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Delays
Delays contract clause examples

Amount of ’s Contribution. shall pay, as ’s contribution to the payment of the Improvement Costs (“’s Contribution”), the sum of # the amount of the Improvement Costs in excess of the Improvement Allowance up to, but not to exceed, the Final TI Cost Budget (subject to any adjustment to the Final TI Cost Budget to account for the cost of Changes to the Improvements approved by and as provided for in [Section 2.7(c)] above,) plus # any increases in Improvement Costs resulting from Delays plus # any amount payable by pursuant to [Section 2.8(d)] above. In addition to the Improvement Allowance, shall be responsible for any Improvement Costs, if any, in excess of ’s Contribution.

Payment of ’s Contribution. In the event that is expected to pay ’s Contribution, then within fifteen (15) days after ’s receipt of a monthly invoice from for the portion of ’s Contribution due that month in accordance with this subsection, shall pay to such portion of ’s Contribution. The Final TI Cost Budget shall be adjusted from time to time based on Changes approved by and as provided for in [Section 2.7(c)] above Subject to the restriction that disbursements of the Improvement Allowance must be permissible under Section 4.1(a), ’s monthly invoice to for the ’s Contribution shall be for an amount equal to the product of # the Improvement Costs incurred that month and # a fraction, the numerator of which is ’s Contribution and the denominator of which is the Final TI Cost Budget; provided, however, that in no event shall shall be required to fund an amount in excess of the ’s Contribution specified in Section 4.1(b) above.

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