Application and Certificate for Payment definition

Application and Certificate for Payment means an application for payment in the form of American Institute of Architects Document G702, Application and Certificate for Payment, and American Institute of Architects Document G703, Continuation Sheets, showing by trade the cost of work on the Project and the cost of materials incorporated into the Improvements or stored on the Land, all to be stated in the Application and Certificate for Payment, which Application and Certificate for Payment shall be signed by the Contracting Party, the appropriate Contractor under the Construction Contracts and the Architect, Engineer or Project Manager and shall show the percentage of completion of each construction line item on the Approved Budget.
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Application and Certificate for Payment means each of the requisitions and conditional waiver of liens, substantially in the form prescribed by American Institute of Architects Document G702-1992, Application and Certificate for Payment (or such other form or forms as may be approved by the Issuer in writing), as modified and attached to the Cooperative Agreement as Exhibit C.
Sample 1

Examples of Application and Certificate for Payment in a sentence

  • Based on Project Site observation, the Design Professional shall review the Contractor’s Application for Payment and determine the amount owed to the Contractor and shall certify to the Owner the Contractor's Application and Certificate for Payment.

  • Based on project site observation, the Design Professional shall review the CM/GC’s Application for Payment and determine the amount owed to the CM/GC and shall certify the CM/GC's Application and Certificate for Payment.

  • If at the time CMR requests Final Payment there are claims pending which were submitted in strict compliance with the claims submission requirements of the Contract Documents, the Owner may pay undisputed portions of the Final Application and Certificate for Payment as if it were an Application and Certificate for Partial Payment.

  • This data shall be attached to the Application and Certificate for Payment (AIA Document G702).

  • The CMR must submit applications for payment using AIA Document G702 - Application and Certificate for Payment.

  • Upon written notification by the CMR that the Work is Finally Complete, and upon the CMR's submission of a final Application and Certificate for Payment, the Owner’s Representative will conduct a final inspection of the Work.

  • The forms to be utilized shall be the Owner’s established Application and Certificate for Payment and related Continuation Sheet.

  • Prime Contractor's Application for Payment shall be filed on the current version of AIA Form G702 (Application and Certificate for Payment), as approved by the Owner.

  • Contractor shall submit to the Project Manager and Architect/Engineer Applications for Payment for properly performed completed Work in triplicate, using the Form of Application and Certificate for Payment attached hereto and incorporated by reference herein as Exhibit 9.

  • Collect all payment documents required and forward to the Construction Project Manager for processing along with the Contractors Final Application and Certificate for Payment.

Related to Application and Certificate for Payment

  • Certificate form means the form on which the certificate is delivered or issued for delivery by the issuer.

  • Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.

  • Related Certificate Group As to any Combinable Class or RCR Class, a Certificate Group that includes such Class.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Related Certificates For each interest in the Upper Tier REMIC, the Class of Certificates listed on the same row in the table entitled "Upper Tier REMIC" in the Preliminary Statement.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Initial Certificate Balance means $[ ].

  • Original Certificate Balance means $38,461,539.71.

  • Certificate Group Each of the Group 1 Certificates and the Group 2 Certificates.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Subordinated Certificates As specified in the Preliminary Statement.

  • Certificate re Non-Bank Status means a certificate substantially in the form of Exhibit F.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.