Payment Documents definition
Examples of Payment Documents in a sentence
To induce Grantee to enter into the Current Supplement Documents and to pay the Current Purchase Price Payment, Grantor hereby covenants with Grantee that Grantor will perform all of its covenants and duties under the Production Payment Documents, all as fully as if they were set out in full herein.
This Supplement and the other Current Supplement Documents are Production Payment Documents, and all provisions in the Purchase Agreement pertaining to Production Payment Documents (including the arbitration provisions of Section 6.9 of the Purchase Agreement) apply hereto and thereto.
No payment shall be due to the Contractor until the Contractor shall submit new Final Payment Documents in accordance with the Owner’s Representative’s statement nor until the Owner’s Representative and the Owner shall have approved such documents in writing.
Upon receipt of the Owner’s Notice pursuant to Section 7.5 above, the Contractor shall submit to the Owner, in proper form, all Final Payment Documents, plus such other documentation as the Owner may require.
If the Owner’s Representative or the Owner are not satisfied with the accuracy or completeness of the Progress Payment Documents, the Owner’s Representative shall return the Progress Payment Documents to the Contractor together with a statement listing inaccurate and incomplete items.