Changes to Plans and Specifications. Authorize or permit, nor allow Development Manager to authorize or permit, no Material Changes (as defined in the Development Agreement) to the Plans and Specifications without the prior written consent of Lender and all Governmental Authorities having jurisdiction to the extent such approval is required by law or regulation, and authorize or permit no changes in the Construction Contract to the extent any single change would cause an increase to the Budget by more than $25,000 per individual change or $125,000 in the aggregate without the prior written consent of Lender.
Appears in 3 contracts
Sources: Loan Agreement, Loan Agreement (CNL Healthcare Trust, Inc.), Loan Agreement (CNL Healthcare Trust, Inc.)