Change Order Cost definition
Change Order Cost means the net increase * * * in costs caused by or resulting from Change Orders requested by [RVI] (after reasonable efforts of the parties to minimize such costs). Such costs include, without limitation, architectural and engineering fees * * *, the six percent (6%) construction fee payable to [Construction Plus] under the Construction Contract and hard and soft construction costs. Change Order Costs shall be paid to [Northland] by [RVI]
Change Order Cost means the net amount by which the estimated aggregate cost Landlord will necessarily incur in connection with the construction of the Improvements, including, without limitation, the costs of labor and material, architectural and design fees, interest and other carrying costs, and sales or other excise taxes Landlord must pay in connection with the purchase of materials and services, will change by reason of the implementation of a change Tenant requests with respect to the Final Plans and Specifications, and shall be, at Tenant’s option, either (i) paid by Tenant, or (ii) included in the calculation of Base Rent payable under the Lease by adding to the amounts set forth in Section 3.01 of this Lease, the product obtained by the Base Rent Applicable Yield (as defined below), multiplied by the sum of all Change Order Costs set forth in fully executed Change Orders (the “Aggregate Change Order Cost”). If the Aggregate Change Order Cost is a negative number, thereby reflecting that Landlord will realize savings in the estimated aggregate cost Landlord will necessarily incur in connection with the construction of the Improvements by reason of the implementation of Tenant’s requested changes, the parties will proportionately diminish the Base Rent allocable to the Improvements to reflect that cost savings.
Change Order Cost means those additional or reduced recurring and non-recurring costs to Contractor to implement such change ( or which are not required to be implemented), as determined in accordance with Contractor's normal accounting practices, including those general and administrative costs ("G&A Costs") of such change, as determined in accordance with Contractor's normal accounting practices, [***] of Contractor's costs for such change. The "Change Order Profit Component" shall be equal to [***] of the Change Order Cost. The Total Change Order Cost shall be payable in accordance with the payment plan agreed by the Parties or, if applicable, by the Arbitrator. Unless otherwise agreed by the Parties, the Change Order Profit Component shall be payable in equal monthly installments at the same time as the monthly installments of Incentives Obligations; provided, however, that payment of the Change Order Profit Component shall not be conditioned upon performance of the Spacecraft or any component thereof.
Examples of Change Order Cost in a sentence
The Parties agree that the change order price adjustment (downward or upward) for any change shall be equal to the sum of (i) the "Change Order Cost" plus (ii) the "Change Order Profit Component".
Any Change Order Cost that increases the cost of constructing the Project Improvements shall be added to the Project Costs.
The Change Order Cost shall be determined in the manner described in Section 2.1(d) hereof and shall be set forth as part of the written Change Order.
The Change Order Cost for each Change Order hereunder shall be equal to the sum of all projected costs by Landlord, including, without limitation, financing costs whether expenses or interest costs (which shall be documented and verifiable) incurred in connection with the subject change, plus an aggregate fee of seven and 50/100 percent (7.50%).
Tenant shall then have three (3) business days to approve the Change Order Cost, the Change Order Delay and the Change Order Delay Expense.
More Definitions of Change Order Cost
Change Order Cost means the amount set forth in an executed Change Order representing the net increase or decrease in City Improvements Costs associated with the change in the Project Services identified in the Change Order.
Change Order Cost shall be equal to the total increase or decrease in costs resulting from the subject change (including, without limitation, any and all design, permitting and other so-called "soft costs"). The actual costs of the subject change shall be the aggregate of all payment obligations under those contracts or modifications to contracts entered into by Landlord or Contractor (if applicable), or their respective subcontractors, plus applicable general conditions, which are necessary to effectuate the specific Change Order. Anything in this Lease to the contrary notwithstanding, no Change Orders which increase the scope of any work hereunder with respect to any of Landlord's Improvements (i.e., either the Initial Improvements or the Expansion Improvements) shall be effective, unless Landlord gives its prior written consent thereto. Such consent may be given or withheld in Landlord's sole and absolute discretion.
Change Order Cost shall be equal to the sum of all actual costs incurred in connection with the subject change. The actual costs of the subject change shall be the aggregate of all payment obligations under those contracts or modifications to contracts entered into by Landlord, including standard construction management fees, plus applicable general conditions, which are necessary to effectuate the specific Change Order.
Change Order Cost means those additional or reduced recurring and non-recurring costs to Contractor to implement such change (or which are not required to be implemented), as determined in accordance with Contractor's normal accounting practices, including those general and administrative costs ("G&A Costs") of such change, as determined in accordance with Contractor's normal accounting practices, [***] of Contractor's costs for such change. The "Change Order Profit PanAmSat and Boeing Proprietary Information Subject to restrictions on Contract title page 83 Buyer ____ Contractor ____ [***] Filed separately with the Commission pursuant to a request for confidential treatment. Component" shall be equal to [***] of the Change Order Cost. The Total Change Order Cost shall be payable in accordance with the payment plan agreed by the Parties or, if applicable, by the Arbitrator. Unless otherwise agreed by the Parties, the Change Order Profit Component shall be payable in equal monthly installments at the same time as the monthly installments of Incentives Obligations; provided, however, that payment of the Change Order Profit Component -------- ------- shall not be conditioned upon performance of the Spacecraft or any component thereof.
Change Order Cost. As used herein, "Change Order Cost" shall ------------------ mean (i) the net increase in costs caused by or resulting from the Change Order (after reasonable efforts of the parties to minimize such costs), including, without limitation, architectural fees, engineering fees and construction costs, together with (ii) a fee in the amount of three percent (3%) of the net increase in costs resulting from the foregoing item (i) of this Section 6(b), which fee shall reimburse Landlord for the expense of administration and coordination of such Change Order by Landlord's Representative.
Change Order Cost means (i) the net increase in costs caused by or resulting from the Change Order, including, without limitation, architectural fees, engineering fees and construction costs, general contractor's overhead and profit together with (ii) a fee in the amount of ten percent (10%) of any net increase in costs resulting from a Change Order requested by Tenant pursuant to this Section 6, which fee shall reimburse Landlord for the expense of administration and coordination of such Change Order by Landlord's Representative. Tenant shall pay for any Change Order Cost resulting from a Tenant Change Order. Tenant shall not be responsible to pay for any Change Order not requested by Tenant and approved in writing.
Change Order Cost means those additional or reduced recurring and non- recurring costs to Contractor to implement such change (or which are not required to be implemented), as determined in accordance with Contractor's normal accounting practices, including those general and administrative costs ("G&A Costs") of such change, as determined in accordance with PANAMSAT AND ▇▇▇▇▇▇ PROPRIETARY INFORMATION SUBJECT TO RESTRICTIONS ON CONTRACT TITLE PAGE Contractor's normal accounting practices, [*********************] [****] of Contractor's costs for such change. The "Change Order Profit Component" shall be equal to [**************] of the Change Order Cost. The Total Change Order Cost shall be payable in accordance with the payment plan agreed by the Parties or, if applicable, by the Arbitrator. Unless otherwise agreed by the Parties, the Change Order Profit Component shall be payable in equal monthly installments at the same time as the monthly installments of Incentives Obligations; provided, however, that payment of the Change Order Profit Component -------- ------- shall not be conditioned upon performance of the Spacecraft or any component thereof.