Payment by Owner. 6.2.1 At any time that the balance of the Receivable Account exceeds 10,000,000 RMB (excluding Service Fee and Receivable Expenses), Servicing Party shall deduct Service Fee and Receivable Expenses, and deposit the remaining sum in the Deposit Account.
Payment by Owner. Subject to Section 9.4, if at any time there are insufficient funds in the Bank Accounts to pay any installment of the Base Management Fee or the Incentive Management Fee or any expense or other amount which is then due and payable to Manager, Owner shall, within ten (10) business days after receiving a written request therefor from Manager, pay the amount of such installment, expense or amount to Manager.
Payment by Owner. To the extent payment is due under the Contract Documents, Owner shall make payment to the Contractor with respect to an Application for Payment not later than forty-five (45) days after the later of (i) the date the Construction Manager receives such Application for Payment or (ii) the end of the month covered by such Application for Payment, provided that all other conditions for the payment covered by such Application for Payment have been satisfied. No payment shall constitute a waiver of any Claims by Owner, whether past, present or future. Owner reserves the right to make payment by joint check or by direct check to Contractor’s material suppliers or Subcontractors or to any other person or entity who has performed work or furnished materials under this Contract and may have a claim or a right of action against Owner, Owner’s surety, the Construction Manager, or the Project under any law; provided, however, that Owner shall not be obligated to exercise the right reserved herein for the benefit of any person or entity. Contractor agrees that Owner shall have the right to determine the manner in which payment shall be made.
Payment by Owner. Promptly after the Project Manager has issued a certificate for payment, the Owner shall submit the appropriate documentation to the Owner , who shall make payment to Contractor within 30 days thereafter. All materials and work covered by payments made shall thereupon become the sole property of Owner, and this provision shall not be construed as relieving Contractor from the continuing responsibility for all materials and work upon which payments have been made or the restoration of any damaged work, or as a waiver of any right of Owner to require the fulfillment of all terms of this Agreement. Title to all work completed in the course of construction and to all materials, including the specifications and other documents prepared by the Project Manager and/or the Contractor on account of which payment has been made shall be vested in Owner.
Payment by Owner. A. Payment will be made according to the guidelines established by the North Carolina Housing Finance Agency. The Owner agrees to pay the LRCOG from NCHFA, Single- Family Rehabilitation Program funds for services rendered. The amount of eligible funding is recorded on page 2 of the Bladen County SFR15 Application for Funding & Pool Membership. (D. Project Budget for Soft Costs Table)
Payment by Owner. Subcontractor acknowledges that Subcontractor’s Work is a portion of the work for the Project, and that payment for Subcontractor’s Work by WINTER XXXXXXX is conditioned upon payment for Subcontractor’s Work by Owner. Subcontractor warrants and represents that it relies for payment of Subcontractor’s Work on the credit and ability to pay of Owner, and not of WINTER XXXXXXX, and that Subcontractor undertakes the risk that it shall not be paid for Subcontractor’s Work in the event WINTER XXXXXXX is not paid by Owner for such Work. Except for confidential information, Subcontractor may review any information provided by Owner to WINTER XXXXXXX relative to Owner’s financial ability to pay for the Work. Payment by the Owner to WINTER XXXXXXX shall be an absolute condition precedent to WINTER XXXXXXX’x (or its surety’s) obligation to make any progress payments, final payment or release of retainage to Subcontractor. This subparagraph shall not void any right of Subcontractor to file and take necessary legal action to preserve a claim of lien or claim against a bond.
Payment by Owner. No later than the twenty-fifth (25th) day of each month after Owner's receipt of an undisputed Application for Payment, Owner shall pay to Contractor by wire transfer to such account as may be designated by Contractor in writing the appropriate amounts for which Application for Payment is made therein. Contractor shall pay all applicable suppliers and Subcontractors the amounts due them with respect to the relevant Application for Payment no later than the last day of the month in which the Application for Payment is received. In the event of a dispute between Owner and Contractor with respect to amounts owing under an Application for Payment, Owner shall pay to Contractor all undisputed amounts of the Application for Payment.
Payment by Owner. On or before the twenty-fifth (25) day of each calendar month the Contractor will submit to Owner on AIA form G702 and G703 , or such other form as Owner will require, a written requisition for payment showing the proportionate value of the Work installed to date, from which Contractor will deduct: (a) a reserve of ten (10%) percent ("Retainage") until 80% of the construction has been completer and then no additional retainage; (b) all previous payments; and (c) all other charges for material or service furnished by Owner to Contractor. The balance of the amount of the requisition, as approved by Owner, Architect, or Engineer, as appropriate, will be due Contractor as of the first business day following the fifteenth (15th) day of the succeeding calendar month. With each application for payment Contractor will submit, in form and substance reasonably satisfactory to Owner, lien waivers from each subcontractor paid out of the preceding application for payment and an update of the Job Progress Schedule establishing to Owner's reasonable satisfaction that Substantial Completion will be achieved by the Completion Date. Contractor will not be entitled to payment and no payment 6 7 will be made until all releases are received.
Payment by Owner. Owner further agrees to reimburse Agent for any reasonable cost or expense incurred by Agent to protect the interests of Agent hereunder, within five (5) days after written demand for payment is given to Owner by Agent. Owner also agrees to reimburse Agent for all of Agent’s other reasonable costs incurred hereunder for which Owner is obligated to reimburse or indemnify Agent within thirty (30) days after written demand for such reimbursement is given to Owner by Agent. Any such sum shall bear interest at the interest rate set forth in Section 2.10(c) of the Credit Agreement until paid if it is not paid when due.
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