Port Authority Requested Changes Sample Clauses

Port Authority Requested Changes. (i) The Lessee shall provide the Port Authority with a written statement within ten (10) Business Days after the Lessee's receipt of a Port Authority Requested Change setting forth in detail the Lessee's good faith cost estimate for such Port Authority Requested Change for labor, materials and equipment and such other Cost Categories as may be applicable (including without limitation design and construction and the costs of any changes in related work) and savings, if any, in the Cost of the Redevelopment Work which would result from such Port Authority Requested Change and the impact of the Port Authority Requested Change (either positive or negative), cumulatively with all prior Authorized Change Orders on (A) the Cost of the Redevelopment Work (B) each Element of Cost and (C) on the scheduled completion date for each Element of Work. (ii) The Lessee shall design and make such changes or modifications in the Redevelopment Work in accordance with each Port Authority Requested Change Order, which changes and modifications will become a part of the applicable Redevelopment Work Construction Application and the Redevelopment Work. (iii) The Lessee shall not authorize or permit any Redevelopment Work Contractor to perform any work in connection with any Port Authority Requested Change unless the Port Authority has approved such Port Authority Requested Change. (iv) The Lessee will use commercially reasonable efforts to provide the Port Authority with an estimate for each Port Authority Requested Change in the lowest lump sum amount. In the event that such lump sum amount is not satisfactory to the Port Authority, the Port Authority will have the option to have the Lessee proceed with the Port Authority Requested Change on a time and materials basis not to exceed without prior approval of an agreed upon maximum cost. (v) The Port Authority shall pay the Lessee for the cost of all Port Authority Requested Change Orders in accordance with Section 87 of this Agreement, provided, however, if the work, materials or equipment covered by a Port Authority Requested Change is part of the Element Budget for the Cost of the Lessee's Redevelopment Work Elements, then only the incremental cost of such Port Authority Requested Change Order shall be included in any Cost of the Port Authority Requested Change Order and in the Cost of the Port Authority Redevelopment Work Elements and the remainder of the amounts paid or payable under such Port Authority Requested Change Order...