Payment of Retention Sample Clauses

Payment of Retention. The retention percentage stated in the Particular Conditions shall be deducted from any sum due to the Contractor under this contract (“Retention”). The Retention shall be paid to the Contractor in accordance with clause 8.1 following submission of an invoice by the Contractor after issue of the Certificate of Final Completion. Following issue of the Certificate of Substantial Completion, if agreed by UNICEF, the Retention shall be paid to the Contractor if the Contractor submits to UNICEF an unconditional on demand retention bond for the full value of the Retention which shall be enforceable until issue of the Certificate of Final Completion in a form and from a surety acceptable to UNICEF.
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Payment of Retention. 14.9 This Sub-Clause is not applicable Discharge 14.12 This Sub-Clause is not applicable Clause 15 Termination by Employer 15.2 The Sub clause 15.2 (a) is amended to read as under: Item Sub- Clause Data “fails to comply with Sub clause 4.25 ( Contractor Finance) or with a notice under Sub clause 15.1 [Notice to correct]” Payment after Termination 15.4 In paragraph of Sub clause 15.4 (b), add the words “ approval of” after the word “withhold” In paragraph of Sub clause 15.4 (c), Add after the word Contractor in third line “from any Repayment due to the Contractor” Employer’s Entitlement to Termination 15.5 Add the following paragraph after the 2nd paragraph of Sub clause 15.5 “If the Financier has suspended disbursements from which payments to the Contractor are being made, in whole or in part, for the execution of the Works, and no alternative funds are available as provided for in Sub-Clause 4.25 [Contractor Finance], the Employer may proceed for termination in accordance with Clause 15.2 not less than seven days after the Employer having received the suspension notification from the Contractor”.
Sample 1
Payment of Retention. Under the Interim Services Agreement the Authority withheld £97,000 from the full payment due for the services under that Interim Services Agreement (the “Retention”). The Authority shall pay the Contractor the Retention within twenty (20) days of receipt of a valid invoice.
Sample 1
Payment of Retention. Subject to paragraph 4 below, below the Retention shall be paid by the Purchaser to POH in the following manner: 30 September 2004: (pound)500,000 30 September 2005: (pound)500,000 30 September 2006: (pound)500,000 30 September 2007: (pound)529,221 -------------- (pound)2,029,221 30 Interest Interest will accrue on the unpaid amount of the Retention from 30 September 2003 at LIBOR, and (subject to paragraph 4 below) become payable on an Interest Payment Date. Interest accrued but unpaid shall be compounded at annual rests on the basis of a 365 day year.
Sample 1
Payment of Retention. The Escrow Amount shall be released in accordance with clause 8 of the Escrow Agreement.
Sample 1

Related to Payment of Retention

  • Record Retention The Company will, pursuant to reasonable procedures developed in good faith, retain copies of each Issuer Free Writing Prospectus that is not filed with the Commission in accordance with Rule 433 under the Securities Act.

  • Payment of RSUs The RSUs will become payable if the Restriction Period lapses and Grantee’s right to receive payment for the RSUs becomes nonforfeitable (“Vest,” “Vesting” or “Vested”) in accordance with Section 3 and Section 4 of this Agreement.

  • Payment of Fee The cash management fee referred to in Clause 9.1 (Fee Payable) shall only be payable to the Current Issuer Cash Manager on each Payment Date in the manner contemplated by, in accordance with and subject to the provisions of the Current Issuer Pre-Enforcement Revenue Priority of Payments or, as the case may be, the Current Issuer Post-Enforcement Priority of Payments.

  • Payment of Bonus Within fifteen (15) days of such termination, the Company shall pay to the Executive his Target Bonus pursuant to Section 3(b), prorated for the number of days of employment completed by the Executive during the year in which his employment terminated.

  • Payment of Bonuses The Bonus payable to an Executive for any Fiscal Year shall be paid in accordance with the following provisions:

  • Payment of Fees All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to the Issuing Lender, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders entitled thereto. Fees paid shall not be refundable under any circumstances.

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

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