Approval of amendments to Operating Plan Clause Samples

The "Approval of amendments to Operating Plan" clause establishes the process and authority required to make changes to the company's Operating Plan. Typically, this clause specifies which parties must review and consent to any proposed amendments, such as requiring a majority vote of the board or approval from specific stakeholders. By setting clear procedures for modifying the Operating Plan, the clause ensures that significant operational changes are made transparently and with appropriate oversight, thereby preventing unilateral decisions and maintaining alignment among key decision-makers.
Approval of amendments to Operating Plan. ‌ (a) The Operator may amend the Operating Plan from time to time provided that the Operator complies with this clause 20.2. (b) Without limiting clause 20.2(a), if schedule 2 is varied to include an additional Train Service Type or the Train Service Description for an existing Train Service Type is varied, then before the Operator commences or continues (as applicable) to operate any Train Services for such Train Service Type, the Operator must: (i) amend the Operating Plan to the extent reasonably required to address the operation of Train Services for such additional Train Service Type or the operation of Train Services in accordance with such varied Train Service Description (as applicable); or (ii) if it reasonably determines that no amendments to the Operating Plan are required to address the operation of Train Services for such additional Train Service Type or the operation of Train Services in accordance with such varied Train Service Description (as applicable), notify Aurizon Network of that determination and the reasons for that determination. (c) Without limiting clause 20.2(a), if, at any time, the Operator gives an Authorisation Request Notice to Aurizon Network in respect of a proposal to operate Train Services for a Train Service Type using Rollingstock Configurations which are not Authorised Rollingstock Configurations for that Train Service Type, the Operator must amend the Operating Plan to the extent reasonably required to address the operation of Train Services for that Train Service Type using such Rollingstock Configurations for that Train Service Type (assuming that they will become Authorised Rollingstock Configurations for the Train Service Type). (d) Without limiting clause 20.2(a), if, at any time, the Operating Plan ceases to be consistent with the terms of this Agreement or any document that the Operator is required under this Agreement to comply with, then: (i) the Operator must amend the Operating Plan to the extent reasonably required to address the inconsistency; and (ii) without limiting clause 20.2(d)(i), if Aurizon Network becomes aware of the inconsistency, then Aurizon Network must notify the Operator of the inconsistency. (e) If the Operator intends, or is required under clause 20.2(b), 20.2(c) or 20.2(d), to amend the Operating Plan, it must submit to Aurizon Network for Aurizon Network’s approval full details of each proposed amendment to the Operating Plan and the Operator’s reasons for each proposed amendment. (f...
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Related to Approval of amendments to Operating Plan

  • Amendments to Agreement This Agreement, or any term thereof, may be changed or waived only by written amendment signed by the party against whom enforcement of such change or waiver is sought. For special cases, the parties hereto may amend such procedures set forth herein as may be appropriate or practical under the circumstances, and Ultimus may conclusively assume that any special procedure which has been approved by the Trust does not conflict with or violate any requirements of its Declaration of Trust or then current prospectuses, or any rule, regulation or requirement of any regulatory body.

  • Amendments to Plan of Arrangement (a) The Company and the Purchaser may amend, modify and/or supplement this Plan of Arrangement at any time and from time to time prior to the Effective Time, provided that each such amendment, modification and/or supplement must be (i) set out in writing, (ii) approved by the Purchaser and the Company (subject to the Arrangement Agreement), each acting reasonably, (iii) filed with the Court and, if made following the Company Meeting, approved by the Court, and (iv) communicated to or approved by the Company Shareholders if and as required by the Court. (b) Any amendment, modification or supplement to this Plan of Arrangement may be proposed by the Company or the Purchaser at any time prior to the Company Meeting and the Purchaser Meeting (provided that the Purchaser or the Company, subject to the Arrangement Agreement, have each consented in writing thereto) with or without any other prior notice or communication, and if so proposed and accepted by the Persons voting at the Company Meeting and the Purchaser Meeting, respectively (other than as may be required under the Interim Order), shall become part of this Plan of Arrangement for all purposes. (c) Any amendment, modification or supplement to this Plan of Arrangement that is approved or directed by the Court following the Company Meeting shall be effective only if (i) it is consented to in writing by each of the Company and the Purchaser (in each case, acting reasonably), and (ii) if required by the Court, it is consented to by some or all of the Company Shareholders voting in the manner directed by the Court. (d) Any amendment, modification or supplement to this Plan of Arrangement may be made following the Effective Date and prior to the Acquisition Date by the Purchaser and the Company, provided that it concerns a matter which, in the reasonable opinion of the Purchaser and the Company, is of an administrative nature required to better give effect to the implementation of this Plan of Arrangement and is not adverse to the economic interest of any Company Shareholder, High Street Holder or USCo2 Class B Shareholder.

  • Amendments to Financing Agreement Subject to the satisfaction of the conditions of this Amendment, the Financing Agreement is hereby amended as follows:

  • OFFICE OF MANAGEMENT AND BUDGET (OMB) AUDIT REQUIREMENTS The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98-502, ensuring that the single audit report includes the coverage stipulated in 2 CFR 200.

  • Amendments to Loan Agreement 2.1 Section 2.1.1 (