Details and Effect of the GMP Cost Limitation Sample Clauses

Details and Effect of the GMP Cost Limitation. (a) The Design Professional recognizes and agrees that he will design this Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation. (b) In contracting with a public or governmental body to render services, the Design Professional is charged with knowledge of any limitation imposed on such body as to amount of money it may spend for a given project; and (c) The GMP Cost Limitation limits the Owner and the Design Professional prior to, but not after, the award of the CM/GC Contract.
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Details and Effect of the GMP Cost Limitation. The Design-Builder recognizes that the Design Builder is required to design the Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation.
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Details and Effect of the GMP Cost Limitation. The CM/GC recognizes that the Design Professional is required to design the Project such that the Guaranteed Maximum Price will not exceed the GMP Cost Limitation.
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Related to Details and Effect of the GMP Cost Limitation

  • Revocation and Effect of Consents Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder's Note, even if notation of the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder.

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