Area Variations Sample Clauses
The Area Variations clause defines the process for adjusting the scope or size of a designated area within a contract, typically in construction or service agreements. It outlines how changes to the area—such as increases or decreases in square footage or coverage—are to be requested, approved, and valued, often requiring written notice and agreement on revised pricing or timelines. This clause ensures that both parties have a clear, agreed-upon method for handling changes to the physical or operational area covered by the contract, thereby preventing disputes and maintaining project alignment.
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Area Variations. (a) The Purchaser agrees that the Total Unit Area is an approximation by the Seller of the final as-built measurements of such area which will be calculated in accordance with the Jointly Owned Property Law.
(b) If, on Completion, the actual Total Unit Area varies by more than what is permissible pursuant to the Applicable Laws as compared to the Total Unit Area specified in Item 3, the Purchase Price shall be adjusted accordingly to the extent of such variation. The Purchaser agrees that any variation in Purchase Price shall be adjusted from the final Purchase Price Instalment due pursuant to the Payment Schedule.
(c) The Purchaser shall not be entitled to request the Seller to make any variations of whatsoever nature to the Unit.