Lead company definition
Examples of Lead company in a sentence
In the event Participant rejects the Drawings or the cost breakdown, Lead Company shall promptly resolve any objection or deficiency to the reasonable satisfaction of Participant.
Participant shall have twenty (20) business days after receipt of the Drawings and the cost breakdown to either accept or reject the Drawings or the cost breakdown by delivery of a written notice (reasonably detailed, in the case of a rejection) to Lead Company.
Each party shall pay its pro rata share of any present or future taxes, fees, charges or assessments which Lead Company is required or obligated to pay by reason of the construction or ownership of the Joint Build or the installation, operation or maintenance of the Facilities.
The foregoing payment provisions apply to any amounts Lead Company owes Participant pursuant to applicable provisions of this Agreement.
If the parties cannot reach an agreement on the Drawings or the cost breakdown, Participant may terminate this Agreement as provided in Section 14, whereupon Participant shall reimburse Lead Company for the reasonable costs it incurred that arose out of Participant’s agreement to participate in the Joint Build.
Prior to the commencement of Work on the Joint Build, Lead Company shall provide Participant with a copy of the engineering drawings it intends to use when it commences the Work (“Drawings”) and the cost breakdown of Participant’s share of the Project Costs.
Upon termination of this Agreement for Default, Lead Company shall continue to complete the Work to a reasonable stopping point, and each party shall pay for its pro rata share of the Project Costs and management fees through the completion of such Work.
All undisputed amounts due Lead Company or its contractor under this Agreement shall be paid by Participant within forty-five (45) days following receipt of invoices along with a detailed accounting of such amounts.
Within thirty (30) days after Participant’s acceptance of the Drawings and the cost breakdown, Lead Company shall prepare the Scope of Work, which Lead Company and Participant shall execute within ten (10) days thereafter.
If Participant fails to reject the Drawings or the cost breakdown within such twenty (20) day period, the Drawings and the cost breakdown shall be deemed acceptable by Participant and Lead Company shall proceed with the Work.