Common use of Changes and Review Procedure Clause in Contracts

Changes and Review Procedure. Alberta Innovates expects the Applicant to fulfill the Project as described in the portions of the Application that were approved by Alberta Innovates and in this Investment Agreement, and to set reasonable Milestone Start Dates and Milestone End Dates, anticipating times during the Project Period when setbacks or unavoidable delays may occur. Should an unforeseen exceptional circumstance arise whereby it is not possible to meet the deliverables or deadlines set out in any Milestone, or whereby the Applicant may desire Alberta Innovates to approve a material change to the Project, the Applicant may request a change or amendment to this Investment Agreement by contacting Alberta Innovates’ representative for project matters set out in Article 12 Notices no later than two (2) weeks prior to the next Milestone End Date. Depending on the nature and extent of the requested Project change, Alberta Innovates may require the Applicant to complete and provide a formal scope change request on an Alberta Innovates Template before Alberta Innovates will consider the request. Examples of Project change requests that require approval from Alberta Innovates Include the following: (a) an increase or decrease in the Investment associated with a particular Milestone, or the Project as a whole; (b) a material change in the scope of the Project; (c) a change in a Milestone Start Date or Milestone End Date (irrespective of any impact on the Project Completion Date); (d) acceptance of a Change of Control of the Applicant (unless the Applicant is a Post-secondary Institution, the Alberta Centre for Advanced MNP Products (ACAMP), a municipality, or part of the Government of Canada or Government of Alberta Including any ministry, department, agency, or Crown corporation, in which case no amendment is required regarding a Change of Control); (e) if the Project is being conducted pursuant to one of the Associates Programs or Voucher Programs, the appointment of a different Associate or Service Provider, respectively; (f) if the Project has a Principal Investigator, and if the Applicant’s internal policies and arrangements with the Principal Investigator would allow it to appoint a different Principal Investigator, the appointment of a different Principal Investigator; (g) a change in funding from a Funding Partner; or (h) any other material changes as determined by Alberta Innovates. Upon review of the change request, Alberta Innovates may Elect to approve, decline, or request further information concerning the requested change. Depending on the nature and extent of an approved Project change, Alberta Innovates may require the Parties to execute a formal amendment to this Investment Agreement to document the Project change. If Alberta Innovates determines that a formal amendment is not required, it may simply issue Notice to all Parties that: (i) the requested Project change, a new Schedule A or Schedule B, or a new Associate, Service Provider or Principal Investigator has been approved; or (ii) if there is a Workbook for the Project on the Portal, that the Workbook has been amended; as the case may be. Should a change be approved by Alberta Innovates, the remainder of this Investment Agreement shall remain in full force and effect unamended.

