Project Modification definition

Project Modification means any construction or modification of the Project that alters, impairs, expands, or limits the Project’s ability to (a) produce Capacity Attributes, or (b) operate in a manner consistent with the Safety Requirements. Project Modification excludes any routine maintenance performed in the ordinary course of business.
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Project Modification means the iterations and evolution of the following from time to time for the Project or any applicable Phase as determined by Owner, a Vertical Owner or other Person succeeding to all or a portion of Owner’s development interests in the Project (or any Phase thereof) in its sole and absolute discretion (that do not rise to the level of a Material Modification or a Zoning Modification and therefore do not require the consent or approval of ACC) whether to account for design inputs, strategic decisions, phasing, market factors, delays or otherwise: (i) the Project Construction Schedule, (ii) the design concept, configuration of, and Plans, (iii) the quality or the extent of the improvements, (iv) the Project Budget, (v) general design concept or general configuration, (vi) increases or reductions in the quality or character of the improvements, (iv) modifications, changes or alterations in the primary uses, and/or (v) the nature of uses built, mix of uses, grid layout, density allocation to uses, phasing, timeline and density, but all still subject to obtaining, and complying with, all Project Approvals and Applicable Law. Modifications to the Master Site Plan included as Schedule L-1 attached hereto are deemed to be Material Modifications.
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Project Modification means (i) any aggregate change in the TAD Project Budget in excess of fifteen percent (15%).
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Examples of Project Modification in a sentence

  • A Project Modification will not alter nor relieve any of Seller’s obligations under this Agreement.

  • Within sixty (60) days of completion of a Project Modification, Seller shall certify that the Project is commercially operable by providing Buyer a signed Project Modification Certification, as found at Appendix VI-B.

  • Request for Project Modification, defining each modified part of the original AF affected by the change;2.

  • In the event Buyer provides Notice to Seller that the Project Modification Certification for the Project Modification is not acceptable to Buyer, then Buyer will identify the inconsistencies in such Notice and such Notice shall constitute the occurrence of a Remediation Event for purposes of Section 11.4.

  • During the Term, in the event that Seller, an Affiliate or Contractor performs a Project Modification pursuant to Section 3.3, Seller shall certify, within sixty (60) days of completion of such Project Modification, that the Project is commercially operable by providing Buyer a signed Project Modification Certification, as found at Appendix VI‑B for Buyer’s review.

  • This rule is not applicable to reallocations among deliverables, WPs or BLs, which fall under the category of Project Modification approved by the MA.

  • Overall, according to the JS Internal Guidelines, the JS evaluates the submitted Request for Project Modification and puts forward for decision to the Managing Authority of the BalkanMed Programme.

  • The Managing Authority examines the Request for Project Modification as forwarded by the Joint Secretariat and, with the support of the JS, evaluates if the modification needs also the MC’s approval.

  • A project extension is approved once an amendment is executed by both parties, or a confirmation letter of approval from the Air District is received.• Project Modification RequestProject modifications requested by a Project Sponsor can generally be approved or denied at the discretion of the County Program Manager.

  • The County will not pay for any additional service, work performed or product provided before a properly executed County Project Modification.


More Definitions of Project Modification

Project Modification means any alteration, addition, or modification to the Project that alters, impairs, expands, or limits the Project’s ability to (a) produce Product, or (b) operate in a manner consistent with the Safety Requirements. Project Modification excludes any routine maintenance performed in the ordinary course of business.
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Project Modification means any construction or modification of the Project that alters, impairs, or limits the Project’s ability to (a) provide Distribution Services, or (b) operate in a manner consistent with the Safety Requirements. Project Modification excludes any routine maintenance performed in the ordinary course of business.
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Project Modification has the meaning set forth in Article 9.
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Project Modification means the iterations and evolution of the following from time to time for the Project or any applicable Phase as determined by Owner, a Vertical Developer or other Person succeeding to all or a portion of Owner's development interests in the Project (or any Phase thereof) in its sole and absolute discretion (that do not rise to the level of a Material Modification and therefore do not require the consent or approval of the City or the DDA) whether to account for design inputs, strategic decisions, phasing, market factors, delays or otherwise: (i) the Project Construction Schedule, (ii) the design concept, configuration of, and Plans, (iii) the quality or the extent of the improvements, (iv) the Project Budget, (v) general design concept or general configuration, (vi) increases or reductions in the quality or character of the improvements, (iv) modifications, changes or alterations in the primary uses, and/or (v) the nature of uses built, mix of uses, grid layout, density allocation to uses, phasing, timeline and density, but all still subject to obtaining, and complying with, all Project Approvals and Applicable Law. Modifications to the conceptual rendering of the Project included as attached hereto are deemed to be Project Modifications.
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Project Modification means the iterations and evolution of the following from time to time for the Project or any applicable Phase as determined by Owner, a Vertical Developer or other Person succeeding to all or a portion of Owner'’s development interests in the Project (or any Phase thereof) in its sole and absolute discretion (that do not rise to the level of a Material Modification and therefore do not require the consent or approval of the City or the DDA) whether to account for design inputs, strategic decisions, phasing, market factors, delays or otherwise: (i) the Project Construction Schedule,
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Related to Project Modification

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

  • Substantial modification means modification of a relevant source that results in a significant increase in emissions, excluding any change in emissions resulting from by-product recovery. It shall be a matter for the Party to decide whether a modification is substantial or not;

  • Major modification means any physical change in or change in the method of operation of a major stationary source that would result in a significant emissions increase of a regulated NSR pollutant and a significant net emissions increase of that pollutant from the major stationary source.

