Common use of EXTRAS Clause in Contracts

EXTRAS. Extras are any changes in materials, and/or additions, and/or changes to Property. An example of a change in material is the substitution of hardwood flooring for carpet. An example of an addition is the addition of a covered porch. An example of a change in plan would be the moving of a wall. Extras almost always increase the price of the home. Buyer agrees that any request for Extras will be set forth in writing on a form prepared by Seller entitled Change Order and Sales Agreement Amendment (“Change Order”). The Change Order must be signed by Buyer and Seller. Buyer acknowledges no subcontractor, xxxxxxx or vendor has authority to agree on behalf of Seller to any Change Order. Buyer agrees to allow Seller adequate lead-time to schedule any Extras into the normal building sequence. Buyer agrees Seller has the right to refuse to make changes or install Extras. Buyer agrees to pay Seller for the performance of work in the Change Order in accordance with the Seller’s payment policy. Buyer acknowledges there will be no refunds of payments made by Buyer under the Change Order. Seller may not accept any Extras request within forty-five (45) days of closing. BUYER FURTHER ACKNOWLEDGES ANY WORK DONE ON THE HOME PURSUANT TO A CHANGE ORDER MAY NOT INCREASE THE APPRAISED VALUE OF THE PROPERTY. Buyer acknowledges it is Buyer’s responsibility to deliver any Change Order to Buyer’s lender. Seller shall not be responsible if appraised value does not reflect the amount paid in the Change Order. In the event the appraised value is less than the purchase price, Buyer agrees to pay the purchase price of Property. By initialing the boxes below and signing this Agreement, if “Buyer” consists of two or more persons, the undersigned hereby give a reciprocal Limited Power of Attorney to the other respective person(s) to grant him or her full power and authority to execute any modification, change order, amendment, alteration or correction whatsoever to this Agreement; hereby ratifying, confirming and binding myself to such acts as if I were personally present at the execution of said document. BUYER BUYER

Appears in 7 contracts

Samples: New Construction Purchase and Sale Agreement, New Construction Purchase and Sale Agreement, New Construction Purchase and Sale Agreement

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EXTRAS. Extras are any changes in materials, and/or additions, and/or changes to Property. An example of a change in material is the substitution of hardwood flooring for carpet. An example of an addition is the addition of a covered porch. An example of a change in plan would be the moving of a wall. Extras almost always increase the price of the home. Buyer Xxxxx agrees that any request for Extras will be set forth in writing on a form prepared by Seller entitled Change Order and Sales Agreement Amendment (“Change Order”). The Change Order must be signed by Buyer Xxxxx and Seller. Buyer Xxxxx acknowledges no subcontractor, xxxxxxx or vendor has authority to agree on behalf of Seller to any Change Order. Buyer Xxxxx agrees to allow Seller Xxxxxx adequate lead-time to schedule any Extras into the normal building sequence. Buyer Xxxxx agrees Seller has the right to refuse to make changes or install Extras. Buyer Xxxxx agrees to pay Seller for the performance of work in the Change Order in accordance with the Seller’s payment policy. Buyer acknowledges there will be no refunds of payments made by Buyer under the Change Order. Seller may not accept any Extras request within forty-five (45) days of closing. BUYER XXXXX FURTHER ACKNOWLEDGES ANY WORK DONE ON THE HOME PURSUANT TO A CHANGE ORDER MAY NOT INCREASE THE APPRAISED VALUE OF THE PROPERTY. Buyer acknowledges it is BuyerXxxxx’s responsibility to deliver any Change Order to BuyerXxxxx’s lender. Seller shall not be responsible if appraised value does not reflect the amount paid in the Change Order. In the event the appraised value is less than the purchase price, Buyer Xxxxx agrees to pay the purchase price of Property. By initialing the boxes below and signing this Agreement, if “Buyer” consists of two or more persons, the undersigned hereby give a reciprocal Limited Power of Attorney to the other respective person(s) to grant him or her full power and authority to execute any modification, change order, amendment, alteration or correction whatsoever to this Agreement; hereby ratifying, confirming and binding myself to such acts as if I were personally present at the execution of said document. BUYER BUYER

