Common use of Receipt and Release Clause in Contracts

Receipt and Release. As a condition of approval and payment of SELLER’s invoices, SELLER shall furnish to OWNER together with each of SELLER’s invoices, a Receipt for Payment and an Affidavit and a Release stating that all material used in said job has been paid for, and all laborers used on said job have been paid in full, and that there is no outstanding claim or lien against said job or equipment or against any bond concerning this project. At the same times, SELLER shall also obtain a Receipt for Payment and an Affidavit and a Release from each Materialman, Fabricator, Subcontractor, or Supplier and shall provide those documents to OWNER. Upon the delivery of these Receipts, Affidavits and Releases, and upon the approval of the OWNER that the work has been completed in a good and workmanlike manner and in accordance with the Contract Documents, the OWNER will pay to SELLER the bid price set forth herein, less retainage and withholding as herein provided.

Receipt and Release. As a condition of approval and payment of SELLER’s invoices, SELLER shall furnish to OWNER together with each of SELLER’s invoices, a Receipt for Payment and an Affidavit affidavit and a Release stating that all material used in said job has been paid for, and all laborers used on said job have been paid in full, and that there is no outstanding claim or lien against said job or equipment or against any bond concerning this project. At the same times, SELLER shall also obtain a Receipt for Payment payment and an Affidavit affidavit and a Release from each Materialman, Fabricator, Subcontractor, or Supplier and shall provide those documents to OWNER. Upon the delivery of these Receipts, Affidavits and Releases, and upon the approval of the OWNER that the work has been completed in a good and workmanlike manner and in accordance with the Contract Documents, the OWNER will pay to SELLER the bid price set forth herein, less retainage and withholding as herein provided.