Exception Payment Requests of the Bill Payment Sample Clauses

The 'Exception Payment Requests of the Bill Payment' clause defines the process for handling payment requests that deviate from standard billing procedures. It typically outlines the circumstances under which a party may submit a request for payment outside the regular billing cycle, such as for disputed amounts, corrections, or urgent payments. This clause ensures that there is a clear and agreed-upon method for addressing non-routine payment situations, thereby reducing confusion and potential disputes between parties.
Exception Payment Requests of the Bill Payment. Service Section of this Agreement for additional details.
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Related to Exception Payment Requests of the Bill Payment

  • Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on the third Wednesday of the Month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract. 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Owner may withhold, including but not limited to liquidated damages, in accordance with the Contract a. 95 percent of Work completed (with the balance being retainage). If the Work has been 50 percent completed as determined by Engineer, and if the character and progress of the Work have been satisfactory to Owner and Engineer, then as long as the character and progress of the Work remain satisfactory to Owner and Engineer, there will be no additional retainage; and