Common use of Amendments or Modifications to the Agreement Clause in Contracts

Amendments or Modifications to the Agreement. This Project is an experiment designed to test new approaches to environmental protection and there is a degree of uncertainty regarding the environmental benefits and costs associated with activities to be undertaken in this Project. Therefore, it may be appropriate to amend this Agreement or its addenda at some point during its duration. This Final Project Agreement or its addenda may be amended by mutual agreement of Project Signatories at any time during the duration of the project. The parties recognize that amendments to this Agreement may also necessitate modification of legal implementation mechanisms or may require development of new implementation mechanisms. If the Agreement is amended, EPA and Labs21 partners expect to work together with other regulatory bodies and stakeholders to identify and pursue any necessary modifications or additions to the implementation mechanisms in accordance with applicable procedures. If the Project Signatories agree to make a substantial amendment to this Agreement, EPA will make available to the general public notice of the amendment and an opportunity to participate in the process, as appropriate. In determining whether to amend the Agreement, the Project Signatories will evaluate whether the proposed amendment meets Project XL acceptance criteria and any other relevant considerations agreed on by the Project Signatories. All Project Signatories to the Agreement will meet within ninety (90) days following submission of any amendment proposal (or within a shorter or longer period if all Project Signatories agree) to discuss evaluation of the proposed amendment. If all Project Signatories support the proposed amendment, the EPA Signatories will (after appropriate stakeholder involvement) amend the Agreement.

Appears in 2 contracts

Samples: Final Project Agreement, Final Project Agreement

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Amendments or Modifications to the Agreement. This Project is an experiment designed to test new approaches to environmental protection and there is a degree of uncertainty regarding the environmental benefits and costs associated with activities to be undertaken in this Project. Therefore, it may be appropriate to amend this Agreement or its addenda at some point during its duration. This Final Project Agreement or its addenda may be amended by mutual agreement of Project Signatories all parties at any time during the duration of the projectProject. The parties recognize that amendments to this Agreement may also necessitate modification of legal implementation mechanisms (such as a rule or permit) or may require development of new implementation mechanisms. If the Agreement is amended, EPA EPA, VADEQ, the USDA Forest Service, and Labs21 partners Georgia-Pacific expect to work together with other regulatory bodies and stakeholders to identify and pursue any necessary modifications or additions to the implementation mechanisms in accordance with applicable procedures. If the Project Signatories Parties agree to make a substantial amendment to this Agreement, EPA will make available to the general public will receive notice of the amendment and be given an opportunity to participate in the process, as appropriate. In determining whether to amend the Agreement, the Project Signatories parties will evaluate whether the proposed amendment meets Project XL acceptance criteria and any other relevant considerations agreed on by the Project Signatoriesparties. All Project Signatories parties to the Agreement will meet within ninety (90) days following submission of any amendment proposal (or within a shorter or longer period if all Project Signatories parties agree) to discuss evaluation of the proposed amendment. If all Project Signatories Parties support the proposed amendment, the EPA Signatories Parties will (after appropriate stakeholder involvement) amend the Agreement.

Appears in 2 contracts

Samples: Proposed Final Project Agreement, Final Project Agreement

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