Common use of EXERCISE OF AUTHORITY CHANGE AND CHANGE MECHANISM Clause in Contracts

EXERCISE OF AUTHORITY CHANGE AND CHANGE MECHANISM. ‌ 26.1 Changes not proposed by the Company‌ Where there is any proposal for an Authority Change or a Contractor Change ("Change") under the PFI Project Agreement that is not proposed by the Company: 26.1.1 the Authority shall notify the Company and the DfE of all the relevant information in relation to the proposed Change, including without limitation, the Authority's opinion, the available options, the decision required and the time periods for both parties to respond; and 26.1.2 the Authority shall not agree to any proposed Change which is reasonably likely to have an adverse effect upon the provision of the Services at the Academy or a material adverse financial impact on the Academy, without the prior consent of: (a) the Company (which shall not be unreasonably withheld or delayed); or (b) DfE, in the event that either: (i) the Company has not provided its consent under clause 26.1.2.(a); or (ii) the proposed Change would have a material adverse financial impact on the Academy.