Common use of Project Authorization Clause in Contracts

Project Authorization. Each Project Authorization shall be substantially in the form attached hereto as Exhibit B and executed by Client and Manager. Each Project Authorization shall include the following information: (i) a description of Client’s Project; (ii) the location of the Project; (iii) the estimated size of the contemplated Project, expressed in “rentable square feet” (as generally defined in the specific market); (iv) as estimated schedule for the Project; (v) the names of the individuals designated as Authorized Representatives (as defined in Section 2 below) for the Project; (vi) the Project Fee (as defined in paragraph 6.1 below) for the Project; and (vii) if applicable, the scope of consulting services to be performed by Manager. Upon execution by Client and Manager, each Project Authorization shall be deemed incorporated into and made a part of the Agreement. The execution by Client and Manager of a Project Authorization shall constitute Manager’s authority to proceed to provide Services with respect to a particular Project. Manager shall not be obligated or authorized to perform any Services with respect to any Project until a Project Authorization for such Project has been signed by both Owner and Manager.