Common use of Plans and Specifications; Inspections Clause in Contracts

Plans and Specifications; Inspections. At the Director’s option, the Director may designate an employee or officer of the State or may retain, at the Company’s expense, an architect, engineer, appraiser or other consultant for the purpose of approving the Plans and Specifications, verifying costs and performing inspections of the Project as Provision of the Project progresses. Such inspections, reviews or approvals shall not impose any responsibility or liability of any nature upon the Director, the State or officers, employees, agents, representatives or designees of the Director or the State, or, without limitation, make or cause to be made any warranty or representation as to the adequacy or safety of the structures or any of their component parts or any other physical condition or feature pertaining to the Project and the Project Site. The Company shall, at the request of the Director, make periodic reports (including, if required, submission of updated Cost Certifications) to the Director concerning the status of completion and the expenditures for costs in respect thereof. The Company may revise the Plans and Specifications from time to time; provided that no revision shall be made (a) which would change the Project Purposes to purposes other than those permitted by the Act; (b) without obtaining, to the extent required by law, the approval of any applicable Governmental Authority; and (c) without the prior written approval of the Director if such revision would change the amounts set forth in the most recently furnished Cost Certification. In any event, all revisions to the Plans and Specifications shall be promptly filed with the Director.

Appears in 2 contracts

Samples: Loan Agreement (Globalwise Investments Inc), Loan Agreement (Globalwise Investments Inc)

AutoNDA by SimpleDocs

Plans and Specifications; Inspections. At If the Project is to be rebuilt or restored after damage, at the Director’s 's option, the Director may designate an employee or officer of the State or may retain, at the Company’s expense's expense and with the Company's prior approval, an architect, engineer, appraiser or other consultant for the purpose of approving the Plans and Specifications, verifying costs and performing inspections of the Project as Provision of the Project progressesprogresses or reviewing any construction contracts and payment or performance bonds or other forms of assurance of completion of the Project. Such inspections, reviews or approvals approvals. shall not impose any responsibility or liability of any nature upon the Director, the State or officers, employees, agents, representatives or designees of the Director or the State, or, without limitation, make or cause to be made any warranty or representation as to the adequacy or safety of the structures or any of their component parts or any other physical condition or feature pertaining to the Project and the Project SiteProject. The Company shall, at the written request of the Director, make periodic reports (including, if required, submission of updated Cost Certifications) to the Director within 45 days after receipt of such written request concerning the status of completion and the expenditures for costs in respect thereof. The Company may revise the Plans and Specifications from time to time; provided provided, that no revision shall be made (a) which would change the Project Purposes to purposes other than those permitted by the Act; , (b) without obtaining, to the extent required by law, the approval of any applicable Governmental Authority; , and (c) without the prior written approval of the Director if such revision would change the amounts set forth in the most recently furnished Cost Certification. In any event, all revisions to the Plans and Specifications shall be promptly filed with the Director, upon request. Except as provided in the allowable amendments and revisions, the Company shall complete the Provision of the Project in accordance with the Plans and Specifications.

Appears in 1 contract

Samples: Loan Agreement (Kahiki Foods Inc)

AutoNDA by SimpleDocs

Plans and Specifications; Inspections. At the Director’s his option, the Director may designate an employee or officer of the State or may retain, at the Company’s 's expense, an architect, engineer, appraiser or other consultant for the purpose of approving the Plans and Specifications, verifying costs and performing inspections of the Project as Provision of the Project progresses. Such inspections, reviews inspections or approvals of Plans and Specifications or the Project Facilities shall not impose any no responsibility or liability of any nature upon the Director, the State or officersState, employees, their agents, representatives or designees of the Director or the State, ornor, without limitation, make or cause to be made carry any warranty or representation as to the adequacy or safety of the structures or any of their component parts or any other physical condition or feature pertaining to the Project and the Project SiteFacilities. The Company shall, at the request of the Director, make periodic reports (including, if required, submission of updated Cost Certifications) to the Director concerning the status of completion and the expenditures for expenditure of costs in respect thereof. The Company may revise the Plans and Specifications from time to time; provided that no revision shall be made (a) which would change the Project Purposes to purposes other than those permitted by the Act; (b) without obtaining, to the extent required by law, the approval of any applicable Governmental Authority; and (c) without the prior written approval of the Director if such revision would change the amounts set forth in the most recently furnished Cost Certification. In any event, all revisions to the Plans and Specifications shall be promptly filed with the Director.

Appears in 1 contract

Samples: Loan Agreement (Venture Service Co)

Time is Money Join Law Insider Premium to draft better contracts faster.