Conditional Waiver and Release Upon Progress Payment definition

Conditional Waiver and Release Upon Progress Payment means written statement, in the form of Exhibit “XX”, containing a waiver and release of liens prepared and executed by Contractor or a Major Subcontractor, as applicable.

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Conditional Waiver and Release Upon Progress Payment means a written statement in the form attached hereto as Exhibit F-1, containing a waiver and release of liens prepared and executed by Contractor or a Major Subcontractor (whose contract or contracts with Contractor or any of its Subcontractors require total payments by Contractor or such Subcontractor of Five Million Dollars ($5,000,000) or more (in the aggregate)), as applicable, pursuant to which a Person conditionally waives and releases all mechanic’s liens, stop notices and bond rights with respect to all Work, for which Contractor requested payment in the current Contractor’s Invoice conditioned only upon payment of the amount set forth therein.

Conditional Waiver and Release Upon Progress Payment means a written statement in the form prescribed by California Civil Code §8132, as such form may be amended from time to time, the current form of which is attached hereto as Exhibit F-3.

Examples of Conditional Waiver and Release Upon Progress Payment in a sentence

In addition, Invoices shall include as attachments, without limitation, a Conditional Waiver and Release Upon Progress Payment of Contractor, conditioned only upon payment of the amounts set forth therein, and shall include an Unconditional Waiver and Release Upon Progress Payment of Contractor for payments previously made by Owner pursuant to this Agreement.
Conditional Waiver and Release Upon Progress Payment - Attachment B3.
Each progress payment shall be expressly conditioned upon Contractor’s timely receipt of an accurate Conditional Waiver and Release Upon Progress Payment form.
In addition to the progress billing, submit each month a Conditional Waiver and Release Upon Progress Payment form for the current billing and an Unconditional Waiver and Release upon Progress Payment form for the previous amount paid (see sample forms).
Additionally, no payment shall be made by the Contractor to the Subcontractor for any invoice that is not accompanied by a duly executed Conditional Waiver and Release Upon Progress Payment.
Each Contractor’s Invoice shall identify (x) the related payment set forth on the Payment Schedule that is then due, (y) any other amounts then payable by Owner to Contractor under Article 16 (without limiting Owner’s right to dispute any amounts requested for payment), and (z) any disputed payment amounts resolved and then due, and shall be accompanied by a Conditional Waiver and Release Upon Progress Payment of Contractor for payments to be made pursuant to such Contractor’s Invoice.
All Payment Requests must be accompanied by the Conditional Waiver and Release Upon Progress Payment form attached hereto as Schedule "C-1", from Subcontractor and all of its Sub-subcontractors and suppliers who have supplied labor or materials to the Project for which payment is sought in the current Payment Request.
Conditional Waiver and Release Upon Progress Payment from the contractor(s) and subcontractor for the amount of work completed for which payment is sought.
If progress payments apply to this project, an Unconditional or Conditional Waiver and Release Upon Progress Payment Form shall be submitted to Authority’s Finance Department along with all requests for progress payments.
Contractor shall not be entitled to receive progress payments until Contractor has provided Owner with a Utah Conditional Waiver and Release Upon Progress Payment in the form prescribed by Utah Code ▇▇▇.