Appears in 4 contracts

Samples: New Construction Purchase and Sale Agreement, New Construction Purchase and Sale Agreement, New Construction Purchase and Sale Agreement

EXTRAS. Extras are (j) The Purchaser covenants and agrees that he shall pay to the Vendor in advance for all extras, upgrades or changes ordered by the Purchaser at the time such order is made and the Purchaser further acknowledges and agrees that such payment is non refundable in the event that his transaction is not completed for any reason whatsoever. If any amount payable for extras, upgrades or changes in materials, and/or additions, and/or changes is owing to Property. An example of a change in material is the substitution of hardwood flooring for carpet. An example of an addition is the addition of a covered porch. An example of a change in plan would be the moving of a wall. Extras almost always increase the price Vendor as of the homeClosing Date, such amount shall be paid by the Purchaser in full on the Closing Date as an adjustment on closing. Buyer Notwithstanding anything herein contained to the contrary, the Purchaser acknowledges and agrees that if, upon Closing, any request for Extras of the extras, upgrades or changes ordered by the Purchaser remain incomplete in whole or in part or if the Vendor shall, in its sole discretion, determine that it will be set forth in writing on a form prepared by Seller entitled Change Order and Sales Agreement Amendment (“Change Order”). The Change Order must be signed by Buyer and Seller. Buyer acknowledges no subcontractornot provide extras, xxxxxxx upgrades or vendor has authority to agree on behalf of Seller to any Change Order. Buyer agrees to allow Seller adequate lead-time to schedule any Extras into the normal building sequence. Buyer agrees Seller has the right to refuse to make changes or install Extras. Buyer agrees cannot complete the extras, upgrades or changes then there shall be refunded to pay Seller for the performance Purchaser upon Closing that portion of work in the Change Order in accordance with the Seller’s payment policy. Buyer acknowledges there will be no refunds of payments made by Buyer under the Change Order. Seller may not accept any Extras request within forty-five (45) days of closing. BUYER FURTHER ACKNOWLEDGES ANY WORK DONE ON THE HOME PURSUANT TO A CHANGE ORDER MAY NOT INCREASE THE APPRAISED VALUE OF THE PROPERTY. Buyer acknowledges it is Buyer’s responsibility to deliver any Change Order to Buyer’s lender. Seller shall not be responsible if appraised value does not reflect the amount paid by the Purchaser in connection with such extras, upgrades or changes allocated to those extras, upgrades or changes which remain incomplete in whole or in part as aforesaid, as determined by the Vendor. The Purchaser further acknowledges and agrees that the amount so paid to the Purchaser (or for which, in the Change Orderalternative, the Purchaser receives credit in the statement of adjustments) shall be accepted by the Purchaser as full and final settlement of any claim by the Purchaser with respect to the extras, upgrades or changes which remain incomplete as aforesaid. The Purchaser further acknowledges that the Vendor's liability with respect to such incomplete extras, upgrades or changes shall be limited to the return of the amounts referred to aforesaid and, thereafter, there shall be no further liability upon the Vendor in connection with such incomplete extras, upgrades or changes and upon such payment being made or credit being given, the Vendor shall be deemed to have been released from any and all obligations, claims or demands whatsoever with respect to such incomplete extras, upgrades or changes. In the event the appraised value is less than Purchaser neglects to advise the purchase priceVendor forthwith upon request as to the Purchaser's selection of finishing specifications, Buyer agrees to pay or orders any extras, upgrades in interior finishing, or performs any work in or about the purchase price of Property. By initialing Dwelling which causes delay in the boxes below and signing this Agreement, if “Buyer” consists of two or more personsVendor's construction operations, the undersigned hereby give a reciprocal Limited Power Vendor may require the Purchaser to complete this transaction on the Closing Date herein set out without holdback of Attorney any part of the Purchase Price, on the Vendor's undertaking to complete any of the other respective person(s) to grant him or her full power and authority to execute any modification, change order, amendment, alteration or correction whatsoever to this Agreement; hereby ratifying, confirming and binding myself to such acts as if I were personally present at the execution of said document. BUYER BUYERVendor's outstanding work.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale, Agreement of Purchase and Sale

