Payment by Owner. Subject to Section 9.4, if at any time there are insufficient funds in the Bank Accounts to pay any installment of the Base Management Fee or the Incentive Management Fee or any expense or other amount which is then due and payable to Manager, Owner shall, within ten (10) business days after receiving a written request therefor from Manager, pay the amount of such installment, expense or amount to Manager.
Payment by Owner. 6.2.1 At any time that the balance of the Receivable Account exceeds 10,000,000 RMB (excluding Service Fee and Receivable Expenses), Servicing Party shall deduct Service Fee and Receivable Expenses, and deposit the remaining sum in the Deposit Account.
Payment by Owner. On or before the twenty-fifth (25) day of each calendar month the Contractor will submit to Owner on AIA form G702 and G703 , or such other form as Owner will require, a written requisition for payment showing the proportionate value of the Work installed to date, from which Contractor will deduct: (a) a reserve of ten (10%) percent ("Retainage") until 80% of the construction has been completer and then no additional retainage; (b) all previous payments; and (c) all other charges for material or service furnished by Owner to Contractor. The balance of the amount of the requisition, as approved by Owner, Architect, or Engineer, as appropriate, will be due Contractor as of the first business day following the fifteenth (15th) day of the succeeding calendar month. With each application for payment Contractor will submit, in form and substance reasonably satisfactory to Owner, lien waivers from each subcontractor paid out of the preceding application for payment and an update of the Job Progress Schedule establishing to Owner's reasonable satisfaction that Substantial Completion will be achieved by the Completion Date. Contractor will not be entitled to payment and no payment 6 7 will be made until all releases are received.
Payment by Owner. Owner further agrees to reimburse Agent for any reasonable cost or expense incurred by Agent to protect the interests of Agent hereunder, within five (5) days after written demand for payment is given to Owner by Agent. Owner also agrees to reimburse Agent for all of Agent’s other reasonable costs incurred hereunder for which Owner is obligated to reimburse or indemnify Agent within thirty (30) days after written demand for such reimbursement is given to Owner by Agent. Any such sum shall bear interest at the interest rate set forth in Section 2.10(c) of the Credit Agreement until paid if it is not paid when due.
Payment by Owner. No later than the twenty-fifth (25th) day of each month after Owner's receipt of an undisputed Application for Payment, Owner shall pay to Contractor by wire transfer to such account as may be designated by Contractor in writing the appropriate amounts for which Application for Payment is made therein. Contractor shall pay all applicable suppliers and Subcontractors the amounts due them with respect to the relevant Application for Payment no later than the last day of the month in which the Application for Payment is received. In the event of a dispute between Owner and Contractor with respect to amounts owing under an Application for Payment, Owner shall pay to Contractor all undisputed amounts of the Application for Payment.
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Payment by Owner. Claims certified by Owner's Representative pursuant to Section 19.3 shall be paid to Westfield within ten (10) days after the receipt by Owner of the certificate issued by Owner's Representative. Payments made by Owner to Westfield pursuant to this Section 19.4 shall be on account of the payments required to be made by Owner to Westfield pursuant to Section 18.1 hereof (other than the Development Fee and the fees payable under the Leasing Agreement). Neither payment by Owner nor possession of the work or materials for which such payment is made constitutes Owner's acceptance of defective work or waiver of subrogation.
Payment by Owner. Owner shall pay the entire undisputed amount of each payment claim within ten (10) days after the receipt by Owner of the payment claim.
Payment by Owner. Promptly after the Project Manager has issued a certificate for payment, the Owner shall submit the appropriate documentation to the Owner , who shall make payment to Contractor within 30 days thereafter. All materials and work covered by payments made shall thereupon become the sole property of Owner, and this provision shall not be construed as relieving Contractor from the continuing responsibility for all materials and work upon which payments have been made or the restoration of any damaged work, or as a waiver of any right of Owner to require the fulfillment of all terms of this Agreement. Title to all work completed in the course of construction and to all materials, including the specifications and other documents prepared by the Project Manager and/or the Contractor on account of which payment has been made shall be vested in Owner.
Payment by Owner. Subcontractor acknowledges that Subcontractor’s Work is a portion of the work for the Project, and that payment for Subcontractor’s Work by WINTER XXXXXXX is conditioned upon payment for Subcontractor’s Work by Owner. Subcontractor warrants and represents that it relies for payment of Subcontractor’s Work on the credit and ability to pay of Owner, and not of WINTER XXXXXXX, and that Subcontractor undertakes the risk that it shall not be paid for Subcontractor’s Work in the event WINTER XXXXXXX is not paid by Owner for such Work. Except for confidential information, Subcontractor may review any information provided by Owner to WINTER XXXXXXX relative to Owner’s financial ability to pay for the Work. Payment by the Owner to WINTER XXXXXXX shall be an absolute condition precedent to WINTER XXXXXXX’x (or its surety’s) obligation to make any progress payments, final payment or release of retainage to Subcontractor. This subparagraph shall not void any right of Subcontractor to file and take necessary legal action to preserve a claim of lien or claim against a bond.
