Common use of Release of Retainage Clause in Contracts

Release of Retainage. Within fifteen (15) Days after Final Completion and Owner’s receipt of an Invoice therefore, Owner shall, subject to its right to withhold under this Agreement, release to Contractor all Retainage with the final payment made pursuant to Section 7.3.

Release of Retainage. Within fifteen thirty (1530) Days after Final Mechanical Completion and Owner’s receipt of an Invoice thereforetherefor, Owner shall, subject to its right to withhold under this Agreement, release to Contractor all Retainage other than two hundred percent (200%) of the sum of the value of all Punchlist Work. Subject to Owner’s right to withhold under this Agreement, all remaining Retainage shall be released with the final payment made pursuant to Section 7.3.

Release of Retainage. Within fifteen thirty (1530) Days after Final Completion and Owner’s receipt of an Invoice therefore, Owner shall, subject to its right to withhold under this Agreement, release to Contractor all Retainage with the final payment made pursuant to Section 7.3.