Common use of Formal Amendment Clause in Contracts

Formal Amendment. Any change in the GRANT AGREEMENT that is not addressed by a letter amendment shall be accomplished by a formal amendment. A formal amendment is not binding unless and until it is fully executed. Therefore, any costs incurred by the GRANTEE prior to the full execution of the amendment are incurred at the GRANTEE’S risk.

Appears in 3 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement

Formal Amendment. Any change in the GRANT AGREEMENT that is not addressed by a letter amendment shall be accomplished by a formal amendment. A formal amendment is not binding unless and until it is fully executed. Therefore, any costs incurred by the GRANTEE prior to the full execution of the amendment are incurred at the GRANTEE’S 'S risk.

Appears in 1 contract

Sources: Grant Agreement