EXTRAS. Extras are (j) The Purchaser covenants and agrees that he shall pay to the Vendor in advance for all extras, upgrades or changes ordered by the Purchaser at the time such order is made and the Purchaser further acknowledges and agrees that such payment is non refundable in the event that his transaction is not completed for any changes in materialsreason whatsoever. Notwithstanding anything herein contained to the contrary, and/or additionsthe Purchaser acknowledges and agrees that if, and/or changes to Property. An example of a change in material is the substitution of hardwood flooring for carpet. An example of an addition is the addition of a covered porch. An example of a change in plan would be the moving of a wall. Extras almost always increase the price upon Closing, any of the home. Buyer agrees extras, upgrades or changes ordered by the Purchaser remain incomplete in whole or in part or if the Vendor shall, in its sole discretion, determine that any request for Extras it will be set forth in writing on a form prepared by Seller entitled Change Order and Sales Agreement Amendment (“Change Order”). The Change Order must be signed by Buyer and Seller. Buyer acknowledges no subcontractornot provide extras, xxxxxxx upgrades or vendor has authority to agree on behalf of Seller to any Change Order. Buyer agrees to allow Seller adequate lead-time to schedule any Extras into the normal building sequence. Buyer agrees Seller has the right to refuse to make changes or install Extras. Buyer agrees cannot complete the extras, upgrades or changes then there shall be refunded to pay Seller for the performance Purchaser upon Closing that portion of work in the Change Order in accordance with the Seller’s payment policy. Buyer acknowledges there will be no refunds of payments made by Buyer under the Change Order. Seller may not accept any Extras request within forty-five (45) days of closing. BUYER FURTHER ACKNOWLEDGES ANY WORK DONE ON THE HOME PURSUANT TO A CHANGE ORDER MAY NOT INCREASE THE APPRAISED VALUE OF THE PROPERTY. Buyer acknowledges it is Buyer’s responsibility to deliver any Change Order to Buyer’s lender. Seller shall not be responsible if appraised value does not reflect the amount paid by the Purchaser in connection with such extras, upgrades or changes allocated to those extras, upgrades or changes which remain incomplete in whole or in part as aforesaid, as determined by the Vendor. The Purchaser further acknowledges and agrees that the amount so paid to the Purchaser (or for which, in the Change Orderalternative, the Purchaser receives credit in the statement of adjustments) shall be accepted by the Purchaser as full and final settlement of any claim by the Purchaser with respect to the extras, upgrades or changes which remain incomplete as aforesaid. The Purchaser further acknowledges that the Vendor's liability with respect to such incomplete extras, upgrades or changes shall be limited to the return of the amounts referred to aforesaid and, thereafter, there shall be no further liability upon the Vendor in connection with such incomplete extras, upgrades or changes and upon such payment being made or credit being given, the Vendor shall be deemed to have been released from any and all obligations, claims or demands whatsoever with respect to such incomplete extras, upgrades or changes. In the event the appraised value is less than Purchaser neglects to advise the purchase priceVendor forthwith upon request as to the Purchaser's selection of finishing specifications, Buyer agrees to pay or orders any extras, upgrades in interior finishing, or performs any work in or about the purchase price of Property. By initialing Dwelling which causes delay in the boxes below and signing this Agreement, if “Buyer” consists of two or more personsVendor's construction operations, the undersigned hereby give a reciprocal Limited Power Vendor may require the Purchaser to complete this transaction on the Closing Date herein set out without holdback of Attorney any part of the Purchase Price, on the Vendor's undertaking to complete any of the other respective person(s) to grant him or her full power and authority to execute any modification, change order, amendment, alteration or correction whatsoever to this Agreement; hereby ratifying, confirming and binding myself to such acts as if I were personally present at the execution of said document. BUYER BUYERVendor's outstanding work.

