 29, 2017 April 15 and 29, 2018 May 15 and 31, 2017 May 15 and 31, 2018 June 15 and 30, 2017 June 15 and 30, 2018 July 15 and 29, 2017 July 15 and 29, 2018 August 15 and 31, 2017 August 15 and 31, 2018

  • Time of Payment Any Gross-Up Payment provided for herein shall be paid not later than the 30th day following the payment of any compensation or the provision of any benefit which causes such payment to be made; provided, however, that if the amount of such payment cannot be finally determined on or before such day, the Company shall pay on such day an estimate of the minimum amount of such payment and shall pay the remainder of such payment (together with interest calculated in a manner similar to that described in Subparagraph (b)) as soon as the amount thereof can be determined. In the event that the amount of an estimated payment exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by the Company to the Executive, payable on the 30th day after demand by the Company (together with interest calculated in a manner similar to that described in Subparagraph (b)).

  • Acceptance of Payment Acceptance of payment by the Contractor shall constitute a waiver of all further claims by Contractor against Owner under the Contract, and shall be Contractor’s exclusive remedy for termination of the Contract. Notwithstanding anything to the contrary contained in the Contract Documents, in no event shall Contractor be entitled to any payment on account of accident or lost profits or consequential damages in connection with any termination of the Contract, or otherwise in connection with the Contract.

  • Balance of Payments 1. Nothing in this Agreement shall be construed to prevent a Party from adopting or maintaining measures that restrict transfers where the Party experiences serious balance of payments difficulties, or the threat thereof, and such restrictions are consistent with this Article.

  • Schedule of Payments The City shall pay the Company and amount of $75,000.00 within 60 days after the Company has complied with all of the conditions in Section 2(a) (Prerequisites to Payments).

  • Balance of Payments Difficulties 1. The Parties shall endeavour to avoid the imposition of restrictive measures for balance of payments purposes.

  • Exceptions and Extension of Payment Due Date NYSERDA has determined that, notwithstanding the provisions of Sections 504.3 and 504.4 of this Exhibit, any of the following facts or circumstances, which may occur concurrently or consecutively, reasonably justify extension of the Payment Due Date:

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

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