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be treated by Contractor as a breach or default under this Agreement. <br />(f ) Subcontractor shall not be entitled to receive final payment until the entire amount of work to be done <br />hereunder has been accepted by Owner and a complete release of any and all claims against Contractor has been delivered <br />by Subcontractor to Contractor. The acceptance of such release shall not relieve Subcontractor of liability for defects in <br />said work. <br />(g) Not withstanding any other provision or interest in the General Contract or contract documents, Contractor <br />shall not pay any interest, finance charges or carrying charges unless or until payment is due and unpaid in accordance <br />with the terms hereof, in which event, provided Subcontractor is not otherwise in breach or default of the terms of this <br />Agreement, payments shall bear interest, finance charges or carrying charges at the rate of eight percent (8%) per annum <br />from the date payment is otherwise due and owing. <br />(h) Subcontractor agrees that monies received for the performance of the work hereunder shall be held intrust <br />for payment for labor and material utilized in performing the Subcontractor's work, and said monies received in payment <br />by Contractor to Subcontractor shall not be diverted to satisfy any other obligations of Subcontractor on work other than <br />this Project and under this Contract. <br />(i) The final invoice must be submitted to the Contractor's South Bend office with the necessary final and <br />unconditional waiver of lien no later than the 25th of the month following the completion of the subcontractor's work. <br />8. Changes. The Subcontractor hereby agrees to promptly make any and all changes and furnish the materials <br />and perform the work that the Contractor may require, without nullifying this agreement, at a reasonable addition to, or <br />deduction from, the contract price, hereinafter named, and pro-rata to the same, i.e., figured on original unit price where <br />applicable, No alterations or changes shall be made, however, except upon the written order of the Contractor prior to <br />commencing any altered or changed work. The amount to be paid by the Contractor or allowed by the Subcontractor by <br />virtue of such alterations shall be stated in such order. The Contractor shall not be liable to the Subcontractor to pay for <br />changes in the scope of work completed by the Subcontractor without authorization of a written Change Order. <br />9. Extras. In no event shall the Contractor be liable to Subcontractor for payment of any extra work <br />Subcontractor performs in addition to that required under Section 4, "Scope of Work", unless prior to performing any such <br />work Subcontractor has obtained the written directive of the Contractor. No employee or agent of Contractor is authorized <br />to direct any extra work by oral order. On any extra work directed by Contractor in accordance herewith Contractor <br />reserves the right to review and adjust, at its sole discretion, any price or charges therefore submitted by Subcontractor. <br />Payment for extra work hereunder shall be governed by the terms of Section 7, "Payment". <br />10. Delays - Extensions of Time - DamaLyes <br />(a) Subcontractor shall only be entitled to an extension of time for performing and completing the work covered by <br />this Agreement upon the same terms and conditions an extension of time is allowed and only to the extent actually allowed <br />to Contractor by Owner, or its representative, under the terms of the General Contract. <br />(b) Any damages to Contractor for delay caused by Subcontractor shall be deducted by Contractor from the <br />agreed price for said work as liquidated damages and not as a penalty, and without limiting the option of Contractor to <br />terminate said Subcontract for default as herein elsewhere provided, but in addition thereto. <br />(c ) Contractor shall not be liable to the Subcontractor for delay to Subcontractor's work by the act, neglect or <br />default of the Owner, Contractor, Architect, or the Engineer, or by reason of fire or other casualty, or on account of riots, or <br />of strikes, or other combined action of workmen or others, or on account of any acts of God, or any other cause beyond <br />Contractor's control, or an account of any circumstances caused or contributed to by the Subcontractor; provided, <br />however, notwithstanding anything else contained herein, the Contractor will be liable to the Subcontractor for damages it <br />incurs as a result of any acts, or failures to act, by the Owner which delays or suspends the Subcontractor's work only to <br />the extent the Owner is liable for such damages and actually pays the Contractor for such damages; it being expressly <br />understood that the only obligation the Contractor has to Subcontractor under this provision is to pass on to the Owner <br />any claim Subcontractor has for damages for delays caused by Owner and to pay to Subcontractor any amounts which the <br />Owner pays to the Contractor as a result of such claim for Owner -caused delays. <br />(d) Should Subcontractor be delayed in his work by Contractor or any of its subcontractors or suppliers, then <br />Contractor shall owe Subcontractor therefore only an extension of time for completion equal to the delay caused and then <br />only if a written claim for delay is made to Contractor within 48 hours from the time of the beginning of the delay; and <br />under no circumstances shall Contractor be liable to pay to Subcontractor any compensation for such Contractor -caused <br />Revised February 2013 <br />3 <br />