Undisputed Amount definition

Undisputed Amount shall have the meaning set forth in Section 4.4.

Undisputed Amount means an amount owed by a Contractor to a subcontractor for which there is no good faith dispute. Such “undisputed amounts” include, without limitation, (a) retainage which had been withheld and is, by the terms of the agreement between the Contractor and subcontractor, due to be distributed to the subcontractor and (b) an amount withheld because of issues arising out of an agreement or occurrence unrelated to the agreement under which the amount is withheld.

Undisputed Amount shall have the meaning ascribed to such term in Section 7.4(a).

Examples of Undisputed Amount in a sentence

• Any amount that is not the subject of an Agreement Dispute (an “Undisputed Amount”) that is not paid when due shall be subject to a late payment fee computed daily at a rate equal to the Applicable Rate from the due date of such amount to the date such amount is paid (for example, if an Undisputed Amount were not paid for five days the late payment fee would be equal to 5/365 multiplied by the Applicable Rate).

• Notwithstanding anything to the contrary contained herein, in the event Recipient fails to make a payment of any Undisputed Amount when due hereunder, and such failure continues for a period of sixty (60) days following delivery of notice to Recipient of such failure, the Provider shall have the right to cease provision to Recipient of the Services related to such Undisputed Amount until such overdue payment (and any applicable late payment fee accrued with respect thereto) is paid in full.

• Escrow Agent shall disburse a Noteholder's Escrow Funds, at any time and from time to time, on the fifteenth day after receipt of and in accordance with a Noteholder's Certificate of Undisputed Amount and Direction from such Noteholder's Representative.

• Any Noteholder's Certificate of Undisputed Amount and Direction, Noteholder's Certificate of Allowed Amount and Direction, Noteholder's Certificate of Allowed Fee Amount and Direction, or Company's Certificate of Non-Allowed Claim and Direction shall be delivered to all Representatives concurrently with its delivery to the Escrow Agent.

• If the Indemnified Party and the Indemnifying Party agree at or prior to the expiration of such 30 day period (or any mutually agreed upon extension thereof) to the validity and amount of the Claim, the Indemnifying Party shall immediately pay to the Indemnified Party the Undisputed Amount.

More Definitions of Undisputed Amount

Undisputed Amount means the portion of the Earn Out Amount, if any, which is not in dispute as of May 15, 2003, pursuant to Section 5 hereof.

Undisputed Amount means a good faith, valid, accurate, timely request for payment which has been submitted to any entity owing money, that the recipient of the request for payment has reviewed and agrees that the money is due and owing.

Undisputed Amount means an amount owed by a contractor to a

Undisputed Amount has the meaning set forth in Section 8.6(d).

Undisputed Amount means an amount owed by Consultant to a subcontractor for which there is no good faith dispute, including any retainage withheld, and includes an amount withheld because of issues arising out of an agreement or occurrence unrelated to this Agreement.

Undisputed Amount shall have the meaning set forth in section 5A(ii).

Undisputed Amount means a Noteholder's 2% Differential Claim, plus interest on such Noteholder's 2% Differential Claim from the date hereof through the date of payment of such Noteholder's 2% Differential Claim, at the applicable default interest rates under such Noteholder's Notes. Escrow Agent shall have no liability or responsibility to question or determine the accuracy or reasonableness of any Undisputed Amount.