Changes and Review Procedure. Alberta Innovates expects the Applicant to fulfill the Project as described in the portions of the Application that were approved by Alberta Innovates and in this Investment Agreement, and to set reasonable Milestone Start Dates and Milestone End Dates, anticipating times during the Project Period when setbacks or unavoidable delays may occur. Should an unforeseen exceptional circumstance arise whereby it is not possible to meet the deliverables or deadlines set out in any Milestone, or whereby the Applicant may desire Alberta Innovates to approve a material change to the Project, the Applicant may request a change or amendment to this Investment Agreement by contacting Alberta Innovates’ ' representative for project matters set out in Article 12 Notices no later than two (2) weeks prior to the next Milestone End Date. Depending on the nature and extent of the requested Project change, Alberta Innovates may require the Applicant to complete and provide a formal scope change request on an Alberta Innovates Template before Alberta Innovates will consider the request. Examples of Project change requests that require approval from Alberta Innovates Include the following: (a) an increase or decrease in the Investment associated with a particular Milestone, or the Project as a whole; (b) a material change in the scope of the Project; (c) a change in a Milestone Start Date or Milestone End Date (irrespective of any impact on the Project Completion Date); (d) acceptance of a Change of Control of the Applicant (unless the Applicant is a Post-secondary Institution, the Alberta Centre for Advanced MNP Products (ACAMP), a municipality, or part of the Government of Canada or Government of Alberta Including any ministry, department, agency, or Crown corporation, in which case no amendment is required regarding a Change of Control); (e) if the Project is being conducted pursuant to one of the Associates Programs or Voucher Programs, the appointment of a different Associate or Service Provider, respectively; (f) if the Project has a Principal Investigator, and if the Applicant’s internal policies and arrangements with the Principal Investigator would allow it to appoint a different Principal Investigator, the appointment of a different Principal Investigator; (g) a change in funding from a Funding Partner; or (h) any other material changes as determined by Alberta Innovates. Upon review of the change request, Alberta Innovates may Elect to approve, decline, or request further information concerning the requested change. Depending on the nature and extent of an approved Project change, Alberta Innovates may require the Parties to execute a formal amendment to this Investment Agreement to document the Project change. If Alberta Innovates determines that a formal amendment is not required, it may simply issue Notice to all Parties that: (i) the requested Project change, a new Schedule A or Schedule B, or a new Associate, Service Provider or Principal Investigator has been approved; or (ii) if there is a Workbook for the Project on the Portal, that the Workbook has been amended; as the case may be. Should a change be approved by Alberta Innovates, the remainder of this Investment Agreement shall remain in full force and effect unamended.

Changes and Review Procedure. Alberta Innovates expects the Applicant to fulfill the Project as described in the portions of the Application that were approved by Alberta Innovates and in this Investment Agreement, and to set reasonable Milestone Start Dates and Milestone End Dates, anticipating times during the Project Period when setbacks or unavoidable delays may occur. Should an unforeseen exceptional circumstance arise whereby it is not possible to meet the deliverables or deadlines set out in any Milestone, or whereby the Applicant may desire Alberta Innovates to approve a material change to the Project, the Applicant may request a change or amendment to this Investment Agreement by contacting Alberta Innovates’ representative for project matters set out in Article 12 Notices no later than two (2) weeks prior to the next Milestone End Date. Depending on the nature and extent of the requested Project change, Alberta Innovates may require the Applicant to complete and provide a formal scope change request on an Alberta Innovates Template before Alberta Innovates will consider the request. Examples of Project change requests that require approval from Alberta Innovates Include the following: (a) an increase or decrease in the Investment associated with a particular Milestone, or the Project as a whole; (b) a material change in the scope of the Project; (c) a change in a Milestone Start Date or Milestone End Date (irrespective of any impact on the Project Completion Date); (d) acceptance of a Change of Control of the Applicant (unless the Applicant is a Post-Post- secondary Institution, the Alberta Centre for Advanced MNP Products (ACAMP), a municipality, or part of the Government of Canada or Government of Alberta Including any ministry, department, agency, or Crown corporation, in which case no amendment is required regarding a Change of Control); (e) if the Project is being conducted pursuant to one of the Associates Programs or Voucher Programs, the appointment of a different Associate or Service Provider, respectively; (f) if the Project has a Principal Investigator, and if the Applicant’s internal policies and arrangements with the Principal Investigator would allow it to appoint a different Principal Investigator, the appointment of a different Principal Investigator; (g) a change in funding from a Funding Partner; or (h) any other material changes as determined by Alberta Innovates. Upon review of the change request, Alberta Innovates may Elect to approve, decline, or request further information concerning the requested change. Depending on the nature and extent of an approved Project change, Alberta Innovates may require the Parties to execute a formal amendment to this Investment Agreement to document the Project change. If Alberta Innovates determines that a formal amendment is not required, it may simply issue Notice to all Parties that: (i) the requested Project change, a new Schedule A or Schedule B, or a new Associate, Service Provider or Principal Investigator has been approved; or (ii) if there is a Workbook for the Project on the Portal, that the Workbook has been amended; as the case may be. Should a change be approved by Alberta Innovates, the remainder of this Investment Agreement shall remain in full force and effect unamended.