Appears in 1 contract

Samples: Agreement of Purchase and Sale

EXTRAS. Extras are any changes As mentioned in materialsClause 1.2.2 of this Agreement, and/or additions, and/or changes to Property. An example of a change in material is the substitution of hardwood flooring for carpet. An example of an addition is the addition of a covered porch. An example of a change in plan would be the moving of a wall. Extras almost always increase the price of the home. Buyer agrees that any request for Extras will be set forth in writing on a form prepared by Seller entitled Change Order and Sales Agreement Amendment (“Change Order”). The Change Order must be signed by Buyer and Seller. Buyer acknowledges no subcontractor, xxxxxxx or vendor Allottees has authority to agree on behalf of Seller to any Change Order. Buyer agrees to allow Seller adequate lead-time to schedule any Extras into the normal building sequence. Buyer agrees Seller has the right to refuse to make changes or install Extras. Buyer agrees to pay Seller for the performance of work in the Change Order in accordance with the Seller’s payment policy. Buyer acknowledges there will be no refunds of payments made by Buyer under the Change Order. Seller may not accept any Extras request within forty-five (45) days of closing. BUYER FURTHER ACKNOWLEDGES ANY WORK DONE ON THE HOME PURSUANT TO A CHANGE ORDER MAY NOT INCREASE THE APPRAISED VALUE OF THE PROPERTY. Buyer acknowledges it is Buyer’s responsibility to deliver any Change Order to Buyer’s lender. Seller shall not be responsible if appraised value does not reflect the amount paid in the Change Order. In the event the appraised value is less than the purchase price, Buyer agrees agreed to pay the purchase price of Propertyfollowing amount to the Promoter (Extras & Deposits): Extras and Deposits : Advance Maintenance Charges- This amount is payable towards advance against maintenance charges for the said Apartment Rs -------------- / - Security Deposit - Interest free security deposit amount is payable as funds for future repairs replacement, improvements and developments in the said Project. By initialing the boxes below and signing this AgreementThis amount shall be and/or may be adjusted against any arrears in maintenance charges and/or applicable taxes, if any, and the balance amount shall be transferred totheAssociation. Rs /- HT Line & Electricity Charges- This amount is payable for the said Apartment as reimbursement of all costs, incidentals, charges and expenses to be incurred by the Promoter in making arrangement with CESC for providing and installing transformer at the said Project.Provided the Allottees shall pay the Deposit to CESC directly on account of Individual Meter. Rs /- Legal and Documentation Charges Rs /- Association Formation Charges Rs /- Diesel Generator Power Backup- Generator charges for limited back up Rs /- Property tax deposit- This amount is payable against proportionate share of PropertyTax for the said Apartment for twelve months. Rs /- Total Extras and Deposits (in Rupees) Rs /- Electricity supply/DG back-up: In case the Calcutta Electric Supply Company Limited (Buyer” consists of two CESC”) /any other electricity supply agency decides not to provide individual meters to the Building(s) and makes provision for a High Tension Supply or more personsBulk Supply, the undersigned hereby give a reciprocal Limited Power of Attorney Promoter shall provide individual sub-meters to the Allottees upon payment by them of the proportionate security deposit payable to CESC any other respective person(selectricity supply agency for such connection. The exact amount payable by the Allottees will be intimated to the Allottees before possession. The amount of security deposit would be subject to revision as may be so decided by CESC / any other electricity supply agency from time to time and all Allottees shall, at all times, be liable to proportionately pay such revision/replenishment to CESC / any other electricity supply agency, as per the norms of CESC / any other electricity supply agency. In such a case the Allottees may be required to enter into a separate agreement with the Promoter for supply of electricity through submeters. Diesel generator power backup: Provision will be made for the installation of Diesel Generator (“DG”) for power backup to grant him run the basic facilities in the Project. In addition to that, DG back up facility will also be made available for every apartment. The Allottees will be required to pay DG usage charges on the basis of a suitable mechanism as shall be devised by the Promoter /the Association, as the case may be. Payment of Total Consideration of Apartment, Total Tax and the Total Extras and Deposits prior to Possession: The Allottees agrees and covenants not to claim any right or her full power possession over and authority to execute any modificationin respect of the Apartment till such time the Allottees has paid the entirety of the Total Consideration of Apartment, change orderTotal Tax and The Total Extras and Deposits as mentioned in clause 1.2.1, amendment, alteration or correction whatsoever to this Agreement; hereby ratifying, confirming and binding myself to such acts as if I were personally present at the execution of said document. BUYER BUYER1.2.2 and

