Common use of Prompt Payment to Subcontractors Clause in Contracts

Prompt Payment to Subcontractors. (a) Within seven (7) days of receipt by the Contractor of each payment from the City under this Contract, the Contractor shall pay all SubContractors (which term includes subconsultants and suppliers) based on work completed or service provided under the subContract. Should any payment to the SubContractor be delayed by more than seven (7) days after receipt of payment by the Contractor from the City under this Contract, the Contractor shall pay the SubContractor interest, beginning on the 8th day, at the rate of 1% per month or fraction thereof on such unpaid balance as may be due. By appropriate litigation, SubContractors shall have the right to enforce this subsection (a) directly against the Contractor, but not against the City of Durham.

Prompt Payment to Subcontractors. (a) Within seven (7) 7 days of receipt by the Contractor of each payment from the City under this Contract, the Contractor shall pay all SubContractors (which term includes subconsultants and suppliers) based on work completed or service provided under the subContract. Should any payment to the SubContractor be delayed by more than seven (7) 7 days after receipt of payment by the Contractor from the City under this Contract, the Contractor shall pay the SubContractor interest, beginning on the 8th day, at the rate of 1% per month or fraction thereof on such unpaid balance as may be due. By appropriate litigation, SubContractors shall have the right to enforce this subsection (a) directly against the Contractor, but not against the City of Durham.

Prompt Payment to Subcontractors. (a) Within seven (7) 7 days of receipt by the Contractor of each payment from the City under this Contractcontract, the Contractor shall pay all SubContractors Subcontractors (which term includes subconsultants sub-contractors, sub-consultants and suppliers) based on work completed or service provided under the subContractsubcontract. Should any payment to the SubContractor Subcontractor be delayed by more than seven (7) 7 days after receipt of payment by the Contractor from the City under this Contractcontract, the Contractor shall pay the SubContractor Subcontractor interest, beginning on the 8th day, at the rate of 1% per month or fraction thereof on such unpaid balance as may be due. By appropriate litigation, SubContractors Subcontractors shall have the right to enforce this subsection (a) directly against the Contractor, but not against the City of Durham.

Prompt Payment to Subcontractors. (a) Within seven (7) days of receipt by the Contractor of each payment from the City under this Contractcontract, the Contractor shall pay all SubContractors Subcontractors (which term includes subconsultants and suppliers) based on work completed or service provided under the subContractsubcontract that is referrable to such payment received by Contractor from the City. Should any payment to the SubContractor Subcontractor be delayed by more than seven (7) 7 days after receipt of payment by the Contractor of the relevant payment from the City under this Contractcontract, the Contractor shall pay the SubContractor Subcontractor interest, beginning on the 8th day, at the rate of 1% per month or fraction thereof on such unpaid balance as may be due. By appropriate litigation, SubContractors Subcontractors shall have the right to enforce this subsection (a) directly against the Contractor, but not against the City of Durham.subsection: