Major Subcontracts definition

Major Subcontracts means any subcontracts under the Construction Contracts which provide for aggregate payments in excess of $1,000,000.

Major Subcontracts means any contract between Contractor and any Major Subcontractor.

Major Subcontracts means all contracts or subcontracts executed by a Subcontractor and either General Contractors or another Subcontractor in connection with the Construction Projects if the aggregate amount of such contracts or subcontracts executed by such Subcontractor is equal to or greater than One Hundred Thousand Dollars ($100,000.00).

Examples of Major Subcontracts in a sentence

• Contractor shall provide Owner with a list of all Major Subcontracts within sixty (60) days after the Effective Date and shall update such list on a monthly basis thereafter.

• Cause all contracts and Major Subcontracts to require that the contracting party maintain insurance coverage at such party's expense, consistent with County's requirements and obtain and keep on file certificates of insurance for each contract and Major Subcontract showing that each such party is insured.

• The Subcontractors listed on Schedule 13 to Exhibit A (Approved Major Subcontracts) are approved for the initial Services indicated on such Schedule, provided that Company may modify such pre-approved list of Subcontractors from time to time with respect to future Subcontracts.

• Company shall have the right to pre-approve Subcontractors for Major Subcontracts, and Company may reject such proposed Subcontractors in Company’s good faith business judgment.

• Borrower shall provide payment and performance bonds for each of the Major Subcontracts.

More Definitions of Major Subcontracts

Major Subcontracts. All subcontracts between the General Contractor and any subcontractors and material suppliers which provide for an aggregate contract price equal to or greater than $250,000.

Major Subcontracts means any subcontracts for the construction of the Improvements which are for a contract amount of $500,000 or more.

Major Subcontracts means the subcontracts of each and every subcontractor or material supplier whose bid represents 10% or more of the total costs of Completion of the Improvements and a sufficient number of subcontractors' and material suppliers' contracts whose bids collectively represent not less than 70% of the total costs of Completion of the Improvements.

Major Subcontracts has the meaning given to such term in the definition of Material Contracts.

Major Subcontracts means (i) all Subcontracts with compensation exceeding [*]; (ii) those Subcontracts that include the performance of any of the following Services: (a) installation or maintenance of high voltage electrical systems; fire and life safety systems; critical process control systems including without limitation building automation systems and critical equipment monitoring

Major Subcontracts as used in this Agreement shall mean any contract or contracts entered into with any architect, single subcontractor or materialman employed by the Construction Manager or the Borrower in connection with -B1- the construction of the Improvements and providing for aggregate payments to such architect, subcontractor or materialman equal to or in excess of $100,000.00.

Major Subcontracts. All subcontracts between either General Contractor and any subcontractors and material suppliers which provide for an aggregate contract price equal to or greater than $3,000,000. Management Agreements: Agreements, whether written or oral, providing for the management of the Project. As of the Loan Opening Date, no Management Agreement exists. Material Adverse Change or material adverse change: If, in Agent’s reasonable discretion, the business operations or financial condition of the Project, Borrower or Guarantor has changed in a manner which could materially impair the value of Lender’s security for the Loan, prevent timely repayment of the Loan or otherwise prevent the applicable person or entity from timely performing any of its material obligations under the Loan Documents.