Common use of Changes to Firm Schemes Clause in Contracts

Changes to Firm Schemes. 8.1 The Lead Partner (on behalf of the Relevant Consortium Member) and the Agency may from time to time agree changes to the Firm Scheme Details and where such changes are agreed they shall be implemented by the Lead Partner amending the Firm Scheme Details in IMS and the electronic confirmation of that amendment by the Agency through IMS.11 8.2 Where a Milestone Failure occurs or is in the opinion of the Agency reasonably likely to occur (having regard to the information supplied at the Review Meeting or pursuant to Condition 7.3) and such failure is directly caused by a Milestone Extension Event, the Agency shall subject to Conditions 8.3 and 8.4 extend the relevant Milestone Date and associated Firm Scheme Completion Date by such period as it (acting reasonably) considers appropriate to take account of the delay caused or likely to be caused by the Milestone Extension Event. 8.3 The Agency shall not be obliged to extend a Milestone Date where such extension would (when taken individually or together with other extensions granted) in the Agency’s reasonable opinion materially and adversely affect the delivery of the Programme Offer or (when taken individually or together with other extensions granted under this Agreement or other grant recipients under the AHP) materially and adversely affect the Agency’s projected expenditure profile in relation to any year of the AHP and in particular (but without limitation) such expenditure profile in relation to the last quarter of the relevant Financial Year 8.4 The Agency may not extend a Firm Scheme Completion Date beyond 31 March 2015.‌

Changes to Firm Schemes. 8.1 The Lead Partner (on behalf of the Relevant Consortium Member) and the Agency may from time to time agree changes to the Firm Scheme Details and where such changes are agreed they shall be implemented by the Lead Partner amending the Firm Scheme Details in IMS and the electronic confirmation of that amendment by the Agency through IMS.11IMS. 8.2 Where a Milestone Failure occurs or is in the opinion of the Agency reasonably likely to occur (having regard to the information supplied at the Review Meeting or pursuant to Condition 7.3) and such failure is directly caused by a Milestone Extension Event, the Agency shall subject to Conditions 8.3 and 8.4 extend the relevant Milestone Date and associated Firm Scheme Completion Date by such period as it (acting reasonably) considers appropriate to take account of the delay caused or likely to be caused by the Milestone Extension Event. 8.3 The Agency shall not be obliged to extend a Milestone Date where such extension would (when taken individually or together with other extensions granted) in the Agency’s reasonable opinion materially and adversely affect the delivery of the Programme Offer or (when taken individually or together with other extensions granted under this Agreement or other grant recipients under the AHP) materially and adversely affect the Agency’s projected expenditure profile in relation to any year of the AHP and in particular (but without limitation) such expenditure profile in relation to the last quarter of the relevant Financial Year 8.4 The Agency may not extend a Firm Scheme Completion Date beyond 31 March 2015.‌2015.

Changes to Firm Schemes. 8.1 The Lead Partner (on behalf of the Relevant Consortium Member) and the Agency parties may from time to time agree changes to the Firm Scheme Details and where such changes are agreed they shall be implemented by the Lead Partner Developer amending the Firm Scheme Details in IMS and the electronic confirmation of that amendment by the Agency through IMS.11IMS. 8.2 Where a Milestone Failure occurs or is in the opinion of the Agency reasonably likely to occur (having regard to the information supplied at the Review Meeting or pursuant to Condition 7.37.4) and such failure is directly caused by a Milestone Extension Event, the Agency shall subject to Conditions 8.3 and 8.4 extend the relevant Milestone Date and associated Firm Scheme Completion Date by such period as it (acting reasonably) considers appropriate to take account of the delay caused or likely to be caused by the Milestone Extension Event. 8.3 The Agency shall not be obliged to extend a Milestone Date where such extension would (when taken individually or together with other extensions grantedin relation to the Developer) in the Agency’s reasonable opinion materially and adversely affect the delivery of the Programme Offer or (when taken individually or together with other extensions granted under this Agreement in relation to the Developer or other grant recipients Developers under the AHP) materially and adversely affect the Agency’s projected expenditure profile in relation to any year of the AHP and in particular (but without limitation) such expenditure profile in relation to the last quarter of the relevant Financial Year. 8.4 The Agency may not extend a Firm Scheme Completion Date beyond 31 March 2015.‌2015.