Common use of Changes to Policies and Procedures Clause in Contracts

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.apply.‌

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s 's opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “"Revisions”") in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s 's notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s 's Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may the Accredited Entity shall give notice (within a reasonable period from receipt of the Fund’s notice) and explanation to the Fund of its unwillingness or inability to comply with the Revisions, and both Parties shall engage in which case consultations with a view to arriving at a mutually agreeable solution. In the event such a mutually agreeable solution is not reached within one hundred and eighty (180) days following the Accredited Entity’s notice to the Fund of its unwillingness or inability to comply, the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may the Accredited Entity shall give notice and explanation to the Fund (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, and both Parties shall engage in which case consultations with a view to arrive at a mutually agreeable solution. In the event such mutually agreeable solution is not reached within one hundred and eighty (180) days following the Accredited Entity’s notice to the Fund of its inability to comply, the Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may the Accredited Entity shall give notice (within a reasonable period from receipt of the Fund’s notice) and explanation to the Fund of its unwillingness or inability to comply with the Revisions, and both Parties shall engage in which case consultations with a view to arrive at a mutually agreeable solution. In the event such a mutually agreeable solution is not reached within one hundred and eighty (180) days following the Accredited Entity’s notice to the Fund of its unwillingness or inability to comply, the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its ofits rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s 's opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or GCF/DOE ATG/Execution Version - --- �-·----- appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) "Revisions'1 in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s 's notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s 's Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policiespo licies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opiniontheFund'sopinion, applies to the Accredited Entity, then the Fund shall so notify no tify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies po licies and procedures continue to enable the Accredited Entity to comply with the rules, policies po licies and procedures of the Fund as revised or adopted (the “"Revisions”") in relation to any new Funding Proposal or Proposalor proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s 's notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s En tity's Accreditation will be deemed to have lapsed and Clause 22.01 shall applyapp ly.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then then‌ the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Parties shall engage in consultations with a view of arriving at a mutually acceptable solution with regards to the Revisions. In the event that the Parties are unable to reach such a mutually acceptable solution within one hundred and eighty (180) days following the Accredited Entity’s aforementioned notice (“Consultation Period”), the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply. For the avoidance of doubt, during the Consultation Period, the Fund will not approve any new Funding Proposal submitted by the Accredited Entity.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may the Accredited Entity shall give notice (within a reasonable period from receipt of the Fund’s notice) and explanation to the Fund of its unwillingness or inability to comply with the Revisions, and both Parties shall engage in which case consultations with a view to arrive at a mutually agreeable solution. In the event such a mutually agreeable solution is not reached within one hundred and eighty‌ (180) days following the Accredited Entity’s notice to the Fund of its unwillingness or inability to comply the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Parties shall engage in consultations with a view of arriving at a mutually acceptable solution with regards to the Revisions. In the event that the Parties are unable to reach such a mutually acceptable solution within one hundred and eighty (180) days following the Accredited Entity’s aforementioned notice (“Consultation Period”), the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply. For the avoidance of doubt, during the Consultation Period, the Fund will not approve any new Funding Proposal submitted by the Accredited Entity.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s 's opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “"Revisions”") in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s 's notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s 's Accreditation will be deemed to have lapsed and Clause 22.01 21.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies or may apply to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited EntityEntity in writing. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Parties will consult with each other with the aim of resolving such matter within a reasonable period (which will be not less than one hundred and twenty (120) days) before the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply comply, directly or indirectly, with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may the Accredited Entity shall give notice (within a reasonable period from receipt of the Fund’s notice) and explanation to the Fund of its unwillingness or inability to comply with the Revisions, and both Parties shall engage in which case consultations with a view to arrive at a mutually agreeable solution. In the event such a mutually agreeable solution is not reached within one hundred and eighty‌ (180) days following the Accredited Entity’s notice to the Fund of its unwillingness or inability to comply, the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s 's opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the ofthe Fund as revised or adopted (the “"Revisions”") in relation to any new Funding Proposal FundingProposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s 's notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s 's Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may give notice (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, in which case the Accredited Entity’s Accreditation will be deemed to have lapsed and Clause 22.01 shall apply.

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may the Accredited Entity shall give notice and explanation to the Fund (within a reasonable period from receipt of the Fund’s notice) to the Fund of its unwillingness or inability to comply with the Revisions, and both Parties shall engage in which case consultations with a view to arrive at a mutually agreeable solution. In the Accredited Entity’s Accreditation will be deemed to have lapsed event such mutually agreeable solution is not reached within one hundred and Clause 22.01 shall apply.eighty

Changes to Policies and Procedures. If during the term of this Agreement the Fund intends to revise any of its rules, policies, or procedures (including without limitation the Standards) and such change is material, or intends to adopt new rules, policies, or procedures by a Decision that, in the Fund’s opinion, applies to the Accredited Entity, then the Fund shall so notify the Accredited Entity and allow the Accredited Entity to provide its comments to the intended revision or adoption. The Fund may take any comments received from the Accredited Entity into account when finalising the proposed revision or adoption. Upon revision or adoption, the Fund shall notify the Accredited Entity. The receipt of such notice shall require the Accredited Entity to take any necessary or appropriate action to ensure that, from a date that is one hundred and eighty (180) days following such notice, its own rules, policies and procedures continue to enable the Accredited Entity to comply with the rules, policies and procedures of the Fund as revised or adopted (the “Revisions”) in relation to any new Funding Proposal or proposed Funded Activity, as well as, to the extent reasonably possible any ongoing Funded Activity. Where the Accredited Entity is unwilling or unable to comply with the Revisions in respect of new Funding Proposals or proposed Funded Activities, it may the Accredited Entity shall give notice (within a reasonable period from receipt of the Fund’s notice) and explanation to the Fund of its unwillingness or inability to comply with the Revisions, and both Parties shall engage in which case consultations with a view to arrive at a mutually agreeable solution. In the Accredited Entity’s Accreditation will be deemed to have lapsed event such a mutually agreeable solution is not reached within one hundred and Clause 22.01 shall apply.eighty