Payment Certification definition

Payment Certification means the Contract Administrator’s statement of the sums certified to be paid by the City to the Contractor with reference to its interim and final progress estimates and/or the Contractor’s Proper Invoice;

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Payment Certification means a statutory declaration of an authorized officer of a KCN Investment Entity disclosing all material information regarding the source of the monies proposed to be used by the KCN Investment Entity to make a Cash Payment, including notarized true copies of relevant documentation in connection therewith, sufficient to enable the Limited Partnership to make a determination that the proposed monies constitute Permitted Funds.

Payment Certification means a payment certification, complying with applicable Treasury regulations delivered to the United States Department of the Treasury, setting forth payment instructions to make the NextWave Payment in accordance with Section 4.

Examples of Payment Certification in a sentence

• Prime Contractor must submit the MTS Prompt Payment Certification Form to the MTS Contracts Administrator if any Subcontractors.

• Contractor/Consultant shall submit a Contract Close-Out DBE Payment Certification (DBE-18) form completed by the contractor/consultant and each DBE along with its final request for payment, in addition to a final DBE Utilization Report (DBE-16) covering the entire project.

• A completed Prompt Payment Certification Form 2177 must be submitted each month and the month following the month when final acceptance occurred at the end of the project.

• Any payments made by the Insurer to the Trustee under the Insurance Policy shall be applied solely to the scheduled payment of the Securities in accordance with the Interest and Principal Payment Certification, and for no other purpose.

• If the Company elects to pay interest by treating such amounts as PIK Interest as aforesaid, the Company shall so specify in the Interest and Principal Payment Certification which shall be delivered to the Trustee by no later than 11:00 a.m. New York City time on the third Business Day prior to the Interest Payment Date on which the respective interest payment is due and payable, which certification shall specify the amount of interest that will be payable in cash, if any, and in the form of PIK Interest.

• Any amounts paid by the Insurer to the Trustee shall be deposited into the Distribution Account and shall be paid by the Trustee or the Paying Agent to Holders in respect of the applicable principal and/or interest payment in accordance with the Interest and Principal Payment Certification, in each case, on the later of (i) the related Interest Payment Date and (ii) the Business Day received.

• Proof of Payment Certification Submitted by the selected service provider with each payment application, listing payments made to sub consultants.

• The DB Contractor must provide a certification of prompt payment, the Prompt Payment Certification Form 2177, to certify that all Contractors and Suppliers were paid from the previous month’s payments and retainage was released for those whose work is complete.

• Provide a certification of prompt payment, the Prompt Payment Certification Form 2177, to certify that all subcontractors and suppliers were paid from the previous months payments and retainage was released for those whose work is complete.

• The Developer must provide a certification of prompt payment, the Prompt Payment Certification Form 2177, to certify that all Contractors and Suppliers were paid from the previous month’s payments and retainage was released for those whose work is complete.