Changes to Plans and Specifications. Borrower will not permit any material changes in the Plans and Specifications, including, without limitation, any change by altering or adding to the work to be performed, orders for extra work, any change which will result in a material net construction cost increase or a material net cumulative construction cost decrease, or any material change in the design concept for the Improvements, without the prior written consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed and under such reasonable conditions as Lender may then establish.
Changes to Plans and Specifications. After review and approval of a Total Development Budget by the Administrative Agent, the Borrowers shall not permit any change order increasing the price of the Improvements for an Eligible Project by more than $50,000 for any one change order or by more than 10% of the total hard cost portion of the Total Development Budget in the aggregate or materially altering the scope of the Improvements, without the prior written consent of the Administrative Agent which consent will not be unreasonably withheld and provided such changes will not cause the Facility not to qualify as a Pool A Project.
Changes to Plans and Specifications. Purchaser shall have the following rights in respect of changes to the Plans and Specifications for the Improvements to be constructed on the Property:
(a) In respect to any Property, Seller will not enter into a change order to the general contract for the construction of the Improvements on such Property (the "General Contract") without first receiving Purchaser's approval (such approval not to be unreasonably withheld, conditioned or delayed) where such change order would (i) effect a material change in the structural system of the Improvements other than as described in the Outline of Structural Systems attached hereto as Schedule K, or (ii) effect a change which would decrease the cost of the Improvements by Fifty Thousand Dollars ($50,000.00) or more and result in a reduction of a standard provided for in the Systems Standards Manual applicable to such Improvements.
(b) Seller shall provide to Purchaser a copy of any change order to the General Contract which effects a change in the amount of One Hundred Thousand Dollars ($100,000.00) or more. Such copies will be for informational purposes only; Purchaser will not have the right to approve or disapprove changes in the Plans and Specifications except to the extent provided for in Section 2.7(a) above.
(c) In the event that Seller materially deviates from the Plans and Specifications as to any Property (and such deviation (x) resulted in a material change in the structural system of the Improvements to such Property other than as described in the Outline of Structural Systems attached hereto as Schedule K, or (y) resulted in a change which decreased the cost of the Improvements by Fifty Thousand Dollars ($50,000.00) or more and resulted in a reduction of a standard or standards provided for in the Systems Standards Manual applicable to such Improvements), Seller may, but is not obligated, to remedy such deviations. If Seller elects not to remedy the deviations, Purchaser's sole remedy shall be either (i) to terminate this Agreement with respect to the affected Property, in which event this Agreement shall terminate and be of no further force or effect with respect to the affected Property and Seller shall reimburse to Purchaser the Purchaser's expenses incurred in respect of such affected Property, not to exceed $30,000 (and direct Escrow Agent to refund to Purchaser that portion of the Deposit allocable to the affected Property as provided in Section 10.3), or (ii) to proceed to close in accordance wi...
Changes to Plans and Specifications. Tenant will promptly notify Landlord if Tenant desires to make any changes to the Tenant Improvements after Tenant has approved the Plans and Specifications. If Landlord approves the revisions, Tenant may carry out the changes contemplated therein. If Landlord reasonably estimates that the change order will cause the cost of the Tenant Improvements to exceed the Improvement Allowance (or if the cost of the Tenant Improvements already exceeds the Improvement Allowance), Landlord may require Tenant to deposit such estimated additional cost with Landlord before the change order work is performed.
Changes to Plans and Specifications. Borrower shall not make or permit any changes in the Plans and Specifications as approved by Lender, including any such changes that alter, diminish or add to the work to be performed or change the design of the Improvements, without the prior written consent of Lender and under such conditions as Lender may establish.
Changes to Plans and Specifications. Borrower shall not make or permit any material changes in the Plans and Specifications, including any such changes that alter, diminish or add to the work to be performed or change the design of the Improvements in any material way, without the prior written consent of Lender and under such reasonable conditions as Lender may establish. Xxxxxx's prior written consent shall not be required, however, as to any change order which (a) individually does not cause the fixed or guaranteed maximum price of the Construction Contract to be increased or decreased by more than Three Hundred Thousand Dollars ($300,000) and, when added to all previous change orders, does not cause such price to be increased or decreased by more than Five Hundred Thousand Dollars ($500,000) in the aggregate, (b) does not result in a material change to the design of the Improvements, and (c) has been approved in writing by the Architect, and any Governmental Authority, tenant or other party whose approval is required.
Changes to Plans and Specifications. Tenant will immediately notify Landlord if Tenant desires to make any changes to the Tenant Improvements after Tenant has approved the Plans and Specifications. If Landlord approves (such approval not to be unreasonably withheld, conditioned or delayed) the revisions (which Landlord shall approve or deny within five [5] Business Days after Landlord’s receipt of any and all information requested by Landlord with respect to such revisions), Tenant may carry out the changes contemplated therein. If Landlord reasonably estimates that the change order will cause the cost of the Tenant Improvements to exceed the Improvement Allowance (or if the cost of the Tenant Improvements already exceeds the Improvement Allowance), Landlord may require Tenant to deposit such estimated additional cost with Landlord before the change order work is performed.
Changes to Plans and Specifications. Authorize or permit, nor allow Development Manager to authorize or permit, no Material Changes (as defined in the Development Agreement) to the Plans and Specifications without the prior written consent of Lender and all Governmental Authorities having jurisdiction to the extent such approval is required by law or regulation, and authorize or permit no changes in the Construction Contract to the extent any single change would cause an increase to the Budget by more than $25,000 per individual change or $125,000 in the aggregate without the prior written consent of Lender.
Changes to Plans and Specifications. In the event that the Contractor and Client agree upon changes, additions or alterations to the Plans and Specifications, such agreement shall become effective only upon the execution by both Contractor and Client in the form of a written instruction / change order, and which sets forth the changes to be made and the increase in the Consideration to be paid by Client to Contractor.
Changes to Plans and Specifications. The City shall not make or implement any changes to the scope of the Executive Administrator’s approved Project or to the specifications for the Project including, but not limited to, changes to the Green Project Reserve portion of the Project without the written approval of the Executive Administrator.
