Payment Receipts definition

Payment Receipts. Lien Releases" from all contractors, subcontractors or suppliers in the form of EXHIBIT B-2 or such other form as Administrative Agent may approve;
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Payment Receipts means receipts from contractors, subcontractors and suppliers evidencing payment of Hard Costs. 1.25 "Plans" shall mean collectively the final plans and specifications prepared by Borrower, Project Architect or the General Contractor, and approved by Huntington, which describe and show the labor, materials, equipment, fixtures and furnishings necessary for the Completion of the Project, including all amendments thereto and modifications thereof made by approved Change Orders. 1.26 "Project" shall mean the renovation of the existing mall known as Eastland located on the Property. 1.27 "Project Architect" shall mean _________________________. 1.28 "Property" shall mean the real property described in the Mortgage, upon which the Project is to be developed and constructed. 1.29 "Retained Amounts" shall mean ten percent (10%) of the Hard Costs incurred, on a contract by contract basis, until the Contractor under a particular General Contract has performed fifty percent (50%) of the work required to be performed thereunder. Thereafter there shall be no retainage for Hard Costs unless the General Contract or General Contracts provide for retainage in which event retainage from the loan proceeds shall be in that amount. Such 3 <PAGE> retainage shall be advanced upon presentation to Huntington of a certificate from the Project architect that such General Contract has been fully performed and verification of such performance by ▇▇▇▇▇▇▇▇▇▇'s architect. Notwithstanding the foregoing, retainage with respect to future tenant improvements shall be separately retained and advanced on substantially the same basis. 1.30 "Requisition" shall mean a statement executed by Borrower which is to be delivered to the Agent setting forth the amount of the Loan advance requested in each instance and including:
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Payment Receipts means receipts from contractors, subcontractors and suppliers evidencing payment of Hard Costs.
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Examples of Payment Receipts in a sentence

  • Examples of correspondence include: Service Order Forms, Invoices, Payment Receipts, Support Tickets, and other communications.

  • Bills and Payment Receipts under this Contract will be sent by email.

  • The MSA including the annexures if any attached hereto, Order Booking Form, Payment Receipts, Inspection Reports, and Delivery Reports and the amendments thereto shall be deemed to constitute the entire agreement of the Parties and supersedes all prior agreements and understanding of the Parties, oral and written, with respect to the subject matter contained herein.

  • Further, Huntington may, in lieu of the presentation of proofs of payment and Payment Receipts with the Requisition for the succeeding month, require the immediate presentation of proofs of payment, Payment Receipts, lien waivers and releases against the advance of Loan proceeds.

  • Property Tax Payment Receipt(s) showing proof of payment for tax year .