Examples of Approved Bid in a sentence
Any time in excess of 20 days total spent revising the Constructions Plans and rebidding the work until Tenant has selected an Approved Bid shall constitute Tenant Delay.
Upon Tenant’s notification of an Approved Bid, it shall be deemed that Tenant has agreed to pay all Tenant Improvement Costs up to the total amount of the Approved Bid, the Construction Plans, upon which the Approved Bid is based, shall constitute the “Approved Construction Plans”, and the contractor who made the Approved Bid shall be deemed the “Contractor”.
Once Landlord and Tenant have agreed upon the Approved Bid, and a contract for the construction of the Tenant Improvements has been entered into with the Contractor, Landlord shall be responsible for making monthly progress payments to Contractor in accordance with the construction contract, subject to reimbursement by Tenant pursuant to the following procedure.
The Construction Budget, which reflects the Approved Bid, is attached hereto as Schedule 1 to this Rider 101.
To: Vendor Addressed From: Paul Hylander Subject: Approved Bid Awards Enclosed you will find copies of the approved bid awards for the following categories: Computers and Computer parts Software Computer Maintenance Printers and Scanners You are requested to send two (2) copies of your catalog to the school districts in Region One.
Landlord shall reimburse Tenant each month, within twenty (20) days of receipt of bills or invoices from Tenant representing the current months' payment obligation to the Contractor (the "Monthly Payment"), for that portion of the Monthly Payment determined by taking a fraction, the numerator of which is the Landlord's Allowance, and the denominator of which is the Approved Bid, and multiplying the Monthly Payment by such fraction.
If the total Approved Bid is in equal to or less than the sum of the Landlord's Allowance, Landlord shall reimburse Tenant each month, within twenty (20) days of receipt of bills or invoices from Tenant representing the current Monthly Payment, for the entire Monthly Payment.
If none of Buyer, Gulf Island or their subsidiaries intends to submit a bid for such work, then Seller shall review Seller's proposed bid with Buyer and Gulf Island, and Buyer and Gulf Island shall inform Seller, in writing, whether they approve of the bid terms, in which event the bid shall be deemed an "Approved Bid" and, if still outstanding on the Closing Date, included among the Assumed Contracts on the Closing Date.
In the event LESSOR and LESSEE agree, in writing, upon a set plans and specifications for the Leasehold Improvements and the bid for the construction thereof by and including May 21, 1999, then LESSOR shall execute a construction agreement pursuant to the Approved Bid and proceed to construct the Leasehold Improvements in accordance with the LESSEE'S Approved Plans.
Landlord shall reimburse Tenant each month, within twenty (20) days of receipt of bills or invoices from Tenant representing the current months’ payment obligation to the Contractor (the “Monthly Payment”), for that portion of the Monthly Payment determined by taking a fraction, the numerator of which is the Landlord’s Allowance, and the denominator of which is the Approved Bid, and multiplying the Monthly Payment by such fraction.