Time Limit and other Requirements for Contractor’s Notice of Claim, and Waiver of Claim Sample Clauses

Time Limit and other Requirements for Contractor’s Notice of Claim, and Waiver of Claim. The Contractor’s written notice of Claim shall set forth: (i) the reasons for which the Contractor believes additional compensation or increase in the Contract Price will or may be due or additional Contract Time should be granted; (ii) the nature of the costs involved; (iii) Contractor’s plan for mitigating such costs; (iv) if reasonably ascertainable, the amount of the potential Claim; (v) if the Contractor’s Claim relates to or will affect the critical path of the Project Schedule, demonstrable proof of such; and (vi) Contractor’s plan for mitigating any such delay. Time is expressly of the essence with respect to Contractor’s giving of notice of any Claim or potential Claim to Princeton University as specified in this Contract, so as to provide Princeton University an opportunity to remedy any breach or to take action to avoid or mitigate any cause for any cost increases or escalation or delay to the performance of the Work. It is an express condition precedent to Contractor’s ability to pursue any Claim for increase in the Contract Price or extension of Contract Time or any Claim for damages against Princeton University or the Project or any remedy whatsoever relating to the Contract, that Contractor deliver to Princeton University the written notice in compliance with Clauses J3(b) and J3(c), within five (5) business days after the date on which the Contractor has knowledge, or should reasonably have knowledge, of the events or circumstances giving rise to such Claim or potential right to Claim. If Contractor does not provide the written notice within the time required and otherwise in strict conformance with the requirements of Clauses J3(b) and J3(c) and any other applicable terms of the Contract, Contractor shall have conclusively and expressly waived such Claim or any potential right to Claim and/or any ability to pursue any remedies for the subject matter of such Claim or potential right to Claim and Contractor shall be forever estopped from asserting otherwise. CLAUSE J4 DISPUTE RESOLUTION
AutoNDA by SimpleDocs

Related to Time Limit and other Requirements for Contractor’s Notice of Claim, and Waiver of Claim

  • Waiver of Claims 9.1. The CONTRACTOR's acceptance of final payment shall constitute a full waiver of any and all claims, except for insurance company subrogation claims, by it against the CITY arising out of this Agreement or otherwise related to the Project, except those previously made in writing and identified by the CONTRACTOR as unsettled at the time of the final payment. Neither the acceptance of the CONTRACTOR's services nor payment by the CITY shall be deemed to be a waiver of any of the CITY's rights against the CONTRACTOR.

  • WAIVER OF CLAIMS AND INDEMNITY AGREEMENT In consideration of the Releasees accepting my application for a Season Pass and permitting my use of the lifts, ski runs, trails, terrain parks, race courses, restaurants, day lodge, parking, access roads and other ski area facilities (hereinafter “the premises”), I hereby agree as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.