CONTRACT AMENDMENT PROCESS Clause Samples
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CONTRACT AMENDMENT PROCESS. During the term of the Contract, the Contract may be amended as changes occur within the industry. OGS reserves the right to consider amendments which are not specifically covered by the terms of the Contract but are judged to be in the best interest of the State. OGS, an Authorized User, or the Contractor may suggest amendments. All amendments are subject to approval by the Department of Law and OSC. The Parties reserve the right to amend the Contract to update the listing of Normal and High Demand technologies at a later date to reflect technology changes. Contracts amendments shall be subject to the prior written approval of the Department of Law and OSC.
CONTRACT AMENDMENT PROCESS. During the term of the Contract, this Contract may be amended as changes occur within the industry. OGS reserves the right to consider amendments which are not specifically covered by the terms of the Contract but are judged to be in the best interest of the State. Contract amendments shall take effect upon written notification by OGS.
CONTRACT AMENDMENT PROCESS. The Company shall have the right from time to time to amend any of the Construction Documents to which it is a party to change the scope of the work for any portion of the Facility and/or the Company’s payment obligations thereunder without review or approval from the Trustee or Disbursement Agent. Any such amendment that (i) when taken together with all other amendments to such Construction Documents results in a cost increase in excess of Twenty-Five Thousand Dollars ($25,000) in a Material Construction Document (or, with respect to the Construction Contract only, in excess of Seventy-Five Thousand Dollars ($75,000)), (ii) when taken together with all other amendments to such Contract results in a material reduction of the scope or quality of the work constituting the design or construction of the Facility, or (iii) results in the likely addition of more than one week of construction (or such amendments, in the aggregate, result in the likely addition of more than four weeks of construction), shall be in writing and shall identify with particularity all changes being made. The Company shall (a) deliver to the Trustee (x) an executed copy of the Contract amendment (the effectiveness of which will be subject only to satisfaction of the conditions in this Section 8.2), and (y) a Contract Amendment Certificate in the form attached hereto as Exhibit F-1, fully completed and executed, as applicable, and (b) if entering into such Contract Amendment will result in an amendment to the Construction Disbursement Budget, comply with the requirements of Section 8.1. Neither the Trustee nor the Disbursement Agent shall have any obligation to (1) review any Contract submitted, (2) review the Contract Amendment Certificate or any documents attached thereto, (3) investigate into any facts or matters contained in such Certificate or documents attached thereto, (4) make any determination as to whether the obligation to submit a Contract Amendment Certificate is triggered or (5) determine whether an amendment to the Construction Disbursement Budget is needed as a result of such Contract amendment. The Trustee and Disbursement Agent shall not be responsible for determining whether the Issuers have complied with this Section 8.2 or whether the Contract Amendment Certificate or any documents attached thereto comply with this Section 8.2 or this Agreement generally. Moreover, the Trustee and Disbursement Agent shall not incur any liability for either reviewing or failing to rev...
CONTRACT AMENDMENT PROCESS. The Company shall have the right --------------------------- from time to time to amend any Contract to which it is a party to change the scope of the work and the Company's payment obligations thereunder. Any such amendment that (i) results in a cost increase in excess of Twenty-Five Thousand Dollars ($25,000) in a Contract to which the Company is party, the value of which is at least One Hundred Thousand Dollars ($100,000), (ii) results in a material lessening of the scope or quality of the work constituting the design or construction of the Isle-Black Hawk, the value of which is in excess of Twenty-Five Thousand Dollars ($25,000) in a Contract to which the Company is a party and the value of which is at least One Hundred Thousand Dollars ($100,000), or (iii) results in the likely addition of no less than one week of construction, shall be in writing and shall identify with particularity all changes being made. The Company shall deliver to the Disbursement Agent (a) an executed copy of the Contract amendment (the effectiveness of which will be subject only to satisfaction of the conditions in this Section); and (b) an Officers' Certificate in the form attached hereto as EXHIBIT G, together with --------- the Independent Construction Consultant's certification as provided in EXHIBIT 1 --------- to the Contract Amendment Certificate, and in the event that such Contract relates to Hard Costs, the General Contractor's certification as provided in EXHIBIT 2 to the Contract Amendment Certificate, in each case, completed as to --------- the information required
CONTRACT AMENDMENT PROCESS. 20 9.3 PROJECT COST SCHEDULE AND COST OVERRUNS........................................ 20 10. ESCROW ACCOUNT 21 10.1 DEPOSIT OF PROCEEDS INTO ESCROW ACCOUNT 21 10.2 CONDITIONS PRECEDENT To ESCROW ACCOUNT DISBURSEMENT 21 10.3 DISBURSEMENT IN THE EVENT RIVERBOAT GAMING is DISCONTINUED 21 11. EVENTS OF DEFAULT 21