Examples of Project Bank in a sentence
Option Y(UK)1 Project Bank Account Optional Clients strongly encouraged to use.
The Contractor has established a Project Bank Account to make provision for payment to the Contractor and the Named Suppliers.
A payment made into the Project Bank Account pursuant to this special condition does not prejudice the right of either party to dispute whether the amount so paid is the amount properly due and payable and on determination of the amount so properly due and payable, the Principal or Contractor, as the case may be, is liable to pay the difference between the amount of such payment and the amount so properly due and payable.
Effect of payment Payments made into the Project Bank Account by the Principal are deemed to be payments made to the Contractor under the Contract.
Without limitation to any other provision of the Contract, upon payment into the Project Bank Account of any amount which includes the value of an item of unfixed plant and materials, the item shall be the property of the Principal free of any lien or charge.
If the Principal is liable to pay the difference, it must (subject to the rights of the Principal pursuant to clause 42) be paid into the Project Bank Account by the Principal upon receipt from the Contractor of a properly completed Progress Payment Instruction.
Subject to the provisions of the Contract, where any Progress Certificate certifies amounts due from the Principal to the Contractor, following receipt by the Principal of a properly completed and valid Progress Payment Instruction(s) and Payment Report, the Principal must pay the amount shown in the Progress Certificate into the Project Bank Account within the time for payment specified in item 6 of Appendix A.
Charges shown on the return record are not final and are subject to our review.
Unit Positions New non-temporary positions that may hereafter be created by Appalachian Voices shall be included or excluded from the Bargaining Unit based on the criteria in Section 1 of this Article.
If the Authority, hubco and the Contractor do not agree that payments to the Below Threshold Sub-Contractor should be made through the Project Bank Account then hubco shall write to the Authority and fully explain the reasons for the failure to so agree.