Magnitude definition
Examples of Magnitude in a sentence
Once the Owner gives the Design/Builder the Notice to Begin Design, the Design/Builder shall instruct the Architect and its Subcontractors to commence preparation of the Order of Magnitude Documents for review and approval by the Owner.
Once the Order of Magnitude Cost Estimate and Outline Specifications have addressed all of the School District’s comments and the Order of Magnitude Cost Estimate and Outline Specifications have been approved by the School District, the Architectural Designer can begin the Schematic Design Phase process.
Magnitude acknowledges that it would be extremely difficult or impracticable to determine Investor's actual damages and costs resulting from the delay in providing an opinion or approval for said sale of securities and the inclusion herein of any such late charges or fees are the agreed upon liquidated damages representing a reasonable estimate of those damages and costs and do not constitute a penalty.
The Order of Magnitude Documents and Construction Documents shall be consistent with, and develop in detail, the intent of the Contract Documents, and shall include documents customarily required for regulatory approval by governmental agencies.
The Owner's review of the Order of Magnitude Documents and the Construction Documents shall be conducted in accordance with the durations and procedures set forth in Exhibits H and J hereto, and in accordance with the dates therefor set forth in the Schedule set forth in Exhibit H.
This Agreement constitutes the valid and legally binding obligation of Magnitude, enforceable in accordance with its terms and conditions.
Magnitude is a corporation duly organized, validly existing and in good standing pursuant to the laws of the State of Delaware, with all requisite power and authority to carry on its business as presently conducted in all jurisdictions where presently conducted, to enter into this Agreement and to consummate the transactions set forth in this Agreement.
The Common Stock of Magnitude shall continuously be listed on a national securities exchange, or traded on the NASDAQ National Market, the NASDAQ Small Cap Market, or the Over the Counter Bulletin Board (the "OTCBB").
The execution and delivery of this Agreement by Magnitude and the consummation by it of the transactions contemplated hereby have been duly approved and authorized by all necessary action of the Board of Directors of Magnitude, and no further authorization shall be necessary on the part of Magnitude for the performance and consummation by Magnitude of the transactions contemplated hereby.
Magnitude has the full right, power and legal capacity to enter into this Agreement and to consummate the transactions contemplated hereby.