Common use of Delays in Payments Clause in Contracts

Delays in Payments. The City may decide, in its sole discretion, to withhold or delay any of the Progress Payments, in accordance with the Construction Act, if the City, acting reasonably, has a dispute with the General Contractor or Contractor in respect of construction of the Project, provided that in such case any costs, penalties, interest and other claims resulting from the withholding or delay of any of the Progress Payments will be shared by the Parties in accordance with their respective Project Cost Share as set forth in the definition of Project Cost Share in Section 1.1 herein.