Subsequent Revisions Clause Samples

Subsequent Revisions. In the month of April of the year subsequent to the grant of mine opening permission, basis the difference in the i) National Coal Index or National Lignite Index, as applicable, for the month of March of previous financial year and ii) National Coal Index or National Lignite Index, as applicable, at the time when mine opening permission was granted. In all subsequent years, in the month of April, basis the difference in the i) National Coal Index or National Lignite Index, as applicable for the month of March of previous financial year and ii) National Coal Index or National Lignite Index, as applicable for the month of March of previous to previous financial year. It is clarified that the date of grant of mine opening permission to be considered for the purpose of revision of the performance Security shall be the actual date or the date as prescribed in the efficiency parameters, whichever is earlier. (b) In case of any revision in rate of royalty, the amount of Performance Security shall be revised accordingly. Such revision shall take place at the beginning of the financial year which is subsequent to the financial year in which the rate of royalty is revised, as stipulated in Clause 6.1.5; and/or (c) In case of any revision in the peak rated capacity as a result of any revision in the mining plan in accordance with Clause 16, the amount of Performance Security shall be revised accordingly upon approval of revision to the Mining Plan. Such revision shall take place at the beginning of the financial year which is subsequent to the financial year in which the Mining Plan is revised, as stipulated in Clause 6.1.5.

Subsequent Revisions. 5.1 REVISION 1.0 PROMOTER'S AGREEMENT. Each Promoter agrees that the scope of this Agreement is limited to the Specifications and does not cover any Major Revision specifications. 5.2 SEPARATE PROMOTER'S AGREEMENTS FOR MAJOR REVISION SPECIFICATIONS. Should any Promoter(s) herein undertake development of any Major Revision specification, the Promoters each agree that all Promoters herein shall be given the opportunity to participate in such development by entering into a separate corresponding promoter's agreement for such Major Revision specification. The Promoters each agree that such promoter's agreement shall be offered on substantially the same terms and conditions at this Agreement.

Subsequent Revisions. The parties to this Agreement each hereby confirm that they will cooperate with each other to the extent that it may be necessary to enter into any revisions or amendments to this Agreement in the future to conform to any federal or state regulations.

Subsequent Revisions. Manager shall submit proposed revisions to the Business Plan from time to time when necessary because of changes in circumstances relating to the Retail Property. Additionally, on or before March 31 of each year during the Term, Manager shall submit to Owner a revised Business Plan for the following Fiscal Year (“FY”, which shall run from July 1 to June 30), and Owner and Manager shall cooperate so as to approve the revised Business Plan by the first day of June before the start of the Fiscal Year to which it relates. Revisions to a Business Plan or a draft Business Plan for the following year shall be subject to approval in the manner provided in Section 3.1 and after approval the revised plan shall be a Business Plan hereunder.