Examples of Project Guarantees in a sentence
Contractor shall promptly review the Scope Change Order Request and notify Client promptly in writing of the options for implementing the proposed Scope Change (including, if possible, any option that does not involve an extension of time) and the effect, if any, each such option would have on the Contract Price, the Guaranteed Completion Dates, the Payment Schedule, the Project Schedule, or the Project Guarantees, or any other such part of this Agreement as may be affected.
The Fund may guarantee the indebtedness of a Portfolio Project (each such guarantee, a “Portfolio Project Guarantee”), provided that the total amount of Portfolio Project Guarantees does not, in the aggregate when added to the amount borrowed by the Fund under Section 6.4, exceed 10% of the aggregate Contributed Capital (or such greater amount as may be approved in advance by the LPAC).
All claims by Contractor for adjustments pursuant to a Scope Change to one or more of the Contract Price, the Guaranteed Completion Dates, the Payment Schedule, the Project Schedule, the Project Guarantees, or any other such part of this Agreement as may be affected as a result of Scope Changes under this Article 12 shall be supported by such documentation as is reasonably sufficient for Client to determine the accuracy thereof.
Each Partner hereby commits to contribute, provide or advance to the Partnership the Equity Guarantees, Equity Contributions, Development Funds, and Project Guarantees as described in this Article 4.
Client, without invalidating this Agreement, may order Scope Changes to the Work, where one or more of the Contract Price, the Guaranteed Completion Dates, the Payment Schedule, the Project Schedule or the Project Guarantees and other such parts of this Agreement as may be affected by such Scope Change shall be adjusted as necessary.
The warranties and guarantees in this Article 10 are in addition to the guarantees of Contractor set forth in Article 7 (Completion Date) and Article 8 (Project Guarantees and Remedies).
Within seven (7) days after receipt of a written request from the Managing Partner, each Partner shall provide Project Guarantees to or on behalf of the Partnership in an amount equal to its Equity Ownership Percentage multiplied by the aggregate amount of Project Guarantees required to be provided by all of the Partners, subject to ERC approval or as required under a Project Contract.
In the event Client disagrees with Contractor’s statement of the effect of such Scope Change on any one or more of the Contract Price, the Guaranteed Completion Dates, the Payment Schedule, the Project Schedule, the Project Guarantees, or any other such part of this Agreement as may be affected, Client may proceed to issue the Scope Change Order in accordance with Section 12.7.
Each Partner commits that it will provide Project Guarantees to or on behalf of the Partnership as requested by the Managing Partner, subject to ERC approval or as otherwise required under a Project Contract.
In the event of a suspension of the Work pursuant to this Section 15.1.1, Client will authorize a Scope Change Order making equitable adjustments to one or more of the Contract Price, the Guaranteed Completion Dates, the Payment Schedule, the Project Schedule, or the Project Guarantees.