Common use of Contracts and Change Orders Clause in Contracts

Contracts and Change Orders. The Developer shall be responsible for entering into all contracts and any supplemental agreements (herein referred to as “Change Orders”) required for the construction of the Authorized Improvements. The Developer may approve and implement any Change Orders, even if such Change Order would increase the Cost of an Authorized Improvement, but the Developer shall be solely responsible for payment of any Cost Overruns resulting from such Change Orders, except for amounts available and approved pursuant to Section 4.04.

Appears in 3 contracts

Samples: Construction, Funding, and Development Agreement, Construction, Funding, and Development Agreement, Construction, Funding, and Development Agreement

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Contracts and Change Orders. The Developer shall be responsible for entering into all contracts and any supplemental agreements (herein referred to as “Change Orders”) required for the construction of the an Authorized ImprovementsImprovement. The Developer or its contractors may approve and implement any Change Orders, Orders even if such Change Order would increase the Cost of an Authorized Improvement, but the Developer shall be solely responsible for payment of any Cost Overruns resulting from such Change Orders, Orders except for to the extent amounts are available and approved pursuant to Section 4.04.. ARTICLE V

Appears in 1 contract

Samples: Construction, Funding, and Acquisition Agreement

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