Construction Lien Act definition
Examples of Construction Lien Act in a sentence
The Purchaser hereby agrees to accept the Vendor's covenant of indemnity regarding lien claims which are the responsibility of the Vendor, its trades and/or suppliers, in full satisfaction of the Purchaser's rights under the Construction Lien Act, and will not claim any lien holdback on closing.
Substantial Performance of the Town’s Work is as defined in the Construction Lien Act, R.S.O. 1990, c.
Total Completion shall occur when the Work, except those items arising from the provisions of GC 12.3 – WARRANTY, has been deemed to have been completed in accordance with the applicable provisions of the Construction Lien Act (Ontario) and is so certified by the Consultant as determined by the Consultant in accordance with this Contract, including satisfying the requirements of GC 5.8 – FINAL PAYMENT.
Notwithstanding anything herein contained, the amount of the Letter of Credit shall at all times be sufficient to cover the balance of the costs of the completion of the unfinished Works, including Works deferred for extended periods and the requirements of the Construction Lien Act.
The Parties, and its subsidiaries and affiliates agree to comply with Alberta’s Bill 57 Amendment A1 “Prompt Payment and Construction Lien Act (the “PPCLA”)” including but not limited to prompt payment terms, and dispute resolution regulations.