Common use of Correction of Defects; Changes to Plans Clause in Contracts

Correction of Defects; Changes to Plans. The Borrower, at Borrower's sole cost and expense from funds other than the Loan proceeds, will correct any defects in the Improvements or any departure from the Plans not previously approved by the City or otherwise permitted hereunder, whether such defects or departures are discovered before or after the disbursement of any Loan proceeds relating thereto. The Borrower will not change, alter or amend in any material respect either the Plans or installation of the Improvements without the prior written consent of the City, and will not permit any material deviations of any contractor(s) from the Plans. Notwithstanding the foregoing, no consent is required from the City for (i) change orders in an amount equal to or less than ten percent (10%) of the construction contingency per occurrence or (ii) multiple change orders that do not exceed in the aggregate the total construction contingency allowance of Seventy Four Thousand dollars ($74,000).

Correction of Defects; Changes to Plans. The Borrower, at Borrower's sole cost and expense from funds other than the Loan proceeds, will correct any defects in the Improvements or any departure from the Plans not previously approved by the City or otherwise permitted hereunder, whether such defects or departures are discovered before or after the disbursement of any Loan proceeds relating thereto. The Borrower will not change, alter or amend in any material respect either the Plans or installation of the Improvements without the prior written consent of the City, and will not permit any material deviations of any contractor(s) from the Plans. Notwithstanding the foregoing, no consent is required from the City for (i) change orders in an amount equal to or less than ten percent (10%) of the construction contingency per occurrence or (ii) multiple change orders that do not exceed in the aggregate the total construction contingency allowance of Seventy Four Nine Thousand dollars Seven Hundred Eighty Fivedollars ($74,00079,785).

Correction of Defects; Changes to Plans. The Borrower, at Borrower's sole cost and expense from funds other than the Loan proceeds, will correct any defects in the Improvements or any departure from the Plans not previously approved by the City or otherwise permitted hereunder, whether such defects or departures are discovered before or after the disbursement of any Loan proceeds relating thereto. The Borrower will not change, alter or amend in any material respect either the Plans or installation of the Improvements without the prior written consent of the City, and will not permit any material deviations of any contractor(s) from the Plans. Notwithstanding the foregoing, no consent is required from the City for (i) change orders in an amount equal to or less than ten percent (10%) of the construction contingency per occurrence or (ii) multiple change orders that do not exceed in the aggregate the total construction contingency allowance of Seventy Four Nine Thousand Seven Hundred Eighty Five dollars ($74,00079,785).