Retention Moneys definition

Retention Moneys means, if applicable under the Contract, moneys deducted by Synergy under clause A32.1.
Sample 1
Retention Moneys means the sums withheld by the Employer by way of retention pursuant to Clause 68;
Sample 1Sample 2Sample 3
Retention Moneys means the retention moneys withheld by the Principal under Clause 42.3;
Sample 1

Examples of Retention Moneys in a sentence

  • If the moneys deducted by the Principal under clause17.2(b) are insufficient to discharge the payment liability of the Contractor to the Principal, the Principal may have recourse to Retention Moneys or any security provided under the Contract.

  • The Principal may have recourse to any Retention Moneys or security at any time it may be entitled to recover from, or be paid by, the Contractor an amount under the Contract or otherwise.

  • If required by the Minor Works Contract Specifics, the Contractor must provide security equal to the value of the Contract Price or part thereof in lieu of Retention Moneys in the form of an unconditional and irrevocable bank undertaking in a form, and from a financial institution, approved by the Principal, or another form of security, as set out in the Minor Works Contract Specifics.

  • In a “war of attrition” game, aid announced early accelerates the transmission of information, leading to an earlier concession by the loser, while aid that is announced late in the game will only serve to provide the interest groups with additional resources that allow them to keep fighting for a longer period of time.

  • The Principal may deduct Retention Moneys under clause19.2 until the Principal has retained an amount equalling the Retention Sum.

  • If Security is by way of Retention Moneys, then the Contractor may deduct the percentage stated in the Subcontract Particulars of every payment until it has accrued the percentage of the Subcontract Price stated in the Subcontract Particulars.

  • The Contractor must provide Security as set out in the Contract Particulars to the Principal: in the case of Approved Security, within 14 days of the Award Date: or in the case of Retention Moneys, in accordance with clause 11.5(a).

  • Any Retention Moneys (or part thereof) may be set off against Any Excess arising out of the termination of this purchase order (or any part thereof) under Clause 10 above.

  • Retention Security equal to 4% of the Contract Sum in substitution of Retention Moneys (if applicable).

  • If, for any reason, the reserve has a value of less than the said 5 (five) percent at any time prior to the date of issue of the Substantial Completion Certificate for the Works or the Substantial Completion Certificate for the first Section to be completed (but not thereafter), further Retention Moneys up to 10 (ten) percent of the amounts due to the Contractor from time to time will be retained until the reserve is restored to 5 (five) percent of the Tender Total.


More Definitions of Retention Moneys

Retention Moneys means the sums withheld by the Authority by way of retention pursuant to Clause 68;
Sample 1
Retention Moneys means as set out in Sub-Clause 5.3.
Sample 1

Related to Retention Moneys

  • Retention Money means the aggregate of amount retained by the Employer as Security Deposit.

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.

  • Public moneys means all moneys belonging to, received by, or held by, the state, or any city, county, town, district, or public agency therein, or by an officer thereof acting in his or her official capacity, and includes the proceeds of all bonds and other evidences of indebtedness, trust funds held by public pension and retirement systems, deferred compensation funds held for investment by public agencies, and public moneys held by a financial institution under a trust indenture to which a public agency is a party.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Retention Bonus means the amount equal to:

  • Secured Moneys means, without double counting, the aggregate of all moneys owing to the Security Trustee or to a Secured Creditor under any of the Transaction Documents provided that:

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Application Money shall have the meaning ascribed to it in Clause 1.11; “Association” shall mean the body to be created by the Apartment Acquirers;

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Retention means a system designed to prevent the discharge of a given volume of stormwater runoff into surface waters in the state by complete on-site storage. Examples are systems such as excavated or natural depression storage areas, pervious pavement with subgrade, or above ground storage areas.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Earnings Account means, in relation to a Ship, an account in the name of the Owner owning that Ship with the Agent in Hamburg designated “[name of relevant Owner]—Earnings Account” or any other account (with that or another office of the Agent) which replaces such account and is designated by the Agent as that Earnings Account for the purposes of this Agreement and, in the plural, means all of them;

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division);

  • Retention Period has the meaning set forth in Section 6.02.

  • Requisition Compensation includes all compensation or other moneys payable by reason of any act or event such as is referred to in paragraph (b) of the definition of “Total Loss”;

  • Securities Payment has the meaning specified in Section 1302.

  • Available Moneys means:

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Insured”, “You”, “Your means a person:

  • Security Policy means the Authority’s Security Policy annexed to Schedule (Security Requirements and Plan) as updated from time to time.

  • HMG Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division) as updated from time to time.