Principal Subcontractor definition
Examples of Principal Subcontractor in a sentence
The Borrower shall cause each Principal Subcontractor to maintain in full force and effect at all times on and after the Initial Closing Date and continuing until the Project Completion Date insurance policies as specified in, and otherwise complying with the insurance requirements set forth in, the Principal Subcontract to which such Principal Subcontractor is a party.
Notwithstanding any assignment of financial deductions and incentives associated with Small Business and Workforce Goals being made, no such assignment Central 70 Project: Project Agreement Execution Version Schedule 15 (Federal and State Requirements) (including, for certainty, an assignment to a Principal Subcontractor) shall relieve the Developer of its responsibility in meeting its Small Business and Workforce Goals outlined in Sections 6.2 and 6.3 of this Schedule 15.
The Principal Subcontractor [and the Guarantor] shall [each] be bound to comply with obligations identical to the confidentiality obligations that the Primary Contractor is obligated to comply with under the Project Agreement in relation to all information obtained by the Principal Subcontractor [or the Guarantor, as the case may be] from any other party under or in connection with the Project.
Neither the Collateral Agent nor the Enterprises shall be entitled to call on such Contractor Bond or to use any proceeds of any call on any such Contractor Bond to satisfy performance obligations of Developer or any Principal Subcontractor (as applicable) under the Project Agreement or relevant Principal Subcontract (as applicable) until any such outstanding payment obligations have been fully satisfied.
Notwithstanding the foregoing, AIL does not have the unilateral right to revoke Contractor's use of any Principal Subcontractor as a Subcontractor hereunder.
The Contractor shall use all reasonable endeavours (and shall procure that the Principal Sub-contractor uses all reasonable endeavours) to ensure that all other sub-contracts entered into by any Sub-contractor (or any of its or their respective sub-contractors) comply with Government policy from time to time regarding the time when the relevant sub-contractor is entitled to payment for services provided by that sub-contractor.
The Principal Subcontractor[, the Guarantor] and the Primary Contractor acknowledge that they are aware of the provisions of the Financial Administration Act (British Columbia).
The Principal Subcontractor [and the Guarantor] acknowledge that the Province and BCTFA shall not be required to obtain its [their] consent to any such assignment or transfer unless they are required to obtain the consent of the Primary Contractor thereto in accordance with Section 18.4(b) of the Project Agreement.
The Contractor shall, and shall procure that any sub-contractor which is a replacement for the Principal Sub-contractor or the Main Sub- contractor shall, on or before the date of execution of the relevant sub-contract, enter into a direct agreement in substantially the same form as the Principal Sub- contractor Direct Agreement or the Main Sub-contractor Direct Agreement, as appropriate.
The Borrower shall cause each Principal Subcontractor to maintain in full force and effect at all times on and after the Closing Date and continuing until the Project Completion Date insurance policies as specified in, and otherwise complying with the insurance requirements set forth in, the Principal Subcontract to which such Principal Subcontractor is a party.