Common use of Changes in Plans Clause in Contracts

Changes in Plans. All requests for approval of changes in the Plans and Specifications must be in writing and be conditioned upon approval by Administrative Agent, which approval shall be subject to such conditions and qualifications as Administrative Agent in its sole and absolute discretion may reasonably prescribe. Notwithstanding the foregoing, Administrative Agent’s approval shall not be required if all of the following conditions are satisfied: (i) Said changes do not have a material effect on the structural portions or the exterior appearance of the Improvements or the architectural design concept thereof; (ii) None of said changes individually increases the cost of construction by more than $300,000; and (iii) The aggregate of all of said changes does not increase the cost of construction by more than $900,000. At the end of each month Borrower will submit to Administrative Agent copies of all change orders effecting said changes made in such month.

Changes in Plans. All requests for approval of changes in the Plans and Specifications must be in writing and be conditioned upon approval by Administrative AgentLender, which approval shall be subject to such conditions and qualifications as Administrative Agent Lender in its sole and absolute discretion may reasonably prescribe. Notwithstanding the foregoing, Administrative AgentLender’s approval shall not be required if all of the following conditions are satisfied: (i) Said changes do not have a material effect on the structural portions or the exterior appearance of the Improvements or the architectural design concept thereof; (ii) None of said changes individually increases the cost of construction by more than $300,000200,000; and (iii) The aggregate of all of said changes does not increase the cost of construction by more than $900,000600,000. At the end of each month Borrower will submit to Administrative Agent Lender copies of all change orders effecting said changes made in such month.

Changes in Plans. All requests for approval of changes in the Plans and Specifications must be in writing writing, signed by Borrower, and shall be conditioned upon approval acceptance by Administrative AgentLender, which approval acceptance shall be subject to such conditions and qualifications as Administrative Agent Lender in its sole and absolute discretion may reasonably prescribe. Notwithstanding the foregoing, Administrative Agent’s Lender's approval shall not be required if all of the following conditions are satisfied: (ia) Said changes do not have a material effect on the structural portions or the exterior appearance of the Improvements or the architectural design concept thereof; (iib) None of said changes individually increases the cost of construction by more than $300,000; and25,000; (iiic) The aggregate of all of said changes does not increase the cost of construction by more than $900,000. 100,000; and (d) At the end of each month Borrower will submit submits to Administrative Agent Lender copies of all change orders effecting said changes made in such month.