Examples of Pay Less Notice in a sentence
Not prior to the issue of the Payment Notice and not later than the Final Date for Payment CBRE may give the Sub-Contractor written notice (the “Pay Less Notice”) of CBRE’s intention to pay less than the amount specified in the Payment Notice and the Pay Less Notice shall state the sum CBRE consider to be due on the date the Pay Less Notice was issued and the basis upon which the sum was calculated.
A Pay Less Notice must specify the sum the Payer considers to be due on the date the Pay Less Notice is served and the basis on which that sum is calculated.
Unless the Client has served a Pay Less Notice, it shall pay the Notified Sum on or before the Final Payment Date.
The failure to issue a Pay Less Notice where a right to withhold would otherwise exist shall not be construed as a waiver of the right to withhold any sum at any time.
Where a Pay Less Notice is given, the payment to be made on or before the final date for payment shall not be less than the amount stated as due in the notice.