EXHIBIT 10.47 CONSTRUCTION MANAGEMENT AGREEMENTConstruction Agreement |
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NETWORK APPLIANCE INC | BNP PARIBAS LEASING CORPORATION. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Construction Agreement by:
Exhibit 10.47
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CONSTRUCTION MANAGEMENT AGREEMENT BETWEEN NETWORK APPLIANCE, INC. AND BNP PARIBAS LEASING CORPORATION December 14, 2006 |
TABLE OF CONTENTS
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ENGAGEMENT AND
AUTHORIZATION |
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1 |
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GENERAL TERMS AND
CONDITIONS |
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2 |
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1 |
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Additional
definitions |
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2 |
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“97-10/Event” |
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2 |
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“97-10/Maximum
Permitted Prepayment” |
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2 |
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“97-10/Prepayment” |
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3 |
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“97-10/Project
Costs” |
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3 |
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“97-10/Pronouncement” |
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4 |
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“NAI’s
Estimate of Force Majeure Delays” |
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4 |
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“NAI’s
Estimate of Force Majeure Excess Costs” |
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4 |
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“Accrued
Construction Period Interest Expense” |
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4 |
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“Affiliate’s
Contract” |
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5 |
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“Arrangement Fee” |
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5 |
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“Administrative
Fee” |
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5 |
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“Capital Adequacy
Charges” |
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5 |
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“Carrying Costs” |
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5 |
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“Commitment Fees” |
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5 |
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“Complete Taking” |
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5 |
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“Completion Date” |
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5 |
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“Completion Notice” |
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5 |
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“Construction
Advances” |
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5 |
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“Construction
Advance Request” |
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6 |
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“Construction
Allowance” |
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6 |
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“Construction
Budget” |
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6 |
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“Construction
Project” |
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6 |
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“Covered
Construction Period Losses” |
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6 |
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“Defective Work” |
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6 |
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“FOCB Notice” |
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6 |
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“Force Majeure
Event” |
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7 |
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“Funded
Construction Allowance” |
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7 |
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“Future Work” |
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7 |
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“Ground Lease
Rents” |
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7 |
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“Increased Cost
Charges” |
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7 |
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“Increased
Commitment” |
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7 |
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“Increased Funding
Commitment” |
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7 |
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“Increased Time
Commitment” |
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7 |
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“Initial Advance” |
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7 |
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“Maximum
Construction Allowance” |
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7 |
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TABLE OF CONTENTS
(Continued)
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Page |
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“Notice of
NAI’s Intent to Terminate” |
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7 |
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“Notice of
NAI’s Intent to Terminate Because of a Force Majeure Event” |
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8 |
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“Notice of
Termination By NAI” |
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8 |
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“Outstanding
Construction Allowance” |
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8 |
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“Owner’s
Election to Continue Construction” |
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8 |
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“Pre-lease
Casualty” |
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8 |
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“Pre-lease Force
Majeure Delays” |
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8 |
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“Pre-lease Force
Majeure Event” |
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8 |
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“Pre-lease Force
Majeure Event Notice” |
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8 |
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“Pre-lease Force
Majeure Excess Costs” |
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8 |
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“Pre-lease Force
Majeure Losses” |
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9 |
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“Prior Work” |
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10 |
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“Projected Cost
Overruns” |
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10 |
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“Reimbursable
Construction Period Costs” |
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10 |
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“Remaining
Proceeds” |
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10 |
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“Scope Change” |
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10 |
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“Target Completion
Date” |
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10 |
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“Termination of
NAI’s Work” |
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10 |
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“Third Party
Contract” |
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11 |
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“Third Party
Contract/Termination Fees” |
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11 |
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“Timing or Budget
Shortfall” |
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11 |
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“Work” |
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11 |
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“Work/Suspension
Event” |
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11 |
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“Work/Suspension
Notice” |
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12 |
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“Work/Suspension
Period” |
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12 |
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2 |
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Construction
and Management of the Property by NAI |
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12 |
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(A) |
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The Construction Project |
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12 |
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(1) |
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Construction Approvals by
BNPPLC |
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12 |
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(a) |
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Preconstruction Approvals
by BNPPLC |
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12 |
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(b) |
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Approval of Scope Changes |
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12 |
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(2) |
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NAI’s Right to
Possession and to Control Construction |
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13 |
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(c) |
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Adequacy of Drawings,
Specifications and Budgets |
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14 |
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(d) |
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Existing Condition of the
Land and Improvements |
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14 |
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(e) |
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Correction of Defective
Work |
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14 |
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(f) |
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Clean Up |
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15 |
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(g) |
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No Damage for Delays |
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15 |
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(h) |
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No Fee For Construction
Management |
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15 |
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