Mandatory Variation definition

Mandatory Variation means any Variation necessitated by:
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Mandatory Variation means a Variation which is required to this Agreement in order to implement changes falling into the following categories:
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Mandatory Variation means a variation which is required to this Agreement in order to implement changes falling into the following categories: (a) a regulatory or other change mandated by the Department for Transport, the Rail Regulator, a taxation or other governmental agency; (b) any change which is to be implemented on a non-discriminatory industry-wide basis; or (c) any change required to bring the Clearance and Settlement provisions of this Agreement in line with the latest version of this Agreement being issued to a subsequent the Agent.
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Examples of Mandatory Variation in a sentence

  • However, the parties shall, to the extent reasonably possible, seek to agree the most cost effective way and time of implementing such Mandatory Variation.

  • However the parties shall, to the extent reasonably possible, seek to agree the most cost effective way and time of implementing such Mandatory Variation.


More Definitions of Mandatory Variation

Mandatory Variation means any Material Variation or Minor Variation which is required to be made pursuant to any Change in Law, including any change in Group Standards; Master Definitions Agreement means the agreement entered into between (1) the Secretary of State (2) the Owner (3) the Depot SPC and (4) the Operator dated the same date hereof; Material Defect has the meaning given to it in clause 12.6(b)(i);
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Mandatory Variation means any Variation in the scope of the Services which the Commissioner Participants are required to implement by reason of a change in Legislation or applicable health or social care guidance, direction, standard or requirement to which the Commissioner Participants have a duty to have regard;
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Mandatory Variation means any change or variation to the Services necessitated by:
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Mandatory Variation means a Variation which is required in order to implement changes falling into the following Categories:
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Mandatory Variation means any Variation in the scope of the Services which the Commissioner Partners are required to implement by reason of a change in Legislation or applicable health or social care guidance, direction, standard or requirement to which the Commissioner Partners have a duty to have regard;
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Mandatory Variation means a variation which is required to this Agreement in order to implement changes falling into the following categories: (a) a regulatory or other change mandated by the Department for Transport, the Rail Regulator, a taxation or other governmental agency; (b) any change which is to be implemented on a non-discriminatory industry-wide basis; or (c) any change required to bring the Clearance and Settlement provisions of this Agreement in line with the latest version of this Agreement being issued to a subsequent the Agent. G25.2 If ATOC and/or RSP introduce any Mandatory Variations, the Agent shall accept such changes and the Agent shall not be entitled to any payment or compensation in respect of such Mandatory Variations. However, the parties shall, to the extent reasonably possible, seek to agree the most cost effective way and time of implementing such Mandatory Variation.
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Related to Mandatory Variation

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

  • Variation Procedure means the procedure for carrying out a Variation as set out in Clause 19.1 (Variation Procedure);

  • Variation Form means the form that will be completed and signed by the Parties to effect a Variation which shall be in the form set out in Framework Schedule 19 (Variation Form);

  • Variation Notice means a written notice signed by a Shareholder (or each Shareholder in the case of a joint shareholding) under clause 8.1 in the form prescribed or approved by the Board from time to time, which may (without limitation) be combined with, or form part of, any other form or notice including an Election Form).

  • Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.