Common use of Changes to Guaranteed Project Cost Clause in Contracts

Changes to Guaranteed Project Cost. 4.1. As indicated in the Facilities Lease, the Parties may add or remove specific scopes of work from the Project. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Project Cost. If a cost impact or a change is agreed to by the Parties, it shall be reflected as a reduction or increase in the Tenant Improvement Payments and paid upon the payment request from the Developer when the work is performed, or deducted from the next payment request from the Developer, as applicable. 4.2. The Parties acknowledge that the Guaranteed Project Cost is based on the Construction Documents, including the plans, and specifications, as identified in Exhibit “D” to the Facilities Lease.

Appears in 3 contracts

Samples: Facilities Lease, Facilities Lease, Lease Leaseback Agreement

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Changes to Guaranteed Project Cost. 4.1. As indicated in the Master Facilities Lease, the Parties may add or remove specific scopes of work from the Project. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Project Cost. If a cost impact or a change is agreed to by the Parties, it shall be reflected as a reduction or increase in the Tenant Improvement Payments and paid upon the payment request from the Developer when the work is performed, or deducted from the next payment request from the Developer, as applicable. 4.2. The Parties acknowledge that the Guaranteed Project Cost is based on the Construction Documents, including the plans, and specifications, as identified in Exhibit “D” D to the Master Facilities Lease.

Appears in 2 contracts

Samples: Master Facilities Lease, Master Facilities Lease

Changes to Guaranteed Project Cost. 4.15.1. As indicated in the Facilities Lease, the Parties may add or remove specific scopes of work from the Project. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Project Cost. If a cost impact or a change is agreed to by the Parties, it shall be reflected as a reduction or increase in the Tenant Improvement Payments and paid upon the payment request from the Developer Contractor when the work is performed, performed or deducted from the next payment request from the DeveloperContractor, as applicable. 4.25.2. The Parties acknowledge that the Guaranteed Project Cost is based on the Construction Documents, including the plans, Plans and specificationsSpecifications, as identified in Exhibit “D” J to the Facilities Lease.

Appears in 1 contract

Samples: Site Lease

Changes to Guaranteed Project Cost. 4.1. As indicated in the Facilities Lease, the Parties may add or remove specific scopes of work from the Project. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Project Cost. If a cost impact or a change is agreed to by the Parties, it shall be reflected as a reduction or increase in the Tenant Improvement Payments and paid upon the payment request from the Developer Contractor when the work is performed, or deducted from the next payment request from the DeveloperContractor, as applicable. 4.2. The Parties acknowledge that the Guaranteed Project Cost is based on the Construction Documents, including the plans, and specifications, as identified in Exhibit “D” to the Facilities Lease.,

Appears in 1 contract

Samples: Master Site Lease

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Changes to Guaranteed Project Cost. 4.1. As indicated in the Facilities Lease, the Parties may add or remove specific scopes of work from the Project. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Project Cost. If a cost impact or a change is agreed to by the Parties, it shall be reflected as a reduction or increase in the Tenant Improvement Payments and paid upon the payment request from the Developer Contractor when the work is performed, performed or deducted from the next payment request from the DeveloperContractor, as applicable. 4.2. The Parties acknowledge that the Guaranteed Project Cost is based on the Construction Documents, including the plans, Plans and specificationsSpecifications, as identified in Exhibit “D” J to the Facilities Lease.

Appears in 1 contract

Samples: Site Lease

Changes to Guaranteed Project Cost. 4.15.1. As indicated in the Facilities Lease, the Parties may add or remove specific scopes of work from the Project. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Project Cost. If a cost impact or a change is agreed to by the Parties, it shall be reflected as a reduction or increase in the Tenant Improvement Payments and paid upon the payment request from the Developer Contractor when the work is performed, or deducted from the next payment request from the DeveloperContractor, as applicable. 4.25.2. The Parties acknowledge that the Guaranteed Project Cost is based on the Construction Documents, including the plans, Plans and specificationsSpecifications, as identified in Exhibit “D” J to the Facilities Lease.

Appears in 1 contract

Samples: Master Site Lease

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