Covered change Sample Clauses
A "Covered Change" clause defines which modifications, alterations, or adjustments to a contract, project, or scope of work are recognized and governed by the agreement. Typically, this clause outlines the types of changes that require formal documentation or approval, such as changes in project specifications, timelines, or costs, and may specify the process for submitting and approving such changes. By clearly identifying what constitutes a covered change, the clause helps prevent disputes over unauthorized or informal modifications and ensures that all parties are aware of and agree to significant adjustments, thereby maintaining control and clarity over the contractual relationship.
Covered change. The State or Territory has made a covered change that, either based on a reasonable statistical methodology to isolate the impact of the covered change in actual revenue or based on projections that use reasonable assumptions and do not incorporate the effects of macroeconomic growth to reduce or increase the projected impact of the covered change, the State or Territory assesses has had or predicts to have the effect of reducing tax revenue relative to current law;
Covered change. The State or Ter- ritory has made a covered change that, either based on a reasonable statistical methodology to isolate the impact of the covered change in actual revenue or based on projections that use rea- sonable assumptions and do not incor- porate the effects of macroeconomic growth to reduce or increase the pro- jected impact of the covered change, the State or Territory assesses has had or predicts to have the effect of reduc- ing tax revenue relative to current law;