Approval of Plans and Specifications. The Owner agrees to approve the plans and specifications for such reconstruction or repair if the reconstruction or repair contemplated by such plans and specifications is economically feasible, and will restore the PROJECT, or the damaged portion thereof, to substantially the same condition as prior to such loss or damage and such plans and specifications conform to the applicable laws, ordinances, codes and regulations. The owner agrees that all proceeds of any applicable insurance or other proceeds received by the owner or the CM as a result of such loss or damage shall be used solely for payment of the costs, expenses, and other charges of the reconstruction or repair of the PROJECT.
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Samples: Construction Manager Agreement, Construction Management Agreement, Construction Management Agreement
Approval of Plans and Specifications. The Owner agrees to approve the plans and specifications for such reconstruction or repair if the reconstruction or repair contemplated by such plans and specifications is economically feasible, and will restore the PROJECTProject, or the damaged portion thereof, to substantially the same condition as prior to such loss or damage damage, and such plans and specifications conform to the applicable laws, ordinances, codes codes, and regulations. The owner Owner agrees that all proceeds of any applicable insurance or other proceeds received by the owner Owner or the CM Contractor as a result of such loss or damage shall be used solely for payment of the costs, expenses, and other charges of the reconstruction or repair of the PROJECTProject.
Appears in 3 contracts
Samples: Construction Agreement, Construction Agreement, Construction Agreement
Approval of Plans and Specifications. The Owner agrees to approve the plans and specifications for such reconstruction or repair if the reconstruction or repair contemplated by such plans and specifications is economically feasible, and will restore the PROJECTProject, or the damaged portion thereof, to be substantially the same condition as prior to such loss or damage and such plans and specifications conform to the applicable laws, ordinancesordinance, codes and regulations. The owner agrees that all proceeds of any applicable insurance or other proceeds received by the owner or the CM as a result of such loss or damage shall be used solely for payment of the costs, expenses, and other charges of the reconstruction or repair of the PROJECTProject.
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