Major Subcontracts definition

Major Subcontracts means any subcontracts between the General Contractor and any subcontractors and material suppliers which provide for an aggregate contract price equal to or greater than $1,000,000.

Major Subcontracts means any subcontracts under the Construction Contracts which provide for aggregate payments in excess of $1,000,000.

Major Subcontracts means any contract between Contractor and any Major Subcontractor.

Examples of Major Subcontracts in a sentence

• The following Subcontracts are Major Subcontracts, and will apply even if the actual contractual arrangement is as a Sub-subcontractor.

• Subject to the provisions of Section 2.4 of the Agreement, this Attachment includes (in Section 1.6) the List of Approved Subcontractors; identifies (in Section 1.3) the Subcontracts designated as Major Subcontracts, identifies (in Section 1.4) the Sub-subcontracts which are designated as Major Sub-subcontracts, and lists (in Section 1.5) the Equipment designated as Major Equipment.

• Subject to the provisions of Section 2.4 of the Agreement, this Attachment includes: • (in Section 1.3) the Subcontracts designated as Major Subcontracts; • (in Section 1.4) the Sub-subcontracts which are designated as Major Sub-subcontracts; • (in Section 1.5) the Subcontracts designated as Bulk Order Subcontracts; • (in Section 1.6) the Equipment designated as Major Equipment; and • (in Section 1.7) the List of Approved Subcontractors.

• Contractor shall provide the Joint Board with a list of all Subcontracts with each monthly update, shall allow the Joint Board access to all Subcontracts and records regarding Subcontracts and shall deliver to the Joint Board, within 10 Days after execution, copies of all Major Subcontracts and, within 10 Days after receipt of a request from the Joint Board, copies of all other agreements or documents as may be requested.

• Subject to the provisions of Section 2.4 of the Agreement, this Attachment includes: • (in Section 1.7) the List of Approved Subcontractors; • (in Section 1.3) the Subcontracts designated as Major Subcontracts; • (in Section 1.4) the Sub-subcontracts which are designated as Major Sub-subcontracts; • (in Section 1.5) the Subcontracts designated as Bulk Order Subcontracts; and, • (in Section 1.6) the Equipment designated as Major Equipment.

More Definitions of Major Subcontracts

Major Subcontracts means the subcontracts of each and every subcontractor or material supplier whose bid represents 10% or more of the total costs of Completion of the Improvements and a sufficient number of subcontractors' and material suppliers' contracts whose bids collectively represent not less than 70% of the total costs of Completion of the Improvements.

Major Subcontracts has the meaning given to such term in the definition of Material Contracts.

Major Subcontracts means any subcontracts for the construction of the Improvements which are for a contract amount of $500,000 or more.

Major Subcontracts means all contracts or subcontracts executed by a Subcontractor and either Borrower, General Contractor or another Subcontractor in connection with the Project in an amount equal to or greater than Five Hundred Thousand Dollars ($500,000.00) in the aggregate for any single Subcontractor.

Major Subcontracts means any subcontracts entered into, or to be entered into, by Tenant and/or any Subtenant for any Major Construction for an aggregate value in excess of $50,000.00, as such contracts may from time to time be modified, amended, waived, cancelled, terminated, substituted, or replaced in good faith.

Major Subcontracts. All subcontracts between the General Contractor and any subcontractors and material suppliers which provide for an aggregate contract price equal to or greater than $500,000.00. Material Adverse Change or material adverse change: If, in Lender's reasonable discretion, the business prospects, operations or financial condition of a person, entity or property has changed in a manner which could impair the value of Lender's security for the Loan, prevent timely repayment of the Loan or otherwise prevent the applicable person or entity from timely performing any of its material obligations under the Loan Documents.

Major Subcontracts means a contract between Developer and a contractor or between the General Contractor and a subcontractor for the construction of the Project which has a face value of at least $50,000.