  • Minor modification means a modification that does not significantly alter the nongovernmental function or purpose of the software or is of the type customarily provided in the commercial marketplace.

  • Significant Modification As defined in Section 3.25.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Basic Terms Modification means any proposal:

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • Required Modification is defined in Section 10.1(a) of the Lease.

  • Permitted Modification shall have the meaning ascribed thereto in Section 4.02.

  • Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

  • Construction Agreement means the proposed building agreement between the Company and a proposed builder substantially in the form of the draft agreement a copy of which has been signed on behalf of the Authority and the Company for the purposes of identification;

  • Project Implementation Manual or “PIM” means the manual setting out the measures required for the implementation of the Project, as the same may be amended from time to time, subject to prior approval of the Association;

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Index Modification means in respect of an Index, the Index Sponsor announces that it shall make a material change in the formula for or the method of calculating that Index or in any other way materially modifies that Index (other than a modification prescribed in that formula or method to maintain that Index in the event of changes in constituent stock and capitalisation and other routine events).

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Excess Modification Fees With respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), the sum of (A) the excess of (i) any and all Modification Fees with respect to any modification, waiver, extension or amendment of any of the terms of a Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), over (ii) all unpaid or unreimbursed Advances and Additional Trust Fund Expenses (including, without limitation, interest on unreimbursed Advances to the extent not otherwise paid or reimbursed by the related Mortgagor (including indirect reimbursement from Penalty Charges or otherwise), but excluding (1) Special Servicing Fees, Workout Fees and Liquidation Fees and (2) Borrower Delayed Reimbursements) outstanding or previously incurred hereunder with respect to the related Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) and reimbursed from such Modification Fees (which such Advances and Additional Trust Fund Expenses shall be reimbursed from such Modification Fees), and (B) Advances and Additional Trust Fund Expenses previously paid or reimbursed from Modification Fees as described in the preceding clause (A), which Advances and Additional Trust Fund Expenses have been recovered from the related Mortgagor as Penalty Charges, specific reimbursements or otherwise. All Excess Modification Fees earned by the Special Servicer shall offset any future Workout Fees or Liquidation Fees payable with respect to the related Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) or REO Property; provided that if the Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceases being a Corrected Loan, and is subject to a subsequent modification, any Excess Modification Fees earned by the Special Servicer prior to such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceasing to be a Corrected Loan shall no longer be offset against future Liquidation Fees and Workout Fees unless such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceased to be a Corrected Loan within 18 months of it becoming a modified Serviced Mortgage Loan (or modified Serviced Loan Combination, if applicable). If such Mortgage Loan (or Serviced Loan Combination) ceases to be a Corrected Loan, the Special Servicer shall be entitled to a Liquidation Fee or Workout Fee (to the extent not previously offset) with respect to the new modification, waiver, extension or amendment or future liquidation of the Specially Serviced Loan or related REO Property (including in connection with a repurchase, sale, refinance, discounted or full payoff or other liquidation); provided that any Excess Modification Fees earned and paid to the Special Servicer in connection with such subsequent modification, waiver, extension or amendment (or, as contemplated by the preceding proviso, a prior modification, waiver, extension or amendment) shall be applied to offset such Liquidation Fee or Workout Fee to the extent described above. Within any prior 12-month period, all Excess Modification Fees earned by the Master Servicer or the Special Servicer (after taking into account any offset described above applied during such 12-month period) with respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) shall be subject to a cap equal to the greater of (i) 1% of the outstanding principal balance of such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) after giving effect to such transaction, and (ii) $25,000.

  • Permitted Modifications As defined in Section 2.02(a) of the Servicing Agreement.

  • Project Implementation means all steps which the Grantee undertakes in order to deliver the Project which is being supported by funding provided under this Grant Contract. Any reference to UK primary legislation (Acts) or secondary legislation (Statutory Instruments) in this Grant Contract includes reference to any changes to or replacement of those Acts or Statutory Instruments.

  • Cross-Series Modification means a modification involving (i) the Bonds or any agreement governing the issuance or administration of the Bonds, and (ii) the debt securities of one or more other series or any agreement governing the issuance or administration of such other debt securities.

  • Subproject Agreement means any of the agreements referred to in Section 3.07 of this Agreement; and

  • Modification are defined in Section 2.19.1.

  • Change Order means a written order to the Contractor signed by the Contracting Officer, issued after execu- tion of the Contract, authorizing a change in the term or scope of the Contract.

  • Investment Strategy Modification means with respect to an Investment Strategy, the Portfolio Administrator makes operational adjustments to the Investment Strategy to ensure that, so far as possible, the basic principles and economic effect of the Investment Strategy are maintained or any material modification to the Investment Strategy or its implementation by the Portfolio Administrator.

  • Construction Services Agreement (CSA) means the Construction Services Agreement, together with any duly authorized and executed amendments hereto.