Additions and Deductions Sample Clauses

The "Additions and Deductions" clause defines how changes to the contract price are managed when the scope of work is modified. It outlines the procedures for adjusting the contract sum if extra work is required (additions) or if certain tasks are omitted (deductions), often specifying how these adjustments are calculated and approved. For example, if the client requests additional features or removes certain deliverables, this clause governs how the financial impact is determined and agreed upon. Its core function is to ensure that both parties have a clear, fair process for handling changes in project scope, thereby minimizing disputes over payment and scope adjustments.
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Additions and Deductions. The Supervising Officer shall have the power to amend any monthly statement submitted by the Service Provider under clause 11 of this Contract in respect of the variation, by addition or deduction, of the value of any additional work or omission which has been duly authorised.
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Additions and Deductions. Rossendale Borough Council reserves the right to vary the quantity of work to be carried out under the contract should circumstance arise which make such variations necessary.
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Additions and Deductions. The Supervising Officer shall have power to amend the amount due on any monthly invoice submitted by the Supplier in respect of:
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Related to Additions and Deductions

  • ADDITIONS AND DELETIONS The author of this document has added information needed for its completion. The author may also have revised the text of the original AIA standard form. An Additions and Deletions Report that notes added information as well as revisions to the standard form text is available from the author and should be reviewed. A vertical line in the left margin of this document indicates where the author has added necessary information and where the author has added to or deleted from the original AIA text. This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification.

  • Calculations and Determinations The Calculation Agent shall in respect of each Series of Notes in relation to which it is appointed as such:

  • Opinions and Determinations Where the terms of this Contract provide for action to be based upon opinion, judgment, approval, review, or determination of either party hereto, such terms are not intended to be and shall never be construed as permitting such opinion, judgment, approval, review, or determination to be arbitrary, capricious, or unreasonable.

  • Decisions and Determinations Any determination, decision or election that may be made by the Issuer pursuant to this Section 3.19(c) (or pursuant to any capitalized term used in this Section 3.19(c) or in any such capitalized term), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, may be made in the Issuer's sole discretion, and, notwithstanding anything to the contrary in the Transaction Documents, will become effective without consent from any other party. None of the Issuer, the Owner Trustee, the Indenture Trustee, the Calculation Agent, the Administrator, the Sponsor, the Depositor or the Servicer will have any liability for any determination made by or on behalf of the Issuer pursuant to this Section 3.19(c) (or pursuant to any capitalized term used in this Section 3.19(c) or in any such capitalized term), and each Noteholder and Note Owner, by its acceptance of a Note or a beneficial interest in a Note, will be deemed to waive and release any and all claims against the Issuer, the Owner Trustee, the Indenture Trustee, the Calculation Agent, the Administrator, the Sponsor, the Depositor and the Servicer relating to any such determinations.

  • Definitions and Accounting Matters Section 1.01 Terms Defined Above 1 Section 1.02 Certain Defined Terms 1 Section 1.03 Types of Loans and Borrowings 20 Section 1.04 Terms Generally; Rules of Construction 20 Section 1.05 Accounting Terms and Determinations; GAAP 21