Common use of Scope Change Order Clause in Contracts

Scope Change Order. In the event Concessionaire initiates and authorizes a Scope Change Order and the forecasted cost to carry out such Scope Change Order exceeds the amount of Concessionaire’s remaining overrun contingency built in to the financial model approved by the Financing Parties as of Financial Close Date, Concessionaire shall reasonably demonstrate to Contractor that it has sufficient funds to pay for such Scope Change Order.

Appears in 2 contracts

Sources: Design Build Contract, Design Build Contract

Scope Change Order. In the event Concessionaire initiates and authorizes a Scope Change Order and the forecasted cost to carry out such Scope Change Order exceeds the amount of Concessionaire’s 's remaining overrun contingency built build in to the financial model approved by the Financing Parties as of Financial Close DateClosing, Concessionaire shall reasonably demonstrate to Contractor that it has sufficient funds to pay for such Scope Change Order.

Appears in 1 contract

Sources: Design Build Contract