Common use of Approval or Rejection of the Change Proposal Clause in Contracts

Approval or Rejection of the Change Proposal. 14.2.1 Should the change proposal be approved by ESA BIC Austria, a corresponding CCN shall be prepared by ESA BIC Austria’s contractual representatives as stated in Article 9.3(b) and submitted to both Parties for signature. 14.2.2 Should a change proposal be rejected for any reason by ESA BIC Austria, the Incubatee shall be informed accordingly, together with the reasons for the rejection. At the request of either Party, the change may be discussed at a Change Review Board, consisting of a contractual and a technical representative of each Party.

Appears in 2 contracts

Sources: Incubation Agreement, Incubation Agreement