Common use of Project Changes Clause in Contracts

Project Changes. any (A) change to the Eligible Project Costs within a five percent (5%) variance of the Project Budget or (B) material change to the Construction Schedule. For purposes of this clause (viii), any delay to any milestone set forth in such Construction Schedule that negatively affects a critical path item that could delay achievement of Substantial Completion by the Projected Substantial Completion Date shall be a material change;‌‌

Appears in 5 contracts

Sources: Tifia Loan Agreement, Tifia Loan Agreement, Tifia Loan Agreement

Project Changes. any (A) change to the Eligible Project Costs within a five percent (5%) variance of the Project Budget or (B) material change to the Construction Schedule. For purposes of this clause (viii), any delay to any milestone set forth in such Construction Schedule that negatively affects a critical path item that and could delay achievement of Substantial Completion by the Projected Substantial Completion Date shall be a material change;‌‌

Appears in 3 contracts

Sources: Tifia Loan Agreement, Rrif Loan Agreement, Tifia Loan Agreement