Change in Budget Clause Samples
The Change in Budget clause establishes the procedures and requirements for modifying the financial allocations set out in an agreement. Typically, this clause outlines how parties can propose adjustments to the budget, the approval process for such changes, and any documentation or notice required. For example, if project costs increase due to unforeseen circumstances, the clause would dictate how additional funds can be requested and approved. Its core function is to provide a clear and agreed-upon method for handling budget changes, thereby preventing disputes and ensuring financial transparency throughout the duration of the contract.
Change in Budget. (a) If Transpower becomes aware of an increase in the cost of the Works that is likely to cause the Budget to be exceeded by an amount of [10%] or more (cumulatively with any previous increases not reflected in the Budget), Transpower must notify the Customer as soon as reasonably practicable and provide the Customer with:
(i) a revised Budget reflecting the increase(s);
(ii) the reasons for the increase(s); and
(iii) Transpower’s actions and proposals for mitigating the increase(s).
(b) The Customer must notify Transpower within 10 Business Days of the date of Transpower’s notice under sub‐paragraph (a) whether it accepts or rejects the revised Budget (with reasons if the Customer rejects the revised Budget). If the Customer does not notify Transpower within that time, then the Customer will be deemed to have accepted the revised Budget.
(c) If the Customer rejects the revised Budget, the parties must negotiate in good faith to agree the revised Budget within a further 10 Business Days or such longer period as the parties may agree. If the parties fail to reach agreement within the negotiation period, the Customer may terminate this Agreement on notice to Transpower within 5 Business Days of the end of the negotiation period. If the Customer does not terminate this Agreement within that time, then the Customer will be deemed to have accepted the revised Budget.
(d) If the Customer accepts the revised Budget or the parties agree on the revised Budget, the revised Budget will replace the then current Budget immediately.
Change in Budget. The “Budget” set forth under Exhibit B to the Agreement, is hereby deleted in its entirety and replaced with the “Revised Budget” set forth under Exhibit B to this Amendment No. 1, attached hereto and incorporated herein by this reference. K Datu účinnosti Dodatku č. 1 se smluvní strany dohodly takto:
1. Změna rozvrhu plateb. “Rozvrh plateb” stanovený v Příloze A Smlouvy se tímto v celém rozsahu ruší a nahrazuje “Revidovaným Rozvrhem plateb” v Příloze A k tomuto Dodatku č. 1, připojený níže a zahrnutý tímto odkazem.
2. Změna Rozpočtu. “Rozpočet” stanovený v Příloze B Smlouvy se tímto v celém rozsahu ruší a nahrazuje “Revidovaným Rozpočtem” v Příloze B k tomuto Dodatku č. 1, připojený níže a zahrnutý tímto odkazem. MISCELLANEOUS: RŮZNÉ: This Amendment No. 1 amends the terms of the Agreement and is deemed incorporated into and governed by all other terms of the Agreement. To the extent that the Agreement is explicitly amended by this Amendment No. 1, the terms of this Amendment No. 1 will control where the terms of the Agreement are contrary to or conflict with the following provisions. Where the Agreement is not explicitly amended, the terms of the Agreement will remain in full force and effect. Capitalized terms used in this Amendment No. 1 that are not otherwise defined herein shall have the same meanings as such terms have in the Agreement. Except as expressly modified by this Amendment No. 1, all the other provisions contained in the Agreement remain valid, binding and unchanged. Amendment No. 1 is executed in three (3) counterparts, each of which shall be deemed an original but taken together shall constitute one and the same instrument. Each Party shall receive one copy. The priority language of this Agreement will be Czech. In the event of any discrepancy between the two language versions, the Czech version shall prevail The Parties agree that, no later than on the date of signing of this Amendment No. 1, the Institution will publish the Amendment version specifically prepared and provided to the Institution for this purpose by PRA, in machine- readable format in electronic form, by sending it to the email address xxxxxxxx. Notification from the Register about publication of the Agreement will be sent to PRA to email: xxxxxxxxx, xxxxxxxx. The value of the Agreement as amended by Amendment No. 1 is CZK 285,400. Tento Dodatek č. 1 upravuje podmínky Smlouvy a je považován za začleněný do všech ostatních podmínek ▇▇▇▇▇▇▇ a řídí se všemi ostatními podmínk...
Change in Budget. The approved budget includes grant and local match amounts distributed between predefined categories (e.g., salary, fringe, travel) as identified in Attachment B of the agreement. Each request for reimbursement draws down funds from each category individually. The Grantee may move up to 10% of the total grant amount between categories without permission. Beyond this 10% threshold, the Grantee should communicate changes to the project budget to the Coastal Program. The program must approve all changes before they occur. Costs incurred by Grantees without approval may not be reimbursable and are at the risk of the Grantee. • Addition of a budget category: The Grantee may request to add a category not previously identified (e.g., unexpected travel expenses or moving contract costs to other.)
