Common use of Changes to Project Plan Clause in Contracts

Changes to Project Plan. The Parties mutually intend and agree that (i) the Project Plan defines for various purposes the boundaries of the Project in respect of which the Province has agreed to provide the Funding to each of the Recipients, and (ii) the Recipients should have an adaptive capacity to make modifications to the Project Plan that do not materially affect the Province’s interests under this Agreement. The Parties therefore agree as follows: (a) the Recipients shall notify the Province of all proposed changes to the Project Plan; (b) the Province shall agree to amend the Project Plan in accordance with changes proposed by the Recipients if: (i) the proposed changes are not material to the interests of the Province under this Agreement; or (ii) the proposed changes, although potentially material to the interests of the Province under this Agreement, are such that, in the circumstances and having regard to the intentions of the Parties as expressed in this Agreement and the expressed objectives of the Province’s Carbon Capture and Storage Program as set out in the FPP, it would be unreasonable for the Province not to agree to such changes.

Appears in 2 contracts

Sources: Carbon Capture and Storage Projects Funding Agreement, Funding Agreement

Changes to Project Plan. The Parties mutually intend and agree that (i) the Project Plan defines for various purposes the boundaries of the Project in respect of which the Province has agreed to provide the Funding to each of the RecipientsFunding, and (ii) the Recipients should have an adaptive capacity to make modifications to the Project Plan that do not materially affect the Province’s interests under this Agreement. The Parties therefore agree as follows: (a) the Recipients shall notify the Province of all proposed material changes to the Project Plan; (b) the Province shall agree to amend the Project Plan in accordance with changes proposed by the Recipients if: (i) the proposed changes are not material to the interests of the Province under this Agreement; or (ii) the proposed changes, although potentially material to the interests of the Province under this Agreement, are such that, in the circumstances and having regard to the intentions of the Parties as expressed in this Agreement and the expressed objectives of the Province’s Carbon Capture and Storage Program as set out in the FPPFPP Information Package, it would be unreasonable for the Province not to agree to such changes.

Appears in 1 contract

Sources: Funding Agreement

Changes to Project Plan. The Parties mutually intend and agree that (i) the Project Plan defines for various purposes the boundaries of the Project in respect of which the Province has agreed to provide the Funding to each of the RecipientsFunding, and (ii) the Recipients should have an adaptive capacity to make modifications to the Project Plan that do not materially affect the Province’s interests under this Agreement. The Parties therefore agree as follows: (a) the Recipients Project Operator shall notify the Province of all proposed material changes to the Project Plan; (b) the Province shall agree to amend the Project Plan in accordance with changes proposed by the Recipients Project Operator if: (i) the proposed changes are not material to the interests of the Province under this Agreement; or (ii) the proposed changes, although potentially material to the interests of the Province under this Agreement, are such that, in the circumstances and having regard to the intentions of the Parties as expressed in this Agreement and the expressed objectives of the Province’s Carbon Capture and Storage Program as set out in the FPPFPP Information Package, it would be unreasonable for the Province not to agree to such changes.

Appears in 1 contract

Sources: Funding Agreement