Requisition for Payment definition
Examples of Requisition for Payment in a sentence
Not more often than once a month, and on a date established at the Project Pre-Construction Conference, the CM will submit to the Project Manager for review the Estimate and Requisition for Payment Form (EADOC Software).
Not more often than once a month, and on a date established at the Project Pre-Construction Conference, the CM will submit to the Project Manager for review the Estimate and Requisition for Payment Form (SYNCHRO Software).
For purposes of the foregoing and all other purposes related to the Bond, “Costs of the Project,” “Purchaser’s cost of such items,” and “cost to the Company,” as mentioned in the attached form of Certificate and Requisition for Payment, shall be the Purchaser’s actual cost.
Unit Price Contracts shall have the bid proposal prices incorporated into the Estimate and Requisition for Payment.
In making any such disbursement from the Costs of Issuance Fund, the Trustee may rely conclusively on such Requisition for Payment and the Trustee shall be relieved of all liability with respect to making such disbursement in accordance with such Requisition for Payment without any investigation.
For purposes of the foregoing and all other purposes related to the Bond, “Costs of the Project,” “Purchaser’s cost of such items,” and “cost to the Company,” as mentioned in the attached form of Certificate and Requisition for Payment, shall have the meaning set forth in the Bond Resolution with respect to “Costs of the Project” and shall be determined based on the Purchaser’s or the Company’s actual cost.
If sufficient liquid funds are not available to the Depositary at the time of presentment of a Certificate and Requisition for Payment due to the particular form of Project Fund investments or a lack of funds, payment of such Certificate and Requisition for Payment shall be delayed until liquid funds or additional funds sufficient to satisfy the requirements of this Section are received by the Depositary.
Payment to the Developer for Eligible Project Costs as set forth by the Act shall be made by a Requisition for Payment of Private Development Redevelopment Costs (see Exh ib it 2) (the “Requisition”) submitted by the Developer to the City’s TIF administrator Jacob & ▇▇▇▇▇, Ltd., with copy to The Economic Developer Group, Ltd.
Upon approval of the schedule of values by the OWNER'S REPRESENTATIVE, it shall be incorporated into the Estimate and Requisition for Payment form No. GSD:011 prescribed by the DISTRICT.
At a minimum, an up-to-date schedule shall be submitted with each Requisition for Payment, and within seven Days following receipt of information by the Construction Manager, which the Construction Manager believes may result in a change of completion date.