Change in Budget. The “Budget” set forth under Exhibit B to the Agreement, is hereby deleted in its entirety and replaced with the “Revised Budget” set forth Exhibit B to this Amendment No. 2, attached hereto and incorporated herein by this reference. Fakultní nemocnice Bulovka / xxx Protocol XL184-315
Change in Budget. The “Budget” set forth under Exhibit B to the Agreement, is hereby deleted in its entirety and replaced with the “Revised Budget” set forth under Exhibit B S účinností k Datu účinnosti Dodatku č. 1 se smluvní strany dohodly takto:
1. Změna rozvrhu plateb. “Rozvrh plateb” stanovený v Příloze A Smlouvy se tímto v celém rozsahu ruší a nahrazuje “Revidovaným Rozvrhem plateb” v Příloze A k tomuto Dodatku č. 1, připojený níže a zahrnutý tímto odkazem.
2. Změna Rozpočtu. “Rozpočet” stanovený v Příloze B Smlouvy se tímto v celém rozsahu ruší a nahrazuje “Revidovaným Rozpočtem” v Příloze B k tomuto Dodatku č. 1, připojený níže a zahrnutý tímto odkazem. to this Amendment No. 1, attached hereto and incorporated herein by this reference.
Change in Budget. If, during a fiscal year, the Board feels that a change in the budget that necessitates a change in housing charges is desirable, it may call a special meeting of the members for the purpose of considering such a change. All procedures established by this article shall apply in consideration of such a change. Repealed
Change in Budget. The “Budget” set forth under Exhibit B to the Agreement, is hereby deleted in its entirety and replaced with the “Revised Budget” set forth under Exhibit B to this Amendment No. 1, attached hereto and incorporated herein by this reference. All activities performed and all payment rights and obligations incurred prior to signature, but on or after the Protocol Amendment No. 5 Effective Date, 09 May 2022,will be S účinností k Datu účinnosti Dodatku č. 1 se smluvní strany dohodly takto:
1. Změna Rozpočtu. “Rozpočet” stanovený v Příloze B Smlouvy se tímto v celém rozsahu ruší a nahrazuje “Revidovaným Rozpočtem” v Příloze B k tomuto Dodatku č. 1, připojený níže a zahrnutý tímto odkazem. Všechny provedené činnosti a všechna platební práva a povinnosti vzniklé před podpisem, ale v den účinnosti Dodatku k Protokolu č. 5 dne
Change in Budget. The Budget set forth under Exhibit B to the Agreement, is hereby deleted in its entirety and replaced with the “Revised Budget” set forth Exhibit B to this 2. Změna Rozpočtu. Rozpočet stanovený v Příloze B Smlouvy se tímto v celém rozsahu ruší a nahrazuje “Revidovaným Rozpočtem” Amendment No. 1, attached hereto and incorporated herein by this reference. v Příloze B k tomuto Dodatku č. 1, připojený níže a zahrnutý tímto odkazem. MISCELLANEOUS: RŮZNÉ:
1. This Amendment No. 1 is made in three (3) counterparts, each of which Parties receives one (1) at time. Signature page to follow. Tento Dodatek č. 1 upravuje podmínky Smlouvy a je považován za začleněný do všech ostatních podmínek ▇▇▇▇▇▇▇ a řídí se všemi ostatními podmínkami Smlouvy. Do rozsahu, do něhož je Smlouva výslovně upravena tímto Dodatkem č. 1, budou podmínky tohoto Dodatku č. 1 regulovat ustanovení, kde jsou podmínky Smlouvy protichůdné nebo v rozporu s následujícími ustanoveními. Tam, kde ▇▇▇▇▇▇▇ není výslovně dotčena tímto dodatkem, zůstanou její ustanovení plně platná a účinná. Výrazy psané velkým písmem, které se používají v tomto Dodatku č. 1 a nejsou v něm jinak definovány, ▇▇▇▇ stejný význam jako ve Smlouvě. S výjimkou výslovné úpravy tímto Dodatkem č. 1 zůstávají všechna ostatní ustanovení obsažená ve Smlouvě platná, závazná a nezměněná. ▇▇▇▇▇ Strana vyhotoví, potvrdí a doručí další listiny a provede všechny další úkony tak, jak může být nezbytné nebo vhodné, ▇▇▇ ▇▇▇▇ možné uskutečnit účely a ▇▇▇▇▇ tohoto Dodatku č.
1. Tento Dodatek č. 1 je vyhotoven ve třech (3) stejnopisech, přičemž ▇▇▇▇▇ ▇▇ smluvních stran obdrží po jednom (1) paré. Podpisová strana následuje.
1. PHARMACEUTICAL RESEARCH ASSOCIATES CZ, s.r.o.