Common use of Change in Scope of Services Clause in Contracts

Change in Scope of Services. If during the term of this Agreement, MP Securities’ need for administrative services hereunder is increased or reduced by a significant change in the scope of MP Securities’ business or operations, as a result of dispositions or otherwise, MP Securities may request, and MPIC may provide, an appropriate change in the level of services provided hereunder and such parties shall in good faith redetermine the fee payable for such services for the remainder of the term of this Agreement on the basis of the change in level of such administrative services. ​

Appears in 3 contracts

Samples: Administrative Services Agreement (Ministry Partners Investment Company, LLC), Administrative Services Agreement (Ministry Partners Investment Company, LLC), Administrative Services Agreement (Ministry Partners Investment Company, LLC)

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Change in Scope of Services. If during the term of this Agreement, MP Securities’ need for administrative services hereunder is increased or reduced by a significant change in the scope of MP Securities’ business or operations, as a result of dispositions or otherwise, MP Securities may request, and MPIC 3 may provide, an appropriate change in the level of services provided hereunder and such parties shall in good faith redetermine the fee payable for such services for the remainder of the term of this Agreement on the basis of the change in level of such administrative services. 

Appears in 1 contract

Samples: Administrative Services Agreement (Ministry Partners Investment Company, LLC)

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Change in Scope of Services. If during the term of this Agreement, MP Securities’ need for administrative services hereunder is increased or reduced by a significant change in the scope of MP Securities’ business or operations, as a result of dispositions or otherwise, MP Securities may request, and MPIC may provide, an appropriate change in the level of services provided hereunder and such parties shall in good faith redetermine the fee payable for such services for the remainder of the term of this Agreement on the basis of the change in level of such administrative services. ​

Appears in 1 contract

Samples: Administrative Services Agreement (Ministry Partners Investment Company, LLC)

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