Common use of Changes in Plans and Specifications Clause in Contracts

Changes in Plans and Specifications. No changes will be made in the Plans and Specifications without the prior written approval of Agent; provided that Borrowers may make changes to the Plans and Specifications if (i) Borrowers notify Agent in writing of such change within seven days thereafter, (ii) Borrowers obtain the approval of all parties whose approval is required, including any sureties and any Governmental Authority to the extent approval from such parties is required, (iii) the structural integrity of the Improvements is not impaired, (iv) no material change in architectural appearance is negatively affected, (v) the performance of the mechanical, electrical, and life safety systems of the Improvements is not negatively affected, and (vi) the cost of or reduction resulting from such change (A) does not exceed Fifty Thousand Dollars ($50,000), and (B) when added to all other changes which have not been approved in writing by Agent, the resulting aggregate cost or reduction does not exceed Two Hundred Fifty Thousand Dollars ($250,000). Changes in the scope of construction work or to any construction related contract must be documented with a Change Order on the AIA Form G701 or similar form.

Changes in Plans and Specifications. No changes will be made in the Plans and Specifications without the prior written approval of AgentLender; provided provided, however, that Borrowers Borrower may make changes to the Plans and Specifications if (i) Borrowers notify Agent Borrower notifies Lender in writing of such change within seven (7) days thereafter, ; (ii) Borrowers obtain Borrower obtains the approval of all parties whose approval is required, including any sureties tenants under Leases, sureties, and any Governmental Authority to the extent approval from such parties is required, ; (iii) the structural integrity of the Improvements is not impaired, ; (iv) no material change in architectural appearance is negatively affected, effected; (v) the performance of the mechanical, electrical, and life safety systems of the Improvements is not negatively affected, ; and (vi) the cost of or reduction resulting from any one such change (A) does not exceed Fifty Thousand Dollars ($50,000), and (B) or when added to all other changes which have not been approved in writing by Agentrequiring the approval of Lender, the resulting aggregate cost or reduction does not exceed Two Hundred Fifty Thousand Dollars ($250,000). Changes in the scope of construction work or to any construction related contract must be documented with a Change Order on the AIA Form G701 or similar form100,000.

Changes in Plans and Specifications. No changes will be made in the Plans and Specifications without the prior written approval of Agent; provided provided, however, that Borrowers Borrower may make changes to the Plans and Specifications if (i) Borrowers notify Borrower notifies Agent in writing of such change within seven (7) days thereafter, ; (ii) Borrowers obtain Borrower obtains the approval of all parties whose approval is required, including any sureties Tenants under Leases, sureties, and any Governmental Authority to the extent approval from such parties is required, ; (iii) the structural integrity of the Improvements is not impaired, ; (iv) no material change in architectural appearance is negatively affected, effected; (v) the performance of the mechanical, electrical, and life safety systems of the Improvements is not negatively affected, and ; (vi) the cost of or reduction resulting from such change (Ax) does not exceed Fifty Thousand Dollars ($50,000), 500,000 and (By) when added to all other changes which have not been approved by Agent in writing by Agentwriting, the resulting aggregate cost or reduction does not exceed Two Hundred Fifty Thousand Dollars ($250,000)1,000,000. Changes in the scope of construction work or to any construction related contract must be documented with a Change Order change order on the AIA Form G701 or similar equivalent form.