Phase II Request definition
Examples of Phase II Request in a sentence
Owner agrees to use commercially reasonable efforts to cause an approved Phase II Request for Payment to be paid to Developer no later than fifteen (15) calendar days following Owner’s receipt of Developer’s fully completed Phase II Request for Payment (unless such date falls on a weekend or holiday, then on the next Business Day).
Following Owner’s receipt of Developer’s fully completed Phase II Request for Payment (unless such date falls on a weekend or holiday, then on the next Business Day), and approval thereof by the Architect and the County, the Owner shall have ten (10) calendar days to review the Phase II Request for Payment and respond with any objections or request for clarifications from Developer or the Phase II General Contractor, or alternatively, to approve the Phase II Request for Payment.
Upon receipt of the Phase II General Contractor’s application for payment, Developer shall timely submit to Owner for approval a certified request for payment in the form attached to this Amendment as Exhibit "3" (each, a "Phase II Request for Payment").
Each Phase II Request for Payment shall set forth the value of that portion of the Phase II Work completed according to the Phase II Schedule of Values and the sum of all prior payments, and shall request payment in such amount, less the aggregate of all prior payments.
Immediately upon the approval of a Phase II Request for Payment, Owner shall requisition the County to timely pay the Phase II Request for Payment in accordance with the terms hereof.
Owner shall make payment upon such Phase II Request for Payment in the manner set forth herein for other Phase II Requests for Payment.
Except with the consent of the Owner and the County, no Phase II Request for Payment shall seek payment for retainage Developer is entitled or required to withhold from the Phase II General Contractor under the Phase II Construction Contract.
Upon Substantial Completion of the Phase II Work, Developer shall submit a Phase II Request for Payment that shall set forth all amounts due and remaining unpaid, including ninety percent (90%) of funds retained by Owner under Paragraph F hereof, less an amount equal to one hundred fifty percent (150%) of the value of Punch List items.
Each Phase II Request will state with reasonable specificity (i) the actual or potential “recognized environmental conditions” identified and (ii) the proposed scope of the Phase II assessment, including a description of the activities to be conducted, and a description of the approximate location and expected timing of such activities.
Each Phase II Request for Payment shall include the cost of Materials not incorporated in the Phase II Work, but delivered and suitably stored at the site of the Project or at some other mutually agreed-upon location.