PROJECT CO CHANGES Sample Clauses

PROJECT CO CHANGES. If Project Co wishes to introduce a Project Co Change, it shall serve a notice containing the information required pursuant to paragraph 290 of this Section 5 (Project Co Changes) (a “Project Co Notice of Change”) on the Authority. A Project Co Notice of Change shall: set out the proposed Project Co Change in sufficient detail to enable the Authority to evaluate it in full; specify Project Co’s reasons for proposing Project Co Change; indicate any implications of Project Co Change; indicate what savings, if any, will be generated by Project Co Change, including: whether a reduction of the Annual Service Payment is; or whether such savings will be paid to the Authority in a lump sum, in each case giving details in accordance with paragraph 296 of this Section 5 (Project Co Changes); indicate whether there are any critical dates by which a decision by the Authority is required; and request the Authority to consult with Project Co with a view to deciding whether to agree to Project Co Change and, if so, what consequential changes the Authority requires as a result. The Authority shall evaluate Project Co Notice of Change in good faith, taking into account all relevant issues, including whether: a revision of the Annual Service Payment will occur; the Project Co Change may affect the quality of the Services and/or the Works or the likelihood of successful completion of the Works and/or delivery of the Services (or any of them); the Project Co Change will interfere with the relationship of the Authority with third parties; the financial strength of Project Co is sufficient to perform the Works and/or Services after implementation of Project Co Change; the value and/or life expectancy of any of the Facilities will be reduced; or the Project Co Change materially affects the risks or costs to which the Authority is exposed. As soon as practicable after receiving Project Co Notice of Change, the parties shall meet and discuss the matters referred to in it, including in the case of a Relevant Change in Law those matters referred to in Clause 32.4 of this Agreement. During discussions the Authority may propose modifications to, or accept or reject, Project Co Notice of Change. If the Authority accepts Project Co Notice of Change (with or without modification) the parties shall consult and agree the remaining details as soon as practicable and upon agreement the Authority shall issue a notice confirming Project Co Change which shall set out the agreed Project Co Chang...
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Related to PROJECT CO CHANGES

  • Project Changes 1.8.1. All changes shall be administered per the UGC.

  • Contract Changes Changes may not be made in the terms and conditions of this contract without the agreement and written permission of the Director of Housing.

  • Implementation Schedule TIME IS OF THE ESSENCE with regard to all dates and time periods set forth and/or incorporated herein. Any material modification or deviation from an approved schedule described in this Agreement shall occur only upon approval of the City and RDA, with any such approvals required to be in writing as an amendment to this Agreement, and which approvals shall not be unreasonably withheld. City shall cooperate and act promptly with respect to any and all permits or approvals necessary for completion of the Project. Notwithstanding the above, this Agreement shall not limit the discretion of the City, or any of its duly appointed and authorized governing bodies, boards or entities, in approving or rejecting any aspect of the Project or improvements contemplated on or about the Property.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during each calendar month of the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment B. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • Construction Schedule The progress schedule of construction of the Project as provided by Developer and approved by District.

  • Work Schedule Changes 215. It is agreed that pursuant to the exercise of management rights, normal work schedules may be changed without mutual agreement, subject to compliance with other provisions of this Agreement. However, it is agreed that the effects of consequences of such changes are subject to the meet and confer obligation to the extent required by state law.

  • Project Implementation 2. The Borrower shall:

  • Project Schedule Construction must begin within 30 days of the date set forth in Appendix A, Page 2, for the start of construction, or this Agreement may become null and void, at the sole discretion of the Director. However, the Recipient may apply to the Director in writing for an extension of the date to initiate construction. The Recipient shall specify the reasons for the delay in the start of construction and provide the Director with a new start of construction date. The Director will review such requests for extensions and may extend the start date, providing that the Project can be completed within a reasonable time frame.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

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