Budget Modifications Initiated by the Authority Sample Clauses

Budget Modifications Initiated by the Authority. The Manager shall use all reasonable efforts to manage and operate the Facilities in accordance with the Approved Budgets. However, the Authority acknowledges that notwithstanding the Manager’s experience and expertise in relation to the operation of facilities similar to the Facilities, the projections contained in each Approved Budget are subject to and may be affected by changes in financial, economic and other conditions and circumstances beyond the Manager’s control, and that the Manager shall have no liability if the numbers within the Approved Budgets are not achieved. In the event that it appears reasonably likely, in any Fiscal Year during the term hereof, that the actual Net Operating Loss for such Fiscal Year at the Facilities will be larger than projected in the annual operating budget for such Fiscal Year, the Authority Executive Director may request from the Manager a plan for reduction of Operating Expenses to a level consistent with the projected Net Operating Loss amount. The Manager shall forthwith comply with any such expense reduction requested by the Authority; however, the provisions of Section 5.2(a) and (b) shall govern with respect to such continued operations.
Sample 1
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Related to Budget Modifications Initiated by the Authority

  • AMENDMENTS TO THIS AGREEMENT This Agreement may only be amended by the parties in writing.

  • EXTENT OF AGREEMENT/MODIFICATION This Agreement, together with attachments or addenda, represents the entire and integrated Agreement between the parties and supersedes all prior negotiations, representations, or agreements, either written or oral. This Agreement may be amended, modified, or added to only by written instrument properly signed by both parties.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • Modifications to this Agreement This Agreement constitutes the entire understanding of the parties on the subjects covered. Employee expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company.

  • Amendments/Modifications This Agreement may not be modified, altered or amended except by an agreement in writing executed by all of the parties hereto.

  • PROCEDURE TO CANCEL AGREEMENT BY THE STUDENT ALL requests for cancellation of the housing agreement must be IN WRITING OR REPRODUCIBLE ELECTRONIC FORMAT and submitted to UCF DHRL at the address for official communications shown in this agreement.

  • Amendments and Termination This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive.

  • Review by the Association of Procurement Decisions The Procurement Plan shall set forth those contracts which shall be subject to the Association’s Prior Review. All other contracts shall be subject to Post Review by the Association.

  • CFR PART 200 Contract Provisions Explanation Required Federal contract provisions of Federal Regulations for Contracts for contracts with ESC Region 8 and TIPS Members: The following provisions are required to be in place and agreed if the procurement is funded in any part with federal funds. The ESC Region 8 and TIPS Members are the subgrantee or Subrecipient by definition. Most of the provisions are located in 2 CFR PART 200 - Appendix II to Part 200—Contract Provisions for Non-Federal Entity Contracts Under Federal Awards at 2 CFR PART 200. Others are included within 2 CFR part 200 et al. In addition to other provisions required by the Federal agency or non-Federal entity, all contracts made by the non- Federal entity under the Federal award must contain provisions covering the following, as applicable.

  • Review by the Bank of Procurement Decisions The Procurement Plan shall set forth those contracts which shall be subject to the Bank’s Prior Review. All other contracts shall be subject to Post Review by the Bank.

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