Payment of Contractor. Once Landlord and Tenant have agreed upon the Approved Bid, and a contract for the construction of the Tenant Improvements has been entered into with the Contractor, Landlord shall be responsible for making monthly progress payments to Contractor in accordance with the construction contract, subject to reimbursement by Tenant pursuant to the following procedure. Once the Approved Bid has been agreed upon, if the total Approved Bid is in excess of the Base Tenant Improvement Allowance, Tenant shall reimburse Landlord each month, within twenty (20) days of receipt of bills or invoices representing the current months’ payment obligation to the Contractor (the “Monthly Payment”), for that portion of the Monthly Payment determined by taking a fraction, the numerator of which is the difference between the Bid Price and the Base Tenant Improvement Allowance, and the denominator of which is the Approved Bid, and multiplying the Monthly Payment by such fraction. Landlord shall have no obligation to pay Contractor unless and until Landlord shall have received such sum from Tenant. Any delays in construction of the Tenant Improvements caused as a result of Tenant’s failure to timely Landlord as provided herein, shall be deemed to be a Tenant Delay for which Tenant shall be solely responsible. /s/ SS /s/ EF Landlord’s Initials Tenant’s Initials
Payment of Contractor. S SUPPLIERS; RELEASE OF LIENS; ERFULLUNGSGEHILFEN. Contractor's Suppliers shall be deemed persons employed by the Contractor in the performance of its obligations (ERFULLUNGSGEHILFEN) within the meaning of Section 278 BGB. The Contractor shall pay promptly for all its labor, equipment, subcontracts and other materials and supplies used in connection with the Works. If any liens are filed against the Plant or the Site in respect of the Works, the Contractor shall immediately either (i) pay the amount in question or (ii) cause the release of such liens by arranging for the issuance of bonds or other reasonably satisfactory security.
Payment of Contractor. During the duration of this Agreement, payment of the compensation is subject to Contractors' continuing satisfactory performance in accordance with Section 4 below. Summa Four shall compensate Contractor in accordance with the provisions of Appendix A.
Payment of Contractor. The District agrees to loan the Owner the loan amount or the actual cost of completion of the work, whichever is less ("construction cost"). Upon completion of the work, the Owner and the Contractor shall submit to the District a certification, in a form approved by the General Manager, of the actual cost of construction and of completion of the work to the satisfaction of the Owner. The Owner shall allow authorized personnel of the District to inspect the completed work. Upon acceptance of the completed work (as described below), or upon failure of the District to inspect the work within 21 days of submittal of the certification, the District shall, within the District's normal schedule for issuance of vouchers, issue jointly to the Owner and the Contractor a warrant for the construction cost. Any amount due to the Contractor in excess of the loan amount shall be borne by the Owner and paid to the Contractor directly by the Owner. If the completed work is unacceptable to the District, the General Manager or the manager's designee shall provide the Owner and the Contractor a written corrective work order, which order shall detail the corrective work required by the District. The District shall not make any payment to the Owner or the Contractor until such corrective work is performed to the satisfaction of the District. The costs of any corrective work, which increase the total cost of the completed work to an amount greater than the loan amount, shall be borne by the Owner and paid to the Contractor directly by the Owner.
Payment of Contractor. Once Landlord and Tenant have agreed upon a Contractor and contract has been entered into with the Contractor, Landlord shall be responsible for making monthly progress payments to Contractor in accordance with the construction contract, subject to reimbursement by Tenant pursuant to the following procedure. If the total contract price is in excess of the Tenant Improvement Allowance, Tenant shall reimburse Landlord each month, within twenty (20) days of Tenant’s receipt of bills or invoices from Landlord representing the current month’s payment obligation to the Contractor (the “Monthly Payment”), for that portion of the Monthly Payment determined by taking a fraction, the numerator of which is the Tenant Improvement Allowance and the denominator of which is the contract price, and multiplying the Monthly Payment by such fraction. Landlord shall have no obligation to pay Contractor unless and until Landlord shall have received such sum from Tenant. Any delays in construction of the Tenant Improvements caused as a result of Tenant’s failure to timely reimburse Landlord as provided herein, shall be deemed to be a Tenant Delay for which Tenant shall be solely responsible.
Payment of Contractor s employees The Contractor is solely responsible for paying its employees and agents, including the Designated Persons, all remuneration and benefits including salary, superannuation, annual leave, sick leave, long service leave and any other benefits to which they may be entitled as its employees, and for otherwise complying with the legislation and industrial awards which are applicable to its employees. The Contractor must pay all taxes and duties in respect of such remuneration and benefits.
Payment of Contractor. The Borrower will promptly pay the Contractor and all other contractors and materialmen the amounts justly due to them, and receive the disbursements from the Facility Fund, and hold the right to receive such disbursements, as trust funds to be applied for the purpose of paying the cost of the completion of the Facility.
Payment of Contractor. Landlord shall be responsible for making --------------------- monthly progress payments to Contractor in accordance with the construction contract between Landlord and the Contractor.
Payment of Contractor. M-OESC, as a contracting agency, shall remain responsible for the payment of sub-contractor invoices, reimbursement of any required expenses of sub- contractor, IRS and state reporting requirements .
Payment of Contractor. Landlord shall pay to the Tenant Contractor Landlord’s Contribution as it becomes due (subject to Landlord’s reasonable requirements including, without limitation, the delivery of reasonable documentation of such costs, lien waivers, and architects certifications). Additionally, Landlord shall, upon presentation by Tenant of proof of payment reasonably acceptable to Landlord (including, but not limited to, paid invoices, copies of canceled checks and lien waivers), pay to Tenant a portion of Landlord's Contribution equal to the amount paid by Tenant to any contractors hired directly by Tenant; provided that such contractors were approved by Landlord in writing. Tenant shall be responsible for the payment of all costs and expenses incurred in connection with the Tenant Improvements which exceed Landlord’s Contribution; provided that Tenant shall not be required to make any payments to the Tenant Contractor until the Landlord’s Contribution has been expended in full. Once the Landlord’s Contribution has been paid in full by Landlord, Tenant shall pay all remaining costs and expenses incurred in connection with the Tenant Improvements promptly upon being presented an invoice for such costs and expenses by Landlord. Notwithstanding anything to the contrary set forth herein, in no event shall Landlord be required to pay any for any costs in connection with the Tenant Improvements which, in the aggregate, exceed Landlord’s Contribution.
