Salvage. For any Adjustment from which the Owner recovers any materials and/or parts and retains or sells the same, after application of any applicable Betterment credit, the Developer is entitled to a credit for the salvage value of such materials and/or parts. If the Owner’s costs are developed under procedure (1) or (2) described in Paragraph 5(b), then the final invoice submitted pursuant to Paragraph 7(a) shall credit the Developer with the full salvage value. If the Owner’s costs are developed under procedure (3) described in Paragraph 5(b), then the Agreed Sum includes any credit due to the Developer on account of salvage.
Appears in 7 contracts
Samples: Utility Adjustment Agreement, Utility Adjustment Agreement, Utility Adjustment Agreement
Salvage. For any Adjustment from which the Owner recovers any materials and/or parts and retains or sells the same, after application of any applicable Betterment credit, the Developer is entitled to a credit for the salvage value of such materials and/or parts, determined in accordance with 23 C.F.R. Section 645.105(j). If the Owner’s costs are developed under procedure (1) or (2) described in Paragraph 5(b6(b), then the final invoice submitted pursuant to Paragraph 7(a) shall credit the Developer with the full salvage value. If the Owner’s costs are developed under procedure (3) described in Paragraph 5(b6(b), then the Agreed Sum agreed sum stated in that Paragraph includes any credit due to the Developer on account of salvage.
Appears in 5 contracts
Samples: Utility Adjustment Agreement, Agreement, Utility Adjustment Agreement
