Variation to Contract Price Sample Clauses

Variation to Contract Price. If the Latent Condition needs to be removed or dispersed in order for the Works (or any of them) to proceed or for the Works to be capable of being used as a residence, provided the Contractor has complied with the notice requirements of special condition 1.2, the Contractor can, by giving written notice to the Superintendent, request a Variation to undertake any additional works required to remove or disperse the Latent Condition and an increase in the Contract Price on account of the additional costs associated with that Variation. Any request under special condition 1.4.1 must set out: a description of the required Variation, including the additional work and additional resources which the Contractor estimates to be necessary to deal with the Latent Condition; and the additional estimated costs associated with the required Variation and the estimated increase in the Contract Price which is being sought. After receiving a written notice from the Contractor requesting a Variation in accordance with special condition 1.4.1, the Superintendent must give a written notice: rejecting the Variation request; or approving the Variation request and instructing the Contractor to carry out the Variation, in which case the Superintendent’s written notice must set out the adjustment to the Contract Price, determined by the Superintendent in accordance with special condition 1.4.5(a) (“Contractor Initiated Variation Order”), as determined by the Superintendent in its sole and absolute discretion. If any Approvals are required in connection with the additional works the subject of the Contractor Initiated Variation Order, the Superintendent’s approval and instruction can be conditional upon such Approvals being obtained or issued within such time frame as is specified by the Superintendent. If any such condition is imposed by the Superintendent and not satisfied within the stated time frame, the Superintendent will be deemed to have rejected the Variation request at the expiration of the stated time frame. If the Superintendent approves the requested Variation, then: the increase in the GST inclusive Contract Price for the Variation will be determined in accordance with clause 23 of the General Conditions; and
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Variation to Contract Price. The Contract Price of the Project has been determined to be Ringgit Malaysia Ninety Million only [RM90,000,000.00].
Sample 1

Related to Variation to Contract Price

  • Contract Price 5.01 Owner shall pay Contractor for completion of the Work in accordance with the Contract Documents the amounts that follow, subject to adjustment under the Contract:

  • ADJUSTMENT OF CONTRACT PRICE The Contract Price shall be subject to adjustment, as hereinafter set forth, in the event of the following contingencies (it being understood by both parties that any reduction of the Contract Price is by way of liquidated damages and not by way of penalty):

  • Relation to Plan This Agreement is subject to the terms and conditions of the Plan. In the event of any inconsistent provisions between this Agreement and the Plan, the Plan shall govern. The Board acting pursuant to the Plan, as constituted from time to time, shall, except as expressly provided otherwise herein, have the right to determine any questions which arise in connection with the Option or its exercise.

  • Adjustment to Consideration (a) Within 45 days following the Closing Date, Parent may, at its election, cause to be prepared and delivered to the Stockholder Representative an unaudited balance sheet of the Surviving Corporation as of the Closing Date (the “Adjusted Balance Sheet”). The Adjusted Balance Sheet will be prepared in accordance with GAAP consistently applied on a basis consistent with the Financials. In the event that, pursuant to the terms of this Section 7.6(a), it is determined that the amount equal to (i) the absolute value of the Company’s total current assets (as defined by and as determined in accordance with GAAP but excluding cash and cash equivalents) at the Closing Date as reflected on the Adjusted Balance Sheet minus (ii) the absolute value of the Company’s total current liabilities (as defined by and as determined in accordance with GAAP but excluding deferred revenue and the amount of any indebtedness for borrowed money) at the Closing Date as reflected on the Adjusted Balance Sheet (collectively, the “Net Assets at Closing”) plus (iii) the Balance Sheet Adjustment Amount is a number less than the Balance Sheet Target, then an amount equal to such difference (“Excess Liabilities”) shall be paid to Parent out of the Escrow Fund in accordance with the terms of Section 7.4(e) hereof. For purposes of this calculation, Third Party Expenses shall not be considered as part of the total current liabilities. Following delivery by Parent to the Stockholder Representative of the Adjusted Balance Sheet, Parent shall give the Stockholder Representative reasonable access during Parent’s regular California business hours to those books and records of the Surviving Corporation in the possession or control of Parent and any personnel which relate to the preparation of the Adjusted Balance Sheet for purposes of resolving any disputes concerning the Adjusted Balance Sheet and the calculation of Net Assets at Closing.

  • Disruption to Payment Systems etc If either the Agent determines (in its discretion) that a Disruption Event has occurred or the Agent is notified by the Borrower that a Disruption Event has occurred:

  • Change Order (5) The Change Order is then submitted to the Project Manager who immediately processes the CO with OPC as required by Bulletin 3.5 and BGS’ Contracting Plan.

  • Consideration to Company In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in the Plan or this Agreement shall confer upon any Optionee any right to continue as a director of the Company, or shall interfere with or restrict in any way the rights of the Company and any Subsidiary, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.

  • Change Orders Any alteration or deviation from the Services mentioned or any other contractual specifications that result in a revision of this Agreement shall be executed and attached to this Agreement as a change order (“Change Order”).

  • COMPENSATION TO CONSULTANT The Consultant's compensation for the Consulting Services shall be as set forth in Exhibit B attached hereto and incorporated herein by this reference.

  • Death Subsequent to Commencement of Benefit Payments In the event the Executive dies while receiving payments, but prior to receiving all payments due and owing hereunder, the Employer shall pay the Beneficiary the same amounts at the same times as the Employer would have paid the Executive, had the Executive survived.

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