Example ContractsClausescurative allocationsVariants
Curative Allocations
Curative Allocations contract clause examples

Other than Permitted Budget Re-allocations, subject to the prior approval of , which shall not be unreasonably withheld, conditioned or delayed, the may revise the Project Budget from time to time to move Building Loan Contingency (Hard Costs) to other Hard Costs Budget Lines, and/or to move Building Loan Contingency (Soft Costs) to other Soft Costs Budget Lines. Any Permitted Budget Re-allocations shall not require the prior approval of , but shall provide prompt written notice of same to .

Permitted Budget Re-allocations” shall mean any revision of the Project Budget # to move Building Loan Contingency (Hard Costs) to other Hard Costs Budget Lines, so long as the Building Loan Contingency (Hard Costs) remaining after such re-allocation is not less than five percent (5%) of the aggregate remaining Hard Costs Budget Line as reasonably determined by , # to move Building Loan Contingency (Soft Costs) to other Soft Costs Budget Lines, so long as the Building Loan Contingency (Soft Costs) remaining after such re-allocation is not less than five percent (5%) of the aggregate remaining Soft Costs Budget Line as reasonably determined by , or # any re-allocations of a Budget Line made by the General Contractor pursuant to the General Contractor’s Agreement to which does not have the right to approve pursuant to the General Contractor’s Agreement.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.