Examples of Financial arrangement in a sentence
Promptly upon receipt of the details of any change, Supplier shall either advise the MLSPC that the change will not affect its costs, or furnish: (1) a breakdown of estimated cost and changes to the Financial Arrangement of Exhibit B resulting from the requested change, and (2) a statement of any necessary changes in the time of delivery.
Supplier’s failure to advise the MLSPC within ten (10) days of the effect of any change in cost or delivery time shall constitute Supplier’s consent to conform to the change without change to the Financial Arrangement, or without change in other terms and conditions of this Agreement.
The first Joint Financial Arrangement (JFAI) was signed on the 11th of November 2010 by Norway, Ireland, Finland, Germany (KfW), the so-called – Joint Financing Partners (JFPs), and the Palestinian Authority (PA) with the aim to financially and technically support the implementation and the management of the second Education Development Strategic Plan (EDSPII).
Supplier’s failure to advise the University within ten (10) days of the effect of any change in cost or delivery time shall constitute Supplier’s consent to conform to the change without change to the Financial Arrangement, or without change in other terms and conditions of this Agreement.
If the change causes a material increase or decrease in costs, then an equitable adjustment of the Financial Arrangement to be paid to Supplier shall promptly be negotiated by the MLSPC and Supplier and incorporated as an amendment to this Agreement.