Common use of Plan Revision Clause in Contracts

Plan Revision. In the event that Tenant requests in writing a revision in the Plan or in any other plans hereafter approved by Tenant, then provided such change request is acceptable to Landlord, Landlord shall advise Tenant by written change order of any additional cost and/or Tenant Delay (as defined below) such change would cause. Tenant shall approve or disapprove such change order in writing within two (2) business days following its receipt. Tenant's approval of a change order shall not be effective unless accompanied by payment in full of the additional cost, if any, of the tenant improvement work resulting from the change order. It is understood that Landlord shall have no obligation to interrupt or modify the tenant improvement work pending Tenant's approval of a change order. All Tenant Improvement work, including the delivery, storage and removal of materials, shall be scheduled through and shall be subject to the reasonable supervision of Landlord, and shall be performed in accordance with any reasonable conditions or regulations imposed by Landlord including, without limitation, payment on demand of an administrative fee of three percent (3%) of the cost of the work of the Tenant Improvement to Landlord for supervision and administrative costs.

Appears in 1 contract

Sources: Lease Agreement (Svi Solutions Inc)

Plan Revision. In the event that Tenant requests in writing a revision in the Plan plan or in any other plans hereafter approved by Tenant, then provided such change request is acceptable to Landlord, Landlord shall advise Tenant by written change order WRITTEN CHANGE ORDER of any additional cost and/or Tenant Delay (as defined below) such change would causeWOULD CAUSE. Tenant shall approve or disapprove such change order in writing within two (2) business days following its receipt. Tenant's approval of a change order shall not be effective unless accompanied by payment in full of the additional cost, if any, of the tenant improvement work resulting from the change order. It is understood that Landlord shall have no obligation to interrupt or modify the tenant improvement work pending Tenant's approval of a change order. All Tenant Improvement work, including the delivery, storage and removal of materials, shall be scheduled through and shall be subject to the reasonable supervision of Landlord, and shall be performed in accordance with any reasonable conditions or regulations imposed by Landlord including, without limitation, payment on demand of an administrative fee of three five percent (35%) of the cost of the work of the Tenant Improvement to Landlord for supervision and administrative costs.

Appears in 1 contract

Sources: Lease Agreement (Svi Solutions Inc)