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4 <br />Uthenvisc, ENG1tJEER will rctuAn thc Application to CON- <br />TRACTOR, indicating in writing the rc:tsons Cor rcCusing to <br />recommend final payment, in which casc CONTRAC"fOR <br />shall make the necessary corrections and resubmit the Appli- <br />cation. Thirty days after prescntation to OWNER of tfie <br />Application and accompanying documentation, in appropri- <br />ate Corm and substancc, and with ENGINEER's rccommcn- <br />dation and notice of acceptability, the amount recommended <br />by ENGINEER witl become due and will be paid by OWN ER <br />to CONTRACTOR. <br />14.14. If, through no fault of CONT'RACTOR, final com- <br />pietion of the Work is significantly delayed and if ENGI- <br />NEER so confirms, OWNER shall, upon receipt of CON- <br />TRACI'OR's final Application for Payment and recommen- <br />dation of ENGINEER, and without terminating the Agree- <br />ment, make payment of the balance due for that poRion of <br />the Work fully completed and accepted. If the remaining <br />balance to be held by OWNER for Work not fully completed <br />or corrected is less than the retainage stipulated in the Agree- <br />ment, and if Bonds have been furnished as required in para- <br />graph 5.1, the written consent of the surety to the payment <br />of the balance due for that portion of the Work fully com- <br />pleted and accepted shall be submitted by CONTRACTOR <br />to ENGINEER with the Apptication for such payment. Such <br />payment shall be made under the terms and conditions gov- <br />erning final payment, except that it shall not constitute a <br />waiver of claims. <br />Conlraclor's Corttinuing Obligation: <br />14.15. CONTRACTOR's obligation to perform and com- <br />plete the Work in accordance with the Contract Documents <br />shall be absolute. Nei[her recommendation of any progress <br />or fina( payment by ENGINEER, nor the issuance of a cer- <br />tificate of Substantial Completion, nor any payment by <br />OWNER to CONTRACTOR under the Contract Documents, <br />nor any use or occupancy of the Work or any paR thereof by <br />OWNER, nor any act of acceptance by OWNER nor any <br />failure to do so, nor any review and approvai of a Shop <br />Dcawing or sample submission, nor the issuance of a notice <br />of acceptability by ENGINEER pursuant to pangraph 14.13, <br />nor any correction of defective Work by OWNER will con- <br />stitute an acceptance of Work not in accordance with the <br />Contract Documents or a release of CONTRACTOR's obli- <br />gation to perform the Work in accordance with the Contract <br />Documents (except as provided in paragraph 14.16). <br />lVaiver ojClaims: <br />* 14.16. The making and acceptance of 6nal payment will <br />constitute: <br />14.16.1. a waiver of all ctaims by OWNER against <br />CONTRACT'OR, except claims arising Crom unsettled <br />Liens, from dejective Work appearing aCter final inspec- <br />tion pursuant to paragraph 14.11 or from failure to comply <br />with the Contract Documents or the terms of any special <br />guarantees specified theceia; however, it will not consti- <br />tute a waiver by OWNER of any rights in respcct of <br />*See SupplementarX Conditions <br />CONTRACTOR's continuing obligations undcr the Con- <br />cract Documcnts; and <br />14.16.2. awaivcr of ail claims by CONTRACTOR <br />against OWNER other than thosc prcviousiy made in writ- <br />ing and still unsettled. <br />ART[CLE IS-SUSPENSION OF WORK AND <br />TERMINATION <br />O µâ€¢ner hlay Suspetrd IVork: <br />15.1. OWNER may, at any time and without cause, sus- <br />pend the Work or any portion thereof for a period of not more <br />than ninety days by notice in writing to CONT'RACTOR and <br />ENGINEER which will fix the date on which Work will be <br />resumed. CONTRACTOR shatl resume the Work on the date <br />so fixed. CONTRACfOR shall be allowed an increase in the <br />Contcact Price or an extension of the Contract Time, or both, <br />directly attributable to any suspension if CONTRACTOR <br />makes an approved claim therefor as provided in Articles 11 <br />and 12. <br />Owner May Terminale: <br />15.2. Upon the occurrence of any one or more of the <br />following events: <br />15.2.1. if CONTRACTOR commences a voluntary case <br />under any chapter of the Banl:ruptcy Code (I'ide 11, United <br />States Code), as now or hereafter in effect, oc if CO"N- <br />TRACTOR takes any equivalent or similar action-by filing <br />a petition or otherwise under any other federal or state <br />law in effect at such time relating to the bankruptcy or <br />insolvency; <br />15.2.2. if a petition is filed against CONTRACTOR <br />under any chapter of the Bankruptcy Code as now or <br />hereafter in effect at the time of filing, or if a petition is <br />fited seeking any such equivalent or similar relief against <br />CONTRACTOR under any other federal or state faw in <br />effect at the time relating to bankruptcy or insotvency; <br />I5.23. if CONTRACTOR makes a general assignment <br />for the benefit of creditors; , <br />15.2.4. if a tcustee. receiver, custodian or agent of <br />CONTRACTOR is appointed under applicable law oc under <br />contract, whose appointment or authocity to take charge <br />of property of CONTRACTOR is for the purpose of <br />enforcing a Lien against such propeKy or for the purpose <br />of general administration of such propecty for the benefit <br />of CONTRACTOR's creditors; <br />15.2.5. iC CONTRACCOR admits in writing an inabil- <br />ity to pay its dcbts generally as they become due; <br />15.2.6. iCCONTRACTOR persistently Cails to perCocm <br />thc Work in accordancc with the Contract Documents <br />57 <br />