Payment for Modifications and Replacement Components Sample Clauses
The 'Payment for Modifications and Replacement Components' clause establishes the terms under which a party is compensated for making changes to a product or providing substitute parts. Typically, this clause outlines the process for requesting modifications, the approval required, and how costs for additional work or replacement components are calculated and invoiced. Its core function is to ensure that any alterations or replacements beyond the original agreement are clearly accounted for and paid, thereby preventing disputes over extra charges and clarifying financial responsibilities.
Payment for Modifications and Replacement Components. (i) ---------------------------------------------------- Charterer shall be permitted at any time to finance the cost of any Severable Modification to the Vessel not required by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.
Payment for Modifications and Replacement Components. (a) The Lessee shall be permitted at any time to finance the cost of any Severable Modification to the Production System not required by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.
(b) If the Lessee intends to seek financing for the cost of any Severable Modification to the Production System that is required by any Governmental Rule or Governmental Action to be made or any Nonseverable Modification to the Production System, the Lessee shall first provide the Lessor and the Owner Participant with written notice of such Modification at least 45 days prior to the date of such proposed financing. The cost of the Lessor's Share of such Modification may be financed through the issuance of Additional Notes as provided in Section 14 of the Participation Agreement and subject to the conditions set forth therein.
Payment for Modifications and Replacement Components. (a) EEX shall be permitted at any time to finance the cost of any Severable Modification to the Production System not required by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.
(b) EEX shall be permitted at any time to finance its share of the cost of any Severable Modification to the Production System that is required by any Governmental Rule or Governmental Action to be made or any Nonseverable Modification to the Production System through the issuance of Additional Notes in accordance with Section 2.08 or any alternative means of financing; provided, however, that such alternative financing does not and will not result in any Lien (other than Permitted Liens) on or with respect to the Production System as modified by such Modification.
Payment for Modifications and Replacement Components. (a) The ---------------------------------------------------- Lessee shall be permitted at any time to finance the cost of any Severable Modification to the Facility Assets not required by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.
(b) The Lessee shall have the right to seek financing from the Lessor as provided in Section 14 of the Participation Agreement for the cost of any Modification, whether or not any such Modification is required by any Governmental Rule or Governmental Action to be made to the Facility Assets. If the Lessee intends to seek financing for any such Modification, the Lessee shall first provide the Lessor and the Owner Participant with written notice of such Modification at least forty-five (45) days prior to the date of such proposed financing. If mutually acceptable terms for any such financing shall not have been agreed to between the Owner Participant and the Lessee within forty-five (45) days after the receipt by the Owner Participant of the notice from the Lessee referred to in the second sentence of this Section 11.6(b), the cost of such Modification may, at the Lessee's option, be financed by the Lessor as provided in the third sentence of Section 14 of the Participation Agreement and subject to the conditions set forth therein.
Payment for Modifications and Replacement Components. (a) ---------------------------------------------------- MTFC shall be permitted at any time to finance its share of the cost of any Severable Modification to the Vessel not required by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.
Payment for Modifications and Replacement Components. (a) ---------------------------------------------------- MCFT shall be permitted at any time to finance its share of the cost of any Severable Modification to the Facility Assets not required by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.