Orange County NC Website
<br />5.2.2 The Owner's Etna[ payment to the Contractor shall be made no later than 3o days after the <br />issuance of the Architect's final Certificate for Payment, or as follows: <br />ARTICLE 6 TERMINATION OR SUSPENSION <br />6.i The Contract may be terminated by the Owner or the Contractor as provided in Article >4 <br />of AIA Document Azoi-997. <br />6.2 The Work may be suspended by the Owner as provided in Article i4 of AIA Document <br />A2o1-1997. <br />ARTICLE 7 MISCELLANEOUS PROVISIONS <br />~1 Where reference is made in this Agreement to a provision of AIA Document Azol-1997 or <br />another Contract Document, the reference refers to that provision as amended or supplemented <br />by other provisions of the Contract Documents. <br />7.2 Payments due and unpaid under the Contract shall bear interest from the date payment is <br />due at the rate stated below, or in the absence thereof, at the legal rate prevailing From time to time <br />at the place where the Project is located. <br />(Insert rate of interest agreed upon, if any.) <br />(Usury laws and requirements under the Federal Truth in Lending.~ct, similar state and tocai consurraer credit <br />luxes and other regulations at the Owrter's and Contractor's principal pliues of bruine;s, the location of the <br />1'rvject arrd elsewhere may afJ~ect the validity of this provision. Legal advice should be vbtai~md with respect to <br />del,-ti.uris ur ruodificatiorts, arrd also regarding requirements such as !t~rittcrz disclosarro's er t:~aivers.) <br />7.3 The Owner's re{?resentative is: <br />(r'arrre, address and other irrformatior>) <br />Mactec Engineering and Consulting, Inc. <br />3301 Atlantic Ave <br />Raleigh, NC 27604 <br />7.4 The Contractor's representative is: <br />(Name, address and other information) <br />James Russo <br />CFE, Inc. <br />2026 Production Dr. <br />7.5 {Ve~ler~he Owner's ~ocihe~ontractor's representative shall be changed without ten days' <br />written notice to the other party. <br />7.5 Other provisions: <br />None <br />i11) <br />o, o <br />o. .o <br />°aQIJO° <br />~~ <br />® 1997 AIA® <br />AIA DOCUMENT A10T-1997 <br />OWNER-CONTRACTOR <br />AGREEMENT <br />.. -...... ...„__.. __J _~_._ _... +.. _ ..e.. t_._. „ ~ .~~.,..ij~ 1......w.I ...{II ...{.irk il.. .,.,.I~M~ M Iwwfl wwweViii{ww <br />The American Institute <br />of Architects <br />1735 New York Avenue, N.W. <br />Washington, D.C. 20006-5292 <br />