Final Acceptance Payment for the Facility Sample Clauses

Final Acceptance Payment for the Facility. No later than thirty (30) Days after the Final Acceptance Date, Contractor shall submit to Company a statement summarizing and reconciling all previous invoices, payments and Changes in the Work, with respect to the Work, and a waiver of liens as provided in Section 5.7 below from Contractor for the Facility and such other data as Company may reasonably request establishing payment of or surety for payment of such unpaid Contractor obligations. Within thirty (30) Days of the receipt of such statements and lien waiver, Company shall pay Contractor the remaining portion of the Contract Price (except with respect to amounts remaining to be paid by Company under the Contract for Punchlist Items). Any disputes regarding a final payment shall be handled in accordance with the procedure set forth in Section 14.
Sample 1
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Final Acceptance Payment for the Facility. No later than thirty (30) Days after the Final Acceptance Date, Contractor shall submit to Company, with a copy to Independent Engineer, a statement summarizing and reconciling all previous invoices, payments and Changes in the Work, with respect to the Work, and a waiver of liens as provided in Section 5.7 below from Contractor and each Major Subcontractor which has not previously provided a final lien waiver for the Facility and such other data as Company may reasonably request establishing payment of or surety for payment of unpaid Contractor obligations which may be excepted under the waiver of liens provided. Within seven (7) Days of Company's and Independent Engineer's receipt of Contractor's invoice and the other documents required under this Section 5.4 ("Accompanying Documents"), Company's Representative and Independent Engineer, as applicable, shall approve such invoice for payment or give written notice to Contractor of any objections that Company's Representative or Independent Engineer has with regard to the invoice and the Accompanying Documents. Within thirty (30) Days of the receipt of such statements and lien waivers, Company shall pay Contractor the remaining portion of the Contract Price (except with respect to amounts remaining to be paid by Company under this Contract for Punchlist Items). If Company's Representative or Independent Engineer fails to provide such notice within such seven (7) Day period, after such party's respective receipt, the statement of invoices and Accompanying Documents shall be deemed approved and Contractor shall be entitled to payment. In the case of a dispute regarding the final payment, Company shall pay the undisputed amounts within such thirty Day period, and disputed amounts will be paid within fifteen (15) Days of resolution of the dispute. Any disputes regarding a final payment shall be handled in accordance with the procedure set forth in Sections 14 and 24.3.
Sample 1

Related to Final Acceptance Payment for the Facility

  • Notice Requirement for Termination No termination of this Agreement will be effective unless and until the Party terminating this Agreement gives prior written notice to the other Party to this Agreement of its intent to terminate, and such notice shall set forth the basis for such termination. Furthermore:

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  • Period for Review and Consideration of Agreement Executive understands he/she has been given a period of 21 days to review and consider this Agreement before signing it. Executive further understands he/she may use as much of the 21 day period as he/she wishes prior to signing.

  • Minimum Extension Requirement If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

  • Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes At any time that any outstanding Series of certificates issued by the Master Trust provides that the Series Principal Collections allocated to such Series will be deposited into the Group Finance Charge Collections Reallocation Account for the Master Trust to the extent necessary for application to cover shortfalls for other Series issued by the Master Trust, an amount equal to (x) all Series Principal Collections allocated to such Series, multiplied by (y) a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts for each outstanding Tranche of the DiscoverSeries Notes (including these notes) and the denominator of which is (i) the Aggregate Investor Interest for the Master Trust minus (ii) the sum of the Series Investor Interests for all such Series that provide that the Series Principal Collections allocated to such Series will be so deposited, is hereby designated to be included in the Excess Spread Amount and shall be treated as Series Finance Charge Amounts for the DiscoverSeries.

  • Notice of Events of Default and Servicer Replacement Event The Owner Trustee shall promptly upon receipt of a list of Certificateholders from the Certificate Registrar give notice to each Certificateholder of any (a) Default or Event of Default of which a Responsible Officer of the Owner Trustee has been provided written notice pursuant to Section 6.5 of the Indenture and (b) Servicer Replacement Event of which a Responsible Officer of the Owner Trustee has been provided written notice pursuant to Section 7.1 of the Sale and Servicing Agreement. The Owner Trustee shall have no duty to investigate, verify or take any action to determine whether any Default, Event of Default or Servicer Replacement Event has in fact occurred and shall have no duty to make any determination as to the materiality of any fact, matter or event, or to make any demand or claim for repurchase of Receivables. The Owner Trustee shall have no duty to enforce remedies for breaches of representations and warranties under any Transaction Document.

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  • Annual Officer’s Certificate; Notice of Servicer Replacement Event (a) The Servicer will deliver to the Issuer, with a copy to the Indenture Trustee, on or before March 30th of each year, beginning on March 30, 2019, an Officer’s Certificate, dated as of December 31 of the immediately preceding year, providing such information as is required under Item 1123 of Regulation AB.

  • Additional Termination Requirements ARTICLE X

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