Automatic change procedures Clause Samples
The "Automatic change procedures" clause establishes a predefined process for implementing changes to an agreement or project without requiring renegotiation or manual approval for each modification. Typically, this clause outlines specific conditions or triggers—such as regulatory updates, technical advancements, or minor scope adjustments—under which changes are automatically incorporated. By doing so, it streamlines the management of routine or anticipated modifications, reducing administrative delays and ensuring the agreement remains current and effective without constant intervention.
Automatic change procedures. A taxpayer changing its method of ac- counting in accordance with this para- graph (e) must follow the automatic change in accounting method provi- sions of Rev. Proc. 98–60 (see § 601.601(d)(2) of this chapter) except, for purposes of this paragraph (e), the scope limitations in section 4.02 of Rev. Proc. 98–60 are not applicable. A meth- od change in accordance with para- graph (e)(1) of this section is made on a cut-off basis so no adjustment under section 481(a) is required.
Automatic change procedures. A taxpayer changing its method of ac- counting in accordance with this para-
Automatic change procedures. A taxpayer changing its method of ac- counting in accordance with this para- graph (e) must follow the automatic change in accounting method provi- sions of Rev. Proc. 98–60 (see § 601.601(d)(2) of this chapter) except, for purposes of this paragraph (e), the scope limitations in section 4.02 of Rev. Proc. 98–60 are not applicable. A meth- od change in accordance with para- graph (e)(1) of this section is made on a cut-off basis so no adjustment under section 481(a) is required. [T.D. 8820, 64 FR 26875, May 18, 1999]
§ 1. 468A–0 Nuclear decommissioning costs; table of contents.
§ 1. 468A–1 Nuclear decommissioning costs; general rules.
(a) Introduction.
Automatic change procedures. A taxpayer changing its method of accounting in accordance with this paragraph (e) must follow the automatic change in accounting method provisions of Rev. Proc. 98–60 (see § 601.601(d)(2) of this chapter) except, for purposes of this paragraph (e), the scope limitations in section 4.02 of Rev. Proc. 98–60 are not applicable. A method change in accordance with paragraph (e)(1) of this section is made on a cut-off basis so no adjustment under section 481(a) is required.