Construction Payment Clause Samples
The Construction Payment clause defines the terms and schedule for payments made to contractors or service providers during a construction project. Typically, it outlines when payments are due, such as upon completion of specific project milestones or after the submission of invoices, and may specify the method of payment and any conditions that must be met before funds are released. This clause ensures that all parties have a clear understanding of the financial arrangements, helping to prevent disputes over payment timing and amounts, and supports the smooth financial management of the construction process.
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Construction Payment. Within ten (10) calendar days of receiving a complete Application, Landlord will pay to Tenant the amount requested by Tenant in such Application (each such payment, a “Construction Payment”), provided that the aggregate amount of the Construction Payments does not exceed the Construction Contribution Amount. Notwithstanding the foregoing or any provision herein to the contrary, Landlord may withhold any Construction Payment, in whole or in part, upon the occurrence and continuation of any Tenant Event of Default.
Construction Payment. Upon initiating of construction of the turbine generators on the Leased Premises, Basin Electric will pay Landowner a one- time payment of $4,000 for each wind turbine installed on Leased Premises within a twelve month (12) period. This payment shall be made on a per turbine basis at the time of the installation of each turbine.
Construction Payment. Exhibit C, Paragraph 9(b)...............8
Construction Payment. The Customer shall pay the District the actual expenses incurred by the District for the construction of the District Interconnection Facilities, as invoiced by the District, up to the Estimated Authorized Construction Costs at the time of such invoice. The District shall render an invoice for the estimated construction costs, as set forth within Appendix B, in advance of each calendar quarter by electronic mail to the Customer on or before the 20th day of each month in advance of the quarter, to the address of a person designated by the Customer. The Customer shall have 30 days from the date of receipt of the invoice to make payment to the District. The District reserves the right to not place an order for equipment until payment has been received from the Customer. Upon receipt of payment from Customer, the payment shall be deemed the property of the District and not an asset of the Customer.
Construction Payment. Task numbers 6 and 7 subtotaling forty-nine thousand two hundred fifty-six and 00/100 Dollars ($49,256.00) shall be paid with State funds.
Construction Payment