Grantor Variation definition

Grantor Variation has the meaning given to it in Clause 19.1 (Grantor Variations);
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Grantor Variation has the meaning given in Article 35.1.1.
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Grantor Variation shall have the meaning ascribed to it in Clause 27.1 (Grantor Variation);
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Examples of Grantor Variation in a sentence

  • The Developer shall, subject to the provisions of this clause, carry out with all diligence and complete within a reasonable period all work necessary to comply with an Grantor Variation and, as from completion of such work or (if earlier) expiry of such reasonable period, be bound by this Agreement as though that Variation were provided for in the Concession Specification.

  • The implementation of any Variation proposed by the Grantor, other than a Grantor Variation, shall be subject to agreement between the Developer and the Grantor on the price and timing of that Variation.

  • As soon as practicable after the matters referred to in Clause 19.2 are agreed, or have been determined by the Expert pursuant to Clause 19.3, the Grantor's Representative shall either confirm the Grantor Variation (as modified under Clause 19.3, if applicable) or withdraw it.

  • If the Grantor does not confirm the Grantor Variation within thirty days after agreement or determination it shall be deemed to have been withdrawn.

  • In any case where the Developer is required to carry out a Grantor Variation, the Developer shall keep contemporaneous records of the cost of and time expended on making the Grantor Variation.

  • User task 5: Musical instruments On average, the participants spent 9 seconds (SD = 8 seconds) to complete the task.The average time on task was very low because none of the participants entered information about musical instruments and therefore seemed to have not played any musical instruments.

  • The Grantor's Representative may not confirm a Grantor Variation if it is agreed, or determined by the Expert, that the Developer was reasonably entitled to object to the Grantor Variation on one of the grounds specified in Clause 19.2(d).

  • A Grantor Variation that does not require any capital expenditure but will result in an increase of the Developer's operating costs shall be compensated either (at the Grantor’s option) through the Grantor making a lump sum payment equal to the Estimated Operating Cost or through the Grantor making annual payments to the Developer equal to the Estimated Operating Cost for any calendar year.

  • A Grantor Variation that requires any capital expenditure shall give rise to an obligation on the Grantor to make an upfront lump sum payment or to provide to the benefit of the Developer a letter of credit equal to the Estimated Capital Cost, which terms and conditions are satisfactory for the Lenders.

  • As soon as practicable after the Grantor receives the Developer's notice the Parties shall discuss and agree the estimated increase in the Developer's costs as set out in the Schedule of Task, including costs of construction or operation and maintenance costs and/or (if applicable), the loss of revenue, due to the breach, Qualifying Force Majeure Event, Prolonged Force Majeure Event, Grantor Variation, Qualifying Change of Law.


More Definitions of Grantor Variation

Grantor Variation has the meaning given in Article 35.1.1. "Grantor Event of Default" has the meaning given in Article 40.2. "Grantor Notice of Variation" has the meaning given in Article 35.1.1. "Grantor’s Representative" has the meaning given in Article 53.1. "Grantor's Step-In Right" has the meaning given in Article 42.
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Grantor Variation means a Variation proposed by the Grantor pursuant to Clause 21;
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Related to Grantor Variation

  • the Variation Agreement means the agreement of which a copy is set out in the Second Schedule.

  • Minor Variations means any modifications reasonably required: (i) to comply with all applicable Legal Requirements and/or to obtain or to comply with any required permit (including the TI Permit); (ii) to comply with any request by Tenant for modifications to Landlord’s Work; (iii) to comport with good design, engineering, and construction practices that are not material; or (iv) to make reasonable adjustments for field deviations or conditions encountered during the construction of Landlord’s Work.

  • Service Variation has the meaning attributed to it in paragraph 7.1;

  • the First Variation Agreement means the agreement a copy of which is set forth in the Second Schedule;

  • the Second Variation Agreement means the agreement a copy of which is set forth in the Third Schedule;

  • Variation Agreement means the agreement a copy of which is set out in Schedule 2;

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Guarantor Joinder Agreement means a guarantor joinder agreement substantially in the form of Exhibit 7.12 delivered by a Domestic Subsidiary of the Borrower pursuant to Section 7.12.

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • Security Agreement Supplement has the meaning specified in the Security Agreement.

  • Pledge Agreement Supplement means, with respect to each Pledge Agreement, the Pledge Agreement Supplement in the form affixed as an Exhibit to such Pledge Agreement.

  • Reaffirmation Agreement means that certain Reaffirmation Agreement, dated as of the date hereof, between the Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent and the Lenders and the other holders of the Secured Obligations.

  • Security and Pledge Agreement shall have the meaning set forth in Section 4.01(c).

  • Second Lien Security Agreement means the Second Lien Security Agreement, dated as of the date hereof, among the Initial Borrower, the Parent Borrower, certain Subsidiaries of the Parent Borrower from time to time party thereto and the Second Lien Notes Collateral Agent, as amended, restated, waived, restructured, renewed, extended, supplemented or otherwise modified from time to time or as replaced in connection with any Refinancing, extension, refunding or replacement of the Second Lien Notes Indenture.

  • Variation means a change which is instructed by the Engineer/Employer under Sub-Clause 10.1.

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Trademark Security Agreement means each Trademark Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit D.

  • Intellectual Property Security Agreement Supplement has the meaning specified in the Security Agreement.

  • Security Deed means the security deed dated on or about the Series Issue Date of the ETC Securities entered into as a deed by the Issuer, the Trustee and any other parties thereto by the execution of the Issue Deed and in the form of the Master Security Terms (as amended and/or supplemented by the Issue Deed) and as such Security Deed is amended, supplemented, novated or replaced from time to time.

  • Supplemental Agreement means an agreement supplemental to this Agreement, substantially in the form set out in Schedule 1 to this Agreement to be entered into by the Secretary of State and the Company pursuant to which the Company agrees to establish and maintain, and to carry on or provide for the carrying on, and the Secretary of State agrees to fund, an Academy in accordance with the terms and conditions of that Supplemental Agreement and this Agreement;

  • Intercompany Subordination Agreement means a subordination agreement executed and delivered by Borrowers and Agent, the form and substance of which is satisfactory to Agent.

  • Guarantor Joinder means a joinder by a Person as a Guarantor under the Loan Documents in the form of Exhibit 1.1(G)(1).

  • Coefficient of variation or “C” means the ratio of the standard deviation to the mean value of a population of observations. It is estimated using the following equation:

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.