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.

Appears in 3 contracts

Samples: Facilities Lease, Facilities Lease, Lease Leaseback Agreement

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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

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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, or deducted from the next payment request from the DeveloperContractor, as applicable.

Appears in 1 contract

Samples: Master Site Lease

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