Modification Process Sample Clauses
The Modification Process clause outlines the procedures and requirements for making changes to the terms of an agreement after it has been executed. Typically, this clause specifies that any amendments must be made in writing and agreed upon by all parties involved, ensuring that informal or unilateral changes are not valid. By establishing a clear process for modifications, this clause helps prevent misunderstandings and disputes over contract terms, ensuring that all parties are aware of and consent to any alterations.
Modification Process. (a) If HHSC seeks modifications to the Contract, HHSC’s notice to MCO will specify those modifications to the Scope of Work, the Contract pricing terms, or other Contract terms and conditions.
(b) MCO must respond to HHSC’s proposed modification within the timeframe specified by HHSC, generally within ten (10) Business Days of receipt. Upon receipt of MCO’s response to the proposed modifications, HHSC may enter into negotiations with MCO to arrive at mutually agreeable Contract amendments. In the event that HHSC determines that the Parties will be unable to reach agreement on mutually satisfactory contract modifications, then HHSC will provide written notice to MCO of its intent terminate the Contract, or not to extend the Contract beyond the current Contract Term.
Modification Process. If HCA seeks modification to the Agreement, it shall provide notice to the CONTRACTOR that specifies those modifications, which may include the rates, or other terms and conditions. The CONTRACTOR must respond to HCA’s notice of proposed modification within ten (10) Business Days of receipt unless otherwise provided by HCA if the CONTRACTOR fails to respond, HCA will consider the proposed modification(s) acceptable to the CONTRACTOR and shall implement the proposed modification(s) as soon as practicable. Upon receipt of the CONTRACTOR’s response to the proposed modifications, HCA may enter into negotiations with the CONTRACTOR to arrive at mutually agreeable amendments. In the event that HCA determines that the Parties will be unable to reach agreement on mutually satisfactory modifications, HCA will provide written notice to the CONTRACTOR of its intent to terminate this Agreement or not to extend the Agreement beyond the current term.
Modification Process. If HHSC seeks modifications to the Contract, HHSC’s notice to MCO will specify those modifications to the Scope of Work, the Contract pricing terms, or other Contract terms and conditions.
Modification Process. This IFA may be amended or modified with review and consent of all Parties. Amendments and modifications must be issued in writing to all Parties and sent certified U. S. Mail. All Parties must be given a minimum of 30 days to comment prior to the inclusion of any amendment or modification. Oral amendments or modifications shall have no effect.
Modification Process. The lender shall undertake a review of its mortgage loan portfolio to identify Qualifying Loans. For each Qualifying Loan, the lender shall determine the net present value of the modified loan and, if it will exceed the net present value of the foreclosed collateral upon disposition, then the Qualifying Loan shall be modified so as to reduce the borrower’s monthly DTI Ratio to no more than 31% at the time of the modification. To achieve this, the lender shall use a combination of interest rate reduction, term extension and principal forbearance, as necessary. The borrower’s monthly DTI Ratio shall be a percentage calculated by dividing the borrower’s monthly income by the borrower’s monthly housing payment (including principal, interest, taxes and insurance). For these purposes, (1) the borrower’s monthly income shall be the amount of the borrower’s (along with any co-borrowers’) documented and verified gross monthly income, and (2) the borrower’s monthly housing payment shall be the amount required to pay monthly principal and interest plus one-twelfth of the then current annual amount required to pay real property taxes and homeowner’s insurance with respect to the collateral. In order to calculate the monthly principal payment, the lender shall capitalize to the outstanding principal balance of the Qualifying Loan the amount of all delinquent interest, delinquent taxes, past due insurance premiums, third party fees and (without duplication) escrow advances (such amount, the “Capitalized Balance”).
Modification Process. This MOU may be amended upon mutual agreement of the partners that is consistent with federal, state, or local laws, regulations, rules, plans or policies or for one or more of the following reasons:
Modification Process. This Memorandum of Understanding, together with the exhibits identified above, constitutes the entire agreement between MoHealthWINs Consortium Community or Technical College and Regional WIB and supersedes all prior written or oral understandings. This agreement and said exhibits may only be amended, supplemented, or modified by a duly executed written instrument. Both parties to this agreement will comply with all applicable requirements of Federal, State, and Local laws, executive orders, regulations and policies governing this program.
Modification Process. Any notice or amendment under this Agreement shall be in writing by a duly authorized representative of Company or Drake. The notice must be delivered in person or by public or private courier service (including U.S. Postal service Express Mail or certified mail with return receipt requested or by facsimile. All notices shall be addressed to the parties at the addresses noted on the signature page of this Agreement.
Modification Process. This Agreement may be modified at any time by written agreement of the parties. Assignment of responsibilities under this agreement by any of the parties shall be effective upon written approval from the other parties. Any assignee shall also commit in writing to the terms of this Agreement. PA CareerLink Partner(s) may request in writing an amendment to the One Stop Partner Agreement through the Pocono Counties WIB. The WIB may amend the Agreement whenever the Board determines it is appropriate or necessary. Modifications to this Agreement, to be valid, must be in writing, signed and dated by the WIB and partner(s) requesting the modification, and attached to the original Agreement. Modifications to the Resource Sharing Agreement will require the signatures of all PA CareerLink Partner(s), unless the circumstances fall within the parameters outlined below.
(a) Reduced costs to Partners due to reduced shared expenses A Resource Sharing Agreement modification reducing Partner cost requires only the authorized signatures of the WIB Chair/Contact, the WIA Fiscal Agent, and the PA CareerLink Operator Consortium Contact. The Workforce Investment Board staff contact shall submit the modified, signed document to the Bureau of Workforce Development Partnership PA CareerLink Oversight Coordinator.
(b) Reduced Costs resulting from the addition of Partners to the Site A Resource Sharing Agreement modification reducing costs requires only Authorized signatures of the new PA CareerLink Partner(s), the WIB Chair/Contact, the WIA Fiscal Agent and the PA CareerLink Operator Consortium Contact. The Workforce Investment Board Staff Contact will submit the modified, signed document to the Bureau of Workforce Development Partnership PA CareerLink Oversight Coordinator .
(c) If the Resource Sharing Agreement (RSA) distribution changes due to a contributing partner leaving the membership, the new partner configuration agrees to bear the changed distribution of costs as long as the total identified in the RSA is not exceeded. This clause does not mean that a modification is not necessary, but allows partners to pay their fair share for a limited time until the modification process is completed. If any of the Agreement is held invalid, the remainder of the Agreement shall not be affected.
Modification Process. The parties contemplate a definition process leading to agreement on defined functionality, a schedule and a budget for modifications to Investar and Investar*ONE. This process has been partially completed for Day One Class A Deliverables, Day One Class B Deliverables, Day One Deferred Deliverables and Day Two Deliverables. This definition process encompasses the steps outlined below, which may be waived by mutual agreement.