No Application for Payment Clause Samples
The "No Application for Payment" clause establishes that a party is not permitted to submit requests for payment under certain conditions or during specified periods. In practice, this clause may apply when contractual milestones have not been met, required documentation is incomplete, or specific prerequisites for payment have not been satisfied. Its core function is to prevent premature or unsupported payment claims, ensuring that payments are only made when all agreed-upon criteria are fulfilled, thereby reducing the risk of disputes and maintaining financial discipline in the contractual relationship.
No Application for Payment. Final or Partial, shall act as a release to the CMR or the CMR’s sureties from any obligations under this Contract.
No Application for Payment. Final or Partial, shall act as a release to the Contractor or the Contractor’s sureties from any obligations under this Contract.
