Correction of Interim Payment Certificates Clause Samples

The Correction of Interim Payment Certificates clause allows for the adjustment of previously issued interim payment certificates to correct errors or omissions discovered after their issuance. In practice, this means that if a mistake is found in the calculation of amounts due to the contractor—such as an overpayment, underpayment, or miscalculation—the certificate can be amended in subsequent payments to reflect the accurate amount. This clause ensures that both parties are paid or charged the correct sums, maintaining financial accuracy and fairness throughout the project.
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Correction of Interim Payment Certificates. The DTA may by an Interim Payment Certificate make any correction or modification in any previous Interim Payment Certificate issued by the DTA.
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Correction of Interim Payment Certificates. The EIC/PMC may by an Interim Payment Certificate make any correction or modification in any previous Interim Payment Certificate issued by the EIC/PMC.
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Correction of Interim Payment Certificates. The Authority’s Engineer may by an Interim Payment Certificate make any correction or modification in any previous Interim Payment Certificate issued by the Authority’s Engineer.
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Correction of Interim Payment Certificates. The SPV’s Engineer may by an Interim Payment Certificate make any correction or modification in any previous Interim Payment Certificate issued by the SPV’s Engineer .
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Related to Correction of Interim Payment Certificates

  • Replacement Certificates If, on the date a Securityholder’s escrow securities are to be released, the Escrow Agent holds a share certificate or other evidence representing more escrow securities than are to be released, the Escrow Agent will deliver the share certificate or other evidence to the Issuer or its transfer agent and request replacement share certificates or other evidence. The Issuer will cause replacement share certificates or other evidence to be prepared and delivered to the Escrow Agent. After the Escrow Agent receives the replacement share certificates or other evidence, the Escrow Agent will send to the Securityholder or at the Securityholder’s direction, the replacement share certificate or other evidence of the escrow securities released. The Escrow Agent and Issuer will act as soon as reasonably practicable.

  • Prepayment Certificate Concurrently with any prepayment of the Loans pursuant to Sections 2.14(a) through 2.14(e), Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrower shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess.

  • Notification of Incorrect Certificate The Company will, at any time during the term of this Agreement, as supplemented from time to time, advise the Manager immediately after it shall have received notice or obtained knowledge thereof, of any information or fact that would alter or affect any opinion, certificate, letter and other document provided to the Manager pursuant to Section 6 herein.

  • Closing Certificates; Etc The Administrative Agent shall have received each of the following in form and substance reasonably satisfactory to the Administrative Agent:

  • Accountant's Certificates Within the period provided in paragraph (b) above, a certificate of the accountants who render an opinion with respect to such financial statements, stating that they have reviewed this Agreement and stating further whether, in making their audit, such accountants have become aware of any Default or Event of Default under any of the terms or provisions of this Agreement insofar as any such terms or provisions pertain to or involve accounting matters or determinations, and if any such condition or event then exists, specifying the nature and period of existence thereof;