RETAINED PERCENTAGE. 21.1 If this Contract requires one hundred (100%) percent performance and payment security, then as further security for the faithful performance of this Contract, the Commissioner shall deduct, and retain until the substantial completion of the Work, five (5%) percent of the value of Work certified for payment in each partial payment voucher.
RETAINED PERCENTAGE. 54.1. The Commissioner may deduct, and retain until the substantial completion of the Work, up to ten (10%) percent of the value of Work certified for payment in each partial payment voucher. The percentage to be retained is set forth in Schedule A.
RETAINED PERCENTAGE. As to any Transaction and the related Excess MSRs, 100% minus the applicable Sold Percentage as set forth in the related Trade Confirmation.
RETAINED PERCENTAGE. The City will make progress payments in the amount of ninety-five percent (95%) of the estimated value of the Work completed, and 95% of the value of material and equipment delivered and stored at the site or suitably stored, insured and warehoused off-site. The City will retain the remaining five percent (5%) until such time as the Work is substantially complete, all punch-list work is completed, all final waivers and releases of lien are given, all warranties, operating manuals, approved shop drawings, and other contract requirements are fulfilled. The Project Manager has the discretion to reduce retainage below 5% based upon the Contractor's progress at achieving final completion of the Work. Any remaining retainage will be held until issuance of the final certificate of occupancy for the Work, with the exception of the last 1% of the total contract amount for the Work which the City shall hold to secure the guaranty as described in Section 5.05 herein.
RETAINED PERCENTAGE. (1) Notwithstanding any other deductions allowed for by the Contract or as required by law, when progress payments are made, the Authority will retain five percent (5%) of each requested and approved progress payment, which will be released 45 days following Contract Close-Out, subsequent to the following conditions:
RETAINED PERCENTAGE. For policies with an Excess Reinsurance Basis as shown in Exhibit III: 100% of the Policy face amount for amounts of $1.75MM or less 10% of the Policy face amount for amounts over $1.75MM up to $46.75MM (or automatic binding limit if less) 100% of the Policy face amount for amounts over $46.75MM (or automatic binding limit if less) For policies with a First Dollar Reinsurance Basis as shown in Exhibit III: 10% of the Policy face amount for amounts up to $46MM (or automatic binding limit if less) 100% of the Policy face amount for amounts over $46MM (or automatic binding limit if less) Note 1: Professional Athlete Share for policies with an Excess Reinsurance Basis as shown in Exhibit III is 25%. Professional Athlete Share for policies with a First Dollar Reinsurance Basis as shown in Exhibit III is 20%.
RETAINED PERCENTAGE. The Ceding Company will retain, and not otherwise reinsure, an amount of insurance on each policy equal to its quota share percentage of the policy as set forth in Section 2 of Schedule A. If the Ceding Company's scheduled retained quota share percentage is zero, automatic reinsurance is not available.
RETAINED PERCENTAGE. 7.1 If the Contract requires a hundred percent (100%) performance and payment security then, as further security for the faithful performance of the Contract, the Owner shall deduct, and retain until the Final Completion of the Work, five percent (5%) of the value of Work certified for payment in each partial payment voucher. Final Completion shall include but not be limited to punchlist, warranties and all closeout documentation.
