Common use of Product Type Clause in Contracts

Product Type. Generally, the specifications for Residences shall conform to Builder’s existing product types/offerings for the Land, including when applicable the “everything included” and/or “next gen” offerings. Any changes proposed by Owner to the pre-existing product type or spec levels for Residences shall be subject to Builder’s approval; provided that if the changes proposed by Owner are consistent with other residence product types Builder constructs in the Applicable Market, Builder’s approval shall not be unreasonably withheld. Owner shall pay all costs and expenses arising from any such Owner initiated changes (e.g., costs of modifying architectural plans).

Appears in 2 contracts

Sources: Master Program Agreement (Millrose Properties, Inc.), Master Program Agreement (Millrose Properties, Inc.)