A Change Clause Samples
The "A Change" clause defines the process by which modifications to an existing agreement or contract can be made. Typically, this clause outlines the requirements for proposing, approving, and documenting any changes, such as requiring written consent from all parties involved. For example, if one party wishes to alter the scope of work or adjust deadlines, the clause specifies how such requests should be formally submitted and agreed upon. Its core practical function is to ensure that all changes are clearly communicated and mutually accepted, thereby preventing misunderstandings and disputes over unauthorized or informal modifications.
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A Change of Control occurs in relation to the Borrower without the prior written consent of the Lender; provided that it shall not be an Event of Default if such Change of Control occurs in connection with an initial public offering or other public listing of the Borrower.
A Change. Control Note signed by ▇▇▇▇▇ and the Supplier shall constitute an amendment to the relevant Contract(s) and this Agreement (as applicable).
A Change. Order is a written instrument prepared by the Architect and signed by the City, Contractor and Architect, stating their agreement upon all of the following:
1. change in the Work; and
2. the amount of the adjustment, if any, in the Contract Sum; and
3. the extent of the adjustment, if any, in the Contract Time. Pursuant to Section 252.048(d) of the Texas Local Government Code, the Guaranteed Maximum Price (“GMP”) may not be increased by more than twenty- five percent (25%). Written change orders that do not exceed twenty-five percent (25%) of the original contract amount may be made or approved by the City Manager or his delegate if the change order is less than Fifty Thousand Dollars ($50,000.00). Changes in excess of Fifty Thousand Dollars ($50,000.00) must be approved by the City Council prior to commencement of the services or work. For construction contracts funded in whole or in part by Certificates of Obligations, a contract with a GMP of $1 million or more may not be increased by more than twenty-five percent (25%). If a change order for a construction contract funded in whole or in part with certificates of obligation that has a GMP of less than $1 million increases the contract amount to $1 million or more, subsequent change orders may not increase the revised contract amount by more than twenty- five percent (25%). Written change orders may be made or approved by the City Manager or his delegate if the change order is less than Fifty Thousand Dollars ($50,000.00). Changes in excess of Fifty Thousand Dollars ($50,000.00) must be approved by the City Council prior to commencement of the services or work.