Common use of Shareholder's Submissions Clause in Contracts

Shareholder's Submissions. Shareholder herewith delivers to the Corporation: a. detailed plans, specifications and drawings of the Work, including a room- by-room list of all alterations to be undertaken, and detailed plans and specifications (the "Plans") prepared by a licensed architect or engineer (if the nature of the alteration so requires), which shall not be modified by the Shareholder after they are approved by the Corporation's architect or engineer or Superintendent (the "Corporation's Designated Representative") without the Corporation's Designated Representative's subsequent approval. b. a check with respect to the security payable in connection with this Agreement in the sum of $5,000.00 or ten (10%) percent of the cost of the Work, whichever is greater but in no instance shall exceed $15,000, payable to the Corporation in accordance with paragraph 13 of this Agreement, if applicable. c. a check for $350.00 payable to XXXXXXX-XXXXX, INC., managing agent for the Building (the "Managing Agent") for coordination and review of the instant agreement, plans, collection of security and to report to the Corporation as necessary. d. a check payable to XXXXXXX XXXXX DBA XXXXX ASSOCIATES, the Corporation’s engineer in the amount of $500.00 as a retainer against said engineer’s services which will be billed at the rate of $185/hour.

Shareholder's Submissions. Shareholder herewith delivers to the Corporation: a. detailed plans, specifications and drawings of the Work, including a room- by-room list of all alterations to be undertaken, and detailed plans and specifications (the "Plans") prepared by a licensed architect or engineer (if the nature of the alteration so requires), which shall not be modified by the Shareholder after they are approved by the Corporation's architect or engineer or Superintendent (the "Corporation's Designated Representative") without the Corporation's Designated Representative's subsequent approval. b. a check with respect to the security payable in connection with this Agreement in the sum of $5,000.00 or ten (10%) percent of the cost of the Work, whichever is greater but in no instance shall exceed $15,000, payable to the Corporation in accordance with paragraph 13 of this Agreement, if applicable. c. a check for $350.00 payable to XXXXXXX-XXXXX, INC., managing agent for the Building (the "Managing Agent") for coordination and review of the instant agreement, plans, collection of security and to report to the Corporation as necessary. d. a check payable to XXXXXXX XXXXX DBA XXXXX ASSOCIATESENGINEERING, the Corporation’s engineer in the amount of $500.00 450 as a retainer against said engineer’s services which will be billed at the rate of $185225/hourhour with a 2- hour minimum. Site visits, as necessary are billed at $550 per visit.