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CONDITIONAL WAIVER AND RELEASE UPON PROGRESS PAYMENT Property Name Property Location Undersigned s Customer Invoice/Payment Application Number Payment Amount Upon receipt by the undersigned of a check in the above-referenced Payment Amount payable to the undersigned and when the check has been properly endorsed and has been paid by the bank on which it is drawn this document becomes effective to release and the undersigned shall be deemed to waive any notice of lien any private bond right any...
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If no bank is authorized to make payment on such check, and if no check is drawn from such bank for payment to the undersigned, then the undersigned agrees, upon payment of the above-referenced payment, and upon presentation of proper proof of indebtedness, to release and the undersigned waive any lien, any such bond, and hereby releases and waives all claims of either party against the other and shall release any such security as the undersigned shall deem to rightfully belong to the other.
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Lien waivers are documents that acknowledge and release rights a party has to a project in regard to amounts owed to that party for any work or services perform this form is an unconditional waiver and release upon progress payment this form discharges all claimant rights through a specific date with no stipulations let's start at the top paragraph the information that was entered in the conditional lien waiver and unconditionally neighbor should match the unconditional lien waiver should be mailed to Walsh an as soon as you receive the full payment for that month let's start with the top paragraph the space with the dollar value should have the amount that was on the check that you recently received your customer is Walsh a corridor constructors the owner is Los Angeles County Metropolitan Transportation Authority the job description is Crenshaw LAX transit corridor Los Angeles California the customer is Walsh a construction corridor the through date should be exactly what was written on the conditional mean waiver and release upon progress payment next we'll go to the middle tally section contract price is the agreed estimated amount listed in the contract executed changes are any change orders that you will make during the project including negative or deductive change orders total contract price today reflects the total of the original contract price and the executed changes total payments received to date reflects the cumulative monthly payments that you have received up to this month including the periods full payment total retention amount reflects the cumulative retention amount withheld corresponding to all pay periods since the beginning of the work with Walsh another withholding total if applicable any other money as Walsh a has withheld from payments to you this form should be concluded with your signature end date
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