Changes to Budget Sample Clauses
The "Changes to Budget" clause defines the process and conditions under which modifications to the agreed-upon budget can be made during the course of a project or contract. Typically, this clause outlines who has the authