GSPM definition
Examples of GSPM in a sentence
GSPM shall invoice the Developer on 1 April 1998, 1 July 1998 and 1 October 1998 in respect of the Developer's Fit Out Works, each such invoice to be a proper VAT invoice addressed to the Developer for the sum of pound 1,137,917 on each occasion, and the Developer shall pay the invoiced amount to GSPM within 1 week of receipt of the relevant invoice.
The Developer hereby appoints GSPM, and GSPM hereby agrees, to carry out the Developer's Fit Out Works for the Developer.
GSPM shall at all reasonable times permit FSP and its nominated representative to inspect the progress and manner of execution of the Developer's Fit Out Works on reasonable prior notice and subject to the reasonable and proper safety requirements imposed by GSPM and/or the Fit Out Building Contractor.
The Tenant shall or shall procure that GSPM shall advise the Developer from time to time in writing of the full reinstatement cost of the Fit Out Works including professional fees costs of debris removal and VAT where applicable and the Developer shall be entitled to rely without further enquiry on such cost notified from time to time in effecting any relevant insurance of the Fit Out Works pursuant to the provisions set out below.
GSPM shall itself, and shall use all reasonable endeavours to procure that the Fit Out Professional Firms and the Fit Out Building Contractor and all other parties instructed by or acting for GSPM in relation to the Developer's Fit Out Works comply with the Site Regulations.