General Contractor’s Contract definition
Examples of General Contractor’s Contract in a sentence
Agreement and Assignment Regarding General Contractor’s Contract (6473).
Borrower shall have furnished Lender with a copy of the Assignment of General Contractor’s Contract, in form and substance reasonably acceptable to Lender, assigning the contract for the construction of the Project with the General Contractor to the Borrower.
Borrower shall deliver to the Lender copies of each amendment to the General Contractor’s Contract that (i) is a guaranteed maximum price amendment, (ii) results in net increase of more than $5,000,000 or (iii) is a non-monetary amendment thereto not in the ordinary course of business.
Tenant shall require ten percent (10%) retainage in the General Contractor’s Contract and said retainage shall be reflected in the requisition submitted to Landlord.
Without limitation on the foregoing provisions of this Section, it is acknowledged and agreed that the Administrative Agent and the Lenders shall have the continuing benefit of the Assignment of General Contractor’s Contract and all assurances provided by the Architect and the Auditors in connection with this Agreement and the other Loan Documents.