Common use of Guaranteed Maximum Price Contract Clause in Contracts

Guaranteed Maximum Price Contract. The Issuers shall use their reasonable best efforts to enter into with the General Contractor, as promptly as practicable after the date hereof, a change order under the Construction Contract which adds to the Construction Contract a guaranteed maximum price (the “GMP” and, such change order, the “GMP Change Order”) of no greater than $22.0 million (the “Maximum GMP”).