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.
Appears in 3 contracts
Samples: Facilities Lease, Facilities Lease, Lease Leaseback Agreement
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.
Appears in 3 contracts
Samples: Master Site Lease, Master Site Lease, Master Site Lease
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.
Appears in 3 contracts
Samples: Master Facilities Lease, 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.
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.
Appears in 1 contract
Samples: Master Site Lease