Common use of Changes in Plans Clause in Contracts

Changes in Plans. (a) Borrower shall not modify or supplement, or permit the modification or supplementing of, the Plans in any respect, which in the reasonable determination of the Consulting Professional would (i) materially adversely affect the structural integrity of the Improvements or alter the nature of the Improvements as a regional shopping center or (ii) cause the Improvements to be Completed after the Outside Completion Date and (b) Borrower shall not modify or supplement, or permit the modification or supplementing of, the Plans in any respect without the prior written consent of lessees under Leases which specify construction requirements, parties to any Project Document which have the authority to approve any changes in Plans and all Governmental Authorities which previously have approved the matters to be changed.

Appears in 2 contracts

Sources: Construction Loan Agreement (Taubman Centers Inc), Construction Loan Agreement (Taubman Realty Group LTD Partnership)