Estimated Total Contractor’s Compensation and Target Mechanical Completion Date Adjustment Sample Clauses

Estimated Total Contractor’s Compensation and Target Mechanical Completion Date Adjustment. (a) Notwithstanding any entitlement Contractor may have to adjustments or extensions of time elsewhere in this Agreement, the Target Mechanical Completion Date shall be adjusted only for the limited and exclusive list of changes specified below, and as expressly so stated in corresponding Change Orders authorized by the Owner under this Agreement: (i) where Owner directs a Change to the Scope of Work that requires an aggregate increase or decrease to the overall Estimated Total Contractor’s Compensation for the Project by more than 5% (a “Fundamental Work Change”) and such Fundamental Work Change delays the critical path (as shown on the then-current Monthly Updated CPM Schedule) for the Target Mechanical Completion Date; (ii) after issuance of the Notice to Proceed, a suspension of substantially all of Work at the Site by Owner under Section 14.3 of the Agreement that delays the critical path (as shown on the then-current Monthly Updated CPM Schedule) for the Target Final Completion Date in excess of thirty (30) Days, except where the cause of such suspension is attributable to the fault or negligence of Contractor, any Subcontractor or any Sub-subcontractor or the result of a Force Majeure; (iii) after issuance of the Notice to Proceed, a Force Majeure event under Section 6.8 of the Agreement that delays the critical path (as shown on the then-current Monthly Updated CPM Schedule) for the Target Mechanical Completion Date in excess of thirty (30) Days; and (iv) a Change Order mutually executed by the Parties in connection with a change to the Scope of Work wherein Owner agrees, at Owner’s sole and absolute discretion, to adjust the Target Mechanical Completion Date. (b) The Estimated Total Contractor’s Compensation shall be adjusted up or down for amounts corresponding to those Change Orders referred to in paragraph 1.4(a)(i) or paragraph 1.4(a)(iv). (c) Upon satisfaction of the preconditions to any of the above events, Contractor shall notify Owner promptly of the occurrence (with supporting details) and the effects on the Target Final Mechanical Date and/or the Estimated Total Contractor’s Compensation. Owner shall adjust the Estimated Total Contractor’s Compensation and/or the Target Mechanical Completion Date (to the extent such event delays the actual achievement of Mechanical Completion beyond the Target Mechanical Completion Date, as shown on the critical path of the then current Monthly Updated CPM Schedule). The Target Final Mechanical Completio...