Examples of Retention Release Date in a sentence
Subject to clause 47 the retention monies deducted in accordance with clause 39.1 shall be reduced by half in the first payment that becomes due after the First Retention Release Date stated in the Appendix to the Articles of Agreement.
If at the First Retention Release Date the Domestic Sub-Contract Works, including the correction of all known defects, all outstanding works and the provision of all documentation required by this Domestic Sub-Contract, has not been completed by the Domestic Sub-Contractor then the retention monies deducted in accordance with clause 39.1 shall not be reduced by half until the first payment that becomes due after the Domestic Sub-Contractor has completed the Domestic Sub-Contract Works.
The Second Retention Release Date will be amended by delaying it by the period of any extension of time granted to the Domestic Sub-Contractor under this Domestic Sub-Contractor.
Representation of the Bristol channel and the Severn estuary in the 1-D models, depicting examples of cross-sections that represent the channel/estuarine bathymetry and the upstream Swansea bay lagoon area.
If no such payment becomes due within the period equal to the period between the Main Contract Application Date and the payment due date as set out in the Schedule of Valuation Dates of the Second Retention Release Date then a payment shall become due at that time to facilitate the release of the retention monies due to be released.
Subject to clause 49 the balance of retention monies held after the reduction in percentage referred to in clause 46 shall become due within the period equal to the period between the Main Contract Application Date and the payment due date as set out in the Schedule of Valuation Dates after the Second Retention Release Date stated in the Appendix to the Articles of Agreement.
The Company shall have received all other third-party and other approvals as required for the consummation of the transactions contemplated herein.
If no such payment becomes due within the period equal to the period between the Main Contract Application Date and the payment due date as set out in the Schedule of Valuation Dates of the First Retention Release Date then a payment shall become due at that time to facilitate the release of the retention monies due to be released.
Any delay in payment of the retention monies due to be released after the First Retention Release Date will not be deemed to constitute a late payment if withheld by the operation of this clause.
Subject as provided in paragraph 1.3 below the Retention shall be released on the Retention Release Date.