Agenda - 06-26-1990 - Laserfiche WebLink

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ARTICLE 6 FINAL PAYMENT Final payment, constitming the entire unpaid balance of the Contract $tllll, shall be made by the Owner to the Contractor when (1) the Can mict has been fully performed by the C:onu•actor except for the Contractor's responsibility to correct nonconforming Work acs provided in 5uhparagr.q)h 12.2.2 of the General Conditions -umd to satisfy other requirements, if any, which necessartly sun i\ e final payment, and (2) a final Certif1Catc for Payment has been issued I.�y the Architect; such find payment shall be made b�; the Owner not more than : 0 cla \'S after the issuance Of the Architect's final Certificate for Payment, or as follows: ARTICLE 7 MISCELLANEOUS PROVISIONS 7.1 Where reference is made in this Agreement to a provision of the General Conditions or another Contract Document, the reE erence refers to that provision as amended or supplemented by other provisions of the Contract Documents. 7.2 Payments clue and unpaid under the Contract shall bear interest frorn the date payment is clue at the rate stated below, or in the absence thereof, at the legal rate prevailing from rime to time at the place nrhere the Project is located. (luserl rate (I inrer'est agreed 11prur, if any.) (Cs1try /atus and r-equip- enrertls under-The Fecler'al 7-nah in Lending Act, sinular• state and local consumer cr erlil Incas and triher regudations ar lbe (ju -net's curd C'Jreh•ucrur-;e pr- irlc;ipal places of brlsAress, The locaIion of the Project card elsett-here may affect The validity of 115is provision. Legal advice should be obtained u irb respect 10 deletions op, uroAificnliorrs, and also regca•ding requirements such as written disc /oscer'es or, wah,ers.) 7.3 Other provisions: ARTICLE 8 TERMINATION OR SUSPENSION 8.1 The Contr•.ICT may be ternminated by the Owner or the Contractor as provided in Article 14 of the General Conditions. 8.2 'flme Work 11ma \' be SIISDC11detl by the O\vner as provided in Article 14 of the General Conditions. AIA DOCUMENT A101 • OWNER - CONTRACTOR AGRFENIENT - TWELFTH EDITION - AIA' - c)1987 THL' A EMCA < OI= .^,rCHI ::TS, 17"5 NFW YORK A ENt;I:, N.W., 'xASHINGTONN, D.c:- 21xK,r3 A101 -1987 5