Holdback from Payment Sample Clauses
Holdback from Payment. 3.01 As per the Agreement, the Province does not intend to retain a holdback from contract payments but the Province does retain the right to withhold from any payments due to you under this Agreement an amount sufficient to indemnify us against any third party claims.
Holdback from Payment. 5.01 As per the Agreement, the Company will withhold 10% of the calculated amount from any payment. The 10% holdback will be retained for 40 calendar days after completion, or earlier termination, of all Services and interest is not payable on the amount held back by the Company. The Company is authorized, but not obliged, to apply the holdback funds as follows:
a) firstly, to any unpaid government agencies or boards;
b) secondly to the Contractor’s workers, direct subcontractors and suppliers, where required to do so by court order; and
c) thirdly as security for the correction of any breach of a provision of the Agreement.
Holdback from Payment. 2.1 As per the Agreement, the AVCFC may withhold 10% of the calculated amount from any payment. The 10% holdback will be retained for 40 calendar days after completion, or earlier termination, of all Services and interest is not payable on the amount held back by the AVCFC. The AVCFC is authorized, but not obliged, to apply the holdback funds as follows:
a) firstly, to any unpaid government agencies or boards;
b) secondly to the Contractor’s workers, direct subcontractors and suppliers, where required to do so by court order; and
c) thirdly as security for the correction of any breach of a provision of the Agreement.
Holdback from Payment. 3.01 As per the Agreement, Silvicon Services Inc. will withhold 20% of the calculated amount from any payment. The 20% holdback will be retained for 40 calendar days after completion, or earlier termination, of all Services and interest is not payable on the amount held back by Silvicon Services Inc. Silvicon Services Inc. is authorized, but not obliged, to apply the holdback funds as follows:
a) firstly, to any unpaid government agencies or boards;
b) secondly to the Contractor’s workers, direct subcontractors and suppliers, where required to do so by court order; and
c) thirdly as security for the correction of any breach of a provision of the Agreement.
Holdback from Payment. 3.01 As per the Agreement, the Company will withhold 10% of the calculated amount from any payment. The 10% holdback will be retained for 40 calendar days after completion, or earlier termination, of all Services and interest is not payable on the amount held back by the Company. The Company is authorized, but not obliged, to apply the holdback funds as follows:
a) firstly, to any unpaid government agencies or boards;
b) secondly to the Contractor’s workers, direct subcontractors and suppliers, where required to do so by court order; and
Holdback from Payment. 4.01 As per the Agreement, the Province will withhold 10% of the calculated amount from any payment. The 10% holdback will be retained for 40 calendar days after completion, or earlier termination, of all Services and interest is not payable on the amount held back by the Province. The Province is authorized, but not obliged, to apply the holdback funds as follows:
a) firstly, to any unpaid government agencies or boards;
b) secondly to the Contractor’s workers, direct subcontractors and suppliers, where required to do so by court order; and
c) thirdly as security for the correction of any breach of a provision of the Agreement.