Common use of LNTP1 Clause in Contracts

LNTP1. Upon satisfaction by Design-Builder of the conditions precedent set forth in Section 1 (Conditions Precedent to Issuance of LNTP1) of Exhibit 5, Department shall within three (3) Business Days issue a limited notice to proceed (“LNTP1”) authorizing and obligating Design-Builder to commence the Early Work described in Section 2.A (LNTP1 – Early Work) of Exhibit 5. Design-Builder shall commence such Early Work within fourteen (14) days of its receipt of LNTP1, unless the parties mutually agree otherwise in writing. The scope, schedule, payment amount and payment terms for such Early Work are set forth in Exhibit 5. Except as otherwise provided in Section 5.1.1.4 below, the total amount of compensation paid by Department to Design-Builder in respect of the Early Work undertaken pursuant to LNTP1 shall not exceed one hundred twenty-five million dollars ($125,000,000) (the “LNTP1 Cap”), which amount is inclusive of the advance payment of four million dollars ($4,000,000) made to Design- Builder in accordance with Section 8.6.2 of the Instructions for Offerors.

LNTP1. Upon satisfaction by Design-Builder of the conditions precedent set forth in Section 1 (Conditions Precedent to Issuance of LNTP1) of Exhibit 5, Department shall within three (3) Business Days issue a limited notice to proceed (“LNTP1”) authorizing and obligating Design-Builder to commence the Early Work described in Section 2.A (LNTP1 – Early Work) of Exhibit 5. Design-Builder shall commence such Early Work within fourteen (14) days of its receipt of LNTP1, unless the parties mutually agree otherwise in writing. The scope, schedule, payment amount and payment terms for such Early Work are set forth in Exhibit 5. Except as otherwise provided in Section 5.1.1.4 below, In no event shall the total amount of compensation paid by Department to Design-Builder in respect of the Early Work undertaken pursuant to LNTP1 shall not exceed one hundred twenty-five million dollars ($125,000,000) (the “LNTP1 Cap”), which amount is inclusive of the advance payment of four million dollars ($4,000,000) made to Design- Design-Builder in accordance with Section 8.6.2 of the Instructions for Offerors.

LNTP1. Upon satisfaction by Design-Builder of the conditions precedent set forth in Section 1 (Conditions Precedent to Issuance of LNTP1) of Exhibit 5, Department shall within three (3) Business Days issue a limited notice to proceed (“LNTP1”) authorizing and obligating Design-Builder to commence the Early Work described in Section 2.A (LNTP1 – Early Work) of Exhibit 5. Design-Builder shall commence such Early Work within fourteen (14) days of its receipt of LNTP1, unless the parties mutually agree otherwise in writing. The scope, schedule, payment amount and payment terms for such Early Work are set forth in Exhibit 5. Except as otherwise provided in Section 5.1.1.4 below, In no event shall the total amount of compensation paid by Department to Design-Builder in respect of the Early Work undertaken pursuant to LNTP1 shall not exceed one hundred twenty-five million dollars ($125,000,000) (the “LNTP1 Cap”100,000,000), which amount is inclusive of the advance payment of four million dollars ($4,000,000) made to Design- Design-Builder in accordance with Section 8.6.2 of the Instructions for Offerors.