Common use of CONDITIONAL WAIVER AND RELEASE Clause in Contracts

CONDITIONAL WAIVER AND RELEASE. ON FINAL PAYMENT [Form of release to be obtained from Consultant, Contractor/Supplier, Subcontractor or Supplier to a Subcontractor] Project Job No. PO # On receipt by the signer of this document of a check from _ (maker of check) in the sum of $ payable to (payee or payees of check) and when the check has been properly endorsed and has been paid by the bank on which it is drawn, this document becomes effective to release any mechanic's lien right, any right arising from a payment bond that complies with a state or federal statute, any common law payment bond right, any claim for payment, and any rights under any similar ordinance, rule, or statute related to claim or payment rights for persons in the signer's position that the signer has on the property of Xxxxxxx Xxxxx Rice University, a Texas non-profit corporation (owner) located at (location) to the following extent: (job description). This release covers the final payment to the signer for all labor, services, equipment, or materials furnished to the property or to (person with whom signer contracted). Before any recipient of this document relies on this document, the recipient should verify evidence of payment to the signer. The signer warrants that the signer has already paid or will use the funds received from this final payment to promptly pay in full all of the signer's laborers, subcontractors, materialmen, and suppliers for all work, materials, equipment, or services provided for or to the above referenced project up to the date of this waiver and release. Date , 20 . (Company name) By (Signature) (Title) THE STATE OF § § COUNTY OF § This instrument was acknowledged before me on the day of , 20 , by [insert name of person executing document], the [insert title of person executing instrument] of [insert name of entity], a [if an entity, describe type of entity, such as “corporation”, “partnership”, etc., including the name of the state under whose jurisdiction the entity was created] on behalf of said [repeat name of entity]. Notary Public in and for the State of Printed Name of Notary

CONDITIONAL WAIVER AND RELEASE. ON FINAL PAYMENT [Form of release to be obtained from Consultant, Contractor/Supplier, Subcontractor or Supplier to a Subcontractor] Project Job No. PO # On receipt by the signer of this document of a check from _ (maker of check) in the sum of $ payable to (payee or payees of check) and when the check has been properly endorsed and has been paid by the bank on which it is drawn, this document becomes effective to release any mechanic's lien right, any right arising from a payment bond that complies with a state or federal statute, any common law payment bond right, any claim for payment, and any rights under any similar ordinance, rule, or statute related to claim or payment rights for persons in the signer's position that the signer has on the property of Xxxxxxx Xxxxx Rice Xxxx University, a Texas non-profit corporation (owner) located at (location) to the following extent: (job description). This release covers the final payment to the signer for all labor, services, equipment, or materials furnished to the property or to (person with whom signer contracted). Before any recipient of this document relies on this document, the recipient should verify evidence of payment to the signer. The signer warrants that the signer has already paid or will use the funds received from this final payment to promptly pay in full all of the signer's laborers, subcontractors, materialmen, and suppliers for all work, materials, equipment, or services provided for or to the above referenced project up to the date of this waiver and release. Date , 20 . (Company name) By (Signature) (Title) THE STATE OF TEXAS § § COUNTY OF XXXXXX § This instrument was acknowledged before me on the day of , 20 , by [insert name of person executing document], the [insert title of person executing instrument] of [insert name of entity], a [if an entity, describe type of entity, such as “corporation”, “partnership”, etc., including the name of the state under whose jurisdiction the entity was created] on behalf of said [repeat name of entity]. Notary Public in and for the State of Texas Printed Name of Notary

CONDITIONAL WAIVER AND RELEASE. ON FINAL PAYMENT [Form of release to be obtained from Consultant, Contractor/Supplier, Subcontractor or Supplier to a Subcontractor] Project Job No. PO # On receipt by the signer of this document of a check from _ (maker of check) in the sum of $ payable to (payee or payees of check) and when the check has been properly endorsed and has been paid by the bank on which it is drawn, this document becomes effective to release any mechanic's lien right, any right arising from a payment bond that complies with a state or federal statute, any common law payment bond right, any claim for payment, and any rights under any similar ordinance, rule, or statute related to claim or payment rights for persons in the signer's position that the signer has on the property of Xxxxxxx Xxxxx Rice Xxxx University, a Texas non-profit corporation (owner) located at (location) to the following extent: (job description). This release covers the final payment to the signer for all labor, services, equipment, or materials furnished to the property or to (person with whom signer contracted). Before any recipient of this document relies on this document, the recipient should verify evidence of payment to the signer. The signer warrants that the signer has already paid or will use the funds received from this final payment to promptly pay in full all of the signer's laborers, subcontractors, materialmen, and suppliers for all work, materials, equipment, or services provided for or to the above referenced project up to the date of this waiver and release. Date , 20 . (Company name) By (Signature) (Title) THE STATE OF TEXAS § § COUNTY OF XXXXXX § This instrument was acknowledged before me on the day of , 20 , by [insert name of person executing document], the [insert title of person executing instrument] of [insert name of entity], a [if an entity, describe type of entity, such as “corporation”, “partnership”, etc., including the name of the state under whose jurisdiction the entity was created] on behalf of said [repeat name of entity]. Notary Public in and for the State of Texas Printed Name of Notary

CONDITIONAL WAIVER AND RELEASE. ON FINAL PAYMENT [Form of release to be obtained from Consultant, Contractor/Supplier, Subcontractor or Supplier to a Subcontractor] Project Job No. PO # On receipt by the signer of this document of a check from _ (maker of check) in the sum of $ payable to (payee or payees of check) and when the check has been properly endorsed and has been paid by the bank on which it is drawn, this document becomes effective to release any mechanic's lien right, any right arising from a payment bond that complies with a state or federal statute, any common law payment bond right, any claim for payment, and any rights under any similar ordinance, rule, or statute related to claim or payment rights for persons in the signer's position that the signer has on the property of Xxxxxxx Xxxxx Rice Xxxx University, a Texas non-profit corporation (owner) located at (location) to the following extent: (job description). This release covers the final payment to the signer for all labor, services, equipment, or materials furnished to the property or to (person with whom signer contracted). Before any recipient of this document relies on this document, the recipient should verify evidence of payment to the signer. The signer warrants that the signer has already paid or will use the funds received from this final payment to promptly pay in full all of the signer's laborers, subcontractors, materialmen, and suppliers for all work, materials, equipment, or services provided for or to the above referenced project up to the date of this waiver and release. Date , 20 . (Company name) By (Signature) (Title) THE STATE OF § § COUNTY OF § This instrument was acknowledged before me on the day of , 20 , by [insert name of person executing document], the [insert title of person executing instrument] of [insert name of entity], a [if an entity, describe type of entity, such as “corporation”, “partnership”, etc., including the name of the state under whose jurisdiction the entity was created] on behalf of said [repeat name of entity]. Notary Public in and for the State of Printed Name of Notary