Common use of GE Requested Change Clause in Contracts

GE Requested Change. Upon receipt of a GE Change Request, Licensor shall provide its Impact Analysis in its initial Change Response. If a complete and final Impact Analysis cannot be specified in its initial Change Response, Licensor shall so indicate on the Change Response, including a detailed explanation of the basis of the inability of Licensor to so determine and the date by which the Impact Analysis will be provided to GE. Licensor shall expressly indicate its acceptance or rejection of the Change Request after it has completed its final Impact Analysis. If Licensor rejects a GE Change Request and does not provide a counter-proposal in whole or in part, Licensor shall provide GE with its rationale for rejecting the Change Request.