Appears in 1 contract

Samples: Agreement for Sale

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EXTRAS. Extras are any changes in materials, and/or additions, and/or changes to Property. An example of a change in material is All additional items for or deviations from the substitution of hardwood flooring for carpet. An example of an addition is the addition of a covered porch. An example of a change in plan would be the moving of a wall. Extras almost always increase the price fit-out of the homePremises as set forth as Landlord’s Building Standard Work shall be deemed “Extras” which shall be installed by contractors selected by Landlord at Tenant’s sole cost and expense. Buyer agrees Tenant hereby acknowledges that any request for Extras will the Construction Drawings are and shall be completed and issued on an accelerated basis to facilitate issuance of permits and commencement of construction as soon as possible in order to meet the Premises delivery date set forth in writing on a form prepared by Seller entitled Change Order and Sales Agreement Amendment the Lease. In order to avoid delay in delivery of the Premises to Tenant for occupancy, Tenant shall, within ten (“Change Order”). The Change Order must be signed by Buyer and Seller. Buyer acknowledges no subcontractor, xxxxxxx or vendor has authority to agree on behalf of Seller to any Change Order. Buyer agrees to allow Seller adequate lead-time to schedule any Extras into the normal building sequence. Buyer agrees Seller has the right to refuse to make changes or install Extras. Buyer agrees to pay Seller for the performance of work in the Change Order in accordance with the Seller’s payment policy. Buyer acknowledges there will be no refunds of payments made by Buyer under the Change Order. Seller may not accept any Extras request within forty-five (4510) days of closing. BUYER FURTHER ACKNOWLEDGES ANY WORK DONE ON THE HOME PURSUANT TO A CHANGE ORDER MAY NOT INCREASE THE APPRAISED VALUE OF THE PROPERTY. Buyer acknowledges it is Buyerthe date of this Work Letter, provide to Landlord a list of all Extras that Tenant requests to have Landlord include in Landlord’s responsibility to deliver any Change Order to Buyer’s lender. Seller shall Work which are not be responsible if appraised value does not reflect the amount paid specified in the Change OrderConstruction Drawings. Upon receipt of Tenant’s notification, Landlord will provide Tenant with a price for each of Tenant’s desired Extras and an estimated number of additional days needed to obtain, construct and/or install such Extras. Certain Extras may be deemed by Landlord to be a “Delay Item” which such Delay Item shall be in addition to any other Delay Item set forth in Section 2 above. Landlord shall promptly notify Tenant whether an Extra is deemed a “Delay Item”. Tenant may, within two (2) business days of receipt of Landlord’s notice elect to (i) withdraw the Extra selected, (ii) select an alternate which is not a Delay Item if available, or (iii) request that Landlord proceed with the selected extra which is a Delay Item and the number of additional days needed to obtain, construct and/or install such Extras shall be added to the dates set forth in Sections 2.05 and 2.06 of the Lease on a day for day basis. In the event that Tenant fails to respond to Landlord’s Delay Item notice, Tenant shall be deemed to have selected to proceed with the appraised value is less than selected extra under (iii) in the purchase pricepreceding sentence. Tenant shall within two (2) business days notify Landlord of what Extras it will elect. All Extras shall be deemed Additional Rent, Buyer agrees including all costs incurred to pay amend the purchase price of Property. By initialing the boxes below Construction Drawings, permits and signing this Agreementapprovals, if any. If Landlord and Tenant agree that any Extras can be installed in the Premises after the Premises have been delivered to Tenant under Section 2.05, then Landlord’s Work will proceed as originally planned and the Extras shall be installed by Landlord within a commercially reasonable period after delivery of the Premises to Tenant. Tenant is requiring that Landlord undertake construction of the Premises using Buyerprevailing wageconsists labor and in compliance with NJEDA Affirmative Action goals. Landlord’s Work is based on “open shop” labor rates and without NJEDA Affirmative Action goals. The costs of two or more persons“prevailing wage” labor over “open shop” labor for all of Landlord’s Work, the undersigned hereby give a reciprocal Limited Power cost, if any, for compliance with NJEDA Affirmative Action goals, construction of Attorney Tenant Design and Specifications, Extras and Tenant’s Work shall be deemed Extras. All costs for administration of “prevailing wage” labor shall be deemed Extras. All costs to Landlord for use of green building materials required by Tenant to comply with Tenant’s Grow NJ tax incentive or otherwise required for construction projects undertaken with NJEDA financial assistance, if any, shall be deemed Extras. Extras shall be subject to the other respective person(s) to grant him or her full power and authority to execute any modification, change order, amendment, alteration or correction whatsoever to this Agreement; hereby ratifying, confirming and binding myself to such acts as if I were personally present at the execution of said document. BUYER BUYERfollowing:

