Outline Proposal definition
Examples of Outline Proposal in a sentence
If, having considered the Outline Proposal, the Developer wishes to proceed with the Developer Variation, it shall notify ESCo and confirm (acting reasonably) either that the suggested budget for ESCo to develop the Variation Report is agreed by the Developer or propose an alternative budget (the "Proposed Budget").
The Outline Proposal shall specify an estimate of the price, a provisional timetable and a summary of the method of implementation of the Developer Variation and shall be accompanied by a suggested budget for ESCo to develop the Variation Report.
Talking through the Outline Proposal and the Service Specification should clarify: • Rationale and research to back up need (This evidence can also be used to help with funding applications) • The estimated number of people who have a need for the proposed service • Any criteria that clients should meet in order to take part in the project.
Notwithstanding the foregoing, upon the payment in full of the Obligations hereunder and the termination of the Loan Documents, an election must be made by Lenders entitled thereto either (y) to receive payment of the Deferred Interest or (z) to exercise the Option and obtain the Warrants.
At the exploratory meeting, they will discuss the Outline Proposal and the Service Specification.