REVISION OF Clause Samples
The 'Revision Of' clause establishes the right or process for making changes to an existing agreement, document, or work. Typically, this clause outlines who may request revisions, the procedures for submitting and approving changes, and any limitations on the scope or frequency of revisions. For example, it may allow a client to request edits to a deliverable within a certain timeframe or specify that only written amendments are valid. Its core practical function is to provide a structured mechanism for updating or correcting terms, ensuring that both parties can address evolving needs or correct errors without ambiguity.
REVISION OF. ARTICLE 3.1
REVISION OF. ARTICLE 10.2
REVISION OF. ARTICLE 3.1 (a) (i) (ii), "HIGH QUALITY JOBS Program Benefit" Article 3.1 (a) (i), "High Quality Jobs," is amended as follows: The Business may claim an investment tax credit as provided in Iowa Code section 15.333. An investment tax credit may be claimed of the qualifying expenditures, not to exceed $10,000,000 as defined below in subparagraph (iv), directly related to new jobs created by the start-up, location, expansion, or modernization of the approved business under the program. The credit is to be taken in the year the qualifying asset is placed in service. Any credit in excess of the tax liability for the tax year may be credited to the tax liability for the following seven years or until depleted, whichever occurs first.
3.1 (a) (ii) Amortization Schedule is amended as follows: Amortization Schedule ------------------------------------------------------------ July 1, 2006 -- June 30, 2007 $2,000,000 July 1, 2007 -- June 30, 2008 $2 000 000 July 1, 2008 -- June 30, 2009 $2,000,000 July 1, 2009 -- June 30, 2010 $2,000,000 July 1, 2010 -- June 30, 2011 $2,000 000 ------------------------------------------------------------
REVISION OF. ARTICLE 8.7