Appears in 1 contract

Samples: Agreement of Lease (TRAC Intermodal LLC)

EXTRAS. Extras are any changes in materials, and/or additions, and/or changes to Propertya standard Seller offered home or product. An example of a change in material is the substitution of hardwood flooring for carpet. An example of an addition is the addition of a covered porchporch that is not included with a home as standard. An example of a change in plan would be the moving of a wallwall from its standard location. Extras almost always increase the price of the home. Buyer agrees that any request for Extras will be set forth in writing on a form prepared by Seller entitled Change Order and Sales Agreement Amendment Amendment” (Change Order). The Change Order must be signed by Buyer and Seller. Buyer acknowledges no subcontractor, xxxxxxx or vendor has authority to agree on behalf of Seller to any Change Orderchange order. Buyer agrees to allow Seller adequate lead-time to schedule any Extras into the normal building sequence. Buyer agrees Seller has the right and absolute discretion to refuse to make changes or install ExtrasExtras that are requested. Buyer agrees to pay Seller for the performance of work in the Change Order in accordance with the Seller’s payment policy. Buyer acknowledges there will be no refunds of payments made by Buyer under the Change Order. Seller may not accept any Extras request within forty-five (45) days of closing. BUYER FURTHER ACKNOWLEDGES ANY WORK DONE ON THE HOME PURSUANT TO A CHANGE ORDER MAY NOT INCREASE THE APPRAISED VALUE OF THE PROPERTY. Buyer acknowledges it is Buyer’s responsibility to deliver any Change Order to Buyer’s lender. Seller shall not be responsible if appraised value does not reflect the amount paid in the Change Order. In the event the appraised value is less than the purchase price, Buyer agrees to pay the purchase price of Property. By initialing the boxes below and signing this Agreement, if “Buyer” consists of two or more persons, the undersigned hereby give a reciprocal Limited Power of Attorney to the other respective person(s) to grant him or her full power and authority to execute any modification, change order, amendment, alteration or correction whatsoever to this Agreement; hereby ratifying, confirming and binding myself to such acts as if I were personally present at the execution of said document. BUYER BUYER BUYER Initials

Appears in 1 contract

Samples: New Construction Purchase and Sale Agreement

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