Trade Contractors Sample Clauses

Trade Contractors. Except as provided by law, no Trade Contractors or any other Person dealing with Borrower, including, without limitation, the Architect, the Engineer, if any, and the Construction Manager, shall be, nor shall any of them be deemed to be, third party beneficiaries of this Agreement, but each shall be deemed to have agreed (i) that the Trade Contractor(s) or other Person in question shall look to Borrower as their sole source of recovery if not paid and (ii) except as otherwise agreed to in writing between Lender and the Trade Contractor(s) or other Person in question, that they may not claim against Lender under any circumstances.
Trade Contractors. Unless a lower limit is approved by the Owner, $5,000,000 “combined single limiteach occurrence for bodily injury and property damage;
Trade Contractors. 11.1 Construction of the Works shall be performed by the Subcontractors and Trade Contractors under the management and coordination of the Contractor. 11.2 As Drawings and Specifications are deemed sufficient to call for tenders for a particular portion of the Works, the Contractor will propose and obtain tenders from a minimum of three tenderers for such portion of the Work and make a recommendation to the Employer as to which should be selected. If however the Contractor is unable to obtain a minimum of three tenders due to the scope of the Works being tendered and/or there is a lack of suitably qualified tenderers, the Contractor shall continue with the tender and inform and obtain the Employer’s approval accordingly. The Contractor shall call tenders for the Works as follows: (a) Tenders for Trade Contracts shall be called by the Contractor from such suitably qualified and experienced persons, firms or companies as it shall select provided that tender lists will be agreed in consultation between the Contractor and the Employer; (b) The Contractor shall incorporate in the tenders the briefs, relevant Drawings, Specifications and such other conditions proposed to be included; (c) The Contractor shall always provide the Employer with updated copies of the tender lists and the Employer may participate in any stage of the tendering process at its own discretion, provided it does not substantially impede the Contractor’s tendering process; (d) If in any given call for tenders, the Contractor will nominate the preferred tenderer to the Employer and if such nomination is approved by the Employer, the Employer shall then enter into a Trade Contract with the successful tenderer. If however the price of most tenders submitted exceeds the amount budgeted for that particular works package, the Contractor shall submit a full analysis of tenders to the Employer together with a recommendation with respect to the selection of the successful tenderer which selection shall then be made by the Employer in consultation with the Contractor; (e) The Contractor shall undertake all post-tender negotiations with the selected tenderer or tenderers and shall report the progress of such negotiations to the Employer or if considered necessary to resolve any substantive issues, request a representative of the Employer to attend; (f) The Contractor agrees and acknowledges that as a condition to the Employer executing any contract with a successful tenderer, the Contractor’s recommend...
Trade Contractors. Applicability of Procedures
Trade Contractors. Lender shall have received and approved in its reasonable discretion a list of all Trade Contractors for the Project that are or, to the extent then identifiable by Borrower, will be engaged in connection with such Borrower Project and Lender shall have reasonably approved the standard form of Trade Contract.
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Trade Contractors. Royalties.
Trade Contractors. The XXXX shall enter into direct contracts with Trade Contractors or Subcontractors and shall be fully responsible for their work, including the timeliness, quality and price of said Work. The XXXX shall review and process all applications for payment by Trade Contractors for monthly progress and final payments. The XXXX shall pay all Trade Contractors directly. The XXXX shall require that the Trade Contractors furnish an acknowledgment of payment/waiver of lien with each application for payment certifying that money has been received for performance of their Trade Contract during the previous payment period and waiving any right to file or assert a mechanic’s and materialmen’s lien.
Trade Contractors. Unless otherwise authorized by the Owner, all work shall be performed under trade contracts held by Developer. Developer shall not bid on any of the trade contract work or perform such work with its own forces without the prior written consent of the Owner. Developer shall take competitive bids on the work of the various trade contractors or, if authorized by the Owner, negotiate for the performance of that work.
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