Common use of Owner's Approvals Clause in Contracts

Owner's Approvals. The Subcontractor agrees that it will meet all of the requirements imposed by the Owner, Architect, or Owner's representative with respect to approval of subcontractors, materials and performance of this Subcontract. Within one month after executing this Subcontract, the failure to obtain these approvals shall be a material breach of this Subcontract, which shall entitle the Contractor to terminate this Subcontract, without the forty-eight hours notice otherwise required by Article XIII. If this Subcontract is terminated for this reason, the Subcontractor agrees that, unless the Owner/Contractor Contract provides for an adjustment of the Subcontract Amount, it will not be entitled to receive any compensation or any reimbursement of costs in connection with this Subcontract, and shall be liable for the costs of reprocurement and completing the Work covered by this Subcontract, and any damages the Contractor incurred due to the Subcontractor's default.

Owner's Approvals. The Subcontractor agrees that it will meet all of the requirements imposed by the Owner, Architect, or Owner's representative with respect to approval of subcontractors, materials and performance of this Subcontract. Within one month after executing this Subcontract, the failure to obtain these approvals shall be a material breach of this Subcontract, which shall entitle the Contractor to terminate this the Subcontract, without the forty-eight hours notice otherwise required by Article XIII. If this the Subcontract is terminated for this reason, the Subcontractor agrees that, unless the Owner/Contractor Contract provides for an adjustment of the Subcontract Amountcontract sum, it will not be entitled to receive any compensation or any reimbursement of costs in connection with this the Subcontract, and shall be liable for the costs of reprocurement and completing the Work covered by this the Subcontract, and any damages the Contractor incurred due to the Subcontractor's default.