Project Documents and Subcontracts Clause Samples

Project Documents and Subcontracts. The Company shall have delivered a copy of: (a) each Project Document; (b) each first tier Subcontract entered into by the Prime Contractor with a contract price (or expected aggregate amount to be paid in the case of “cost plus” contracts) in excess of USD500,000 or its equivalent; and (c) each first tier Subcontract with a contract price (or expected aggregate amount to be paid in the case of “cost plus” contracts) in excess of USD500,000 or its equivalent entered into by any other Contractor who is party to a Project Document entered into with the Company that is not subject to a fixed price, to the Intercreditor Agent and the Technical Adviser promptly after mutual execution and delivery thereof. The Company shall have certified that such Project Documents and Subcontracts are consistent with the Project Budget, the Project Schedule and the Plans and Specifications and the Technical Adviser shall have certified (in substantially the form of the Technical Adviser’s Advance Certificate) that the Project Documents referred to in sub-paragraph (a) are consistent in all material respects with the Project Budget, the Project Schedule and the Plans and Specifications.

Project Documents and Subcontracts. The Company shall have delivered to the Intercreditor Agent and the Technical Adviser promptly after mutual execution and delivery thereof: (a) a list setting out the title, date, parties and subject matter of each Project Document with a total contract price payable by the Company (or expected aggregate amount to be paid by the Company in the case of “cost plus” contracts) or which may otherwise involve liabilities, actual or contingent, in each case in an amount of less than USD5,000,000 or its equivalent; and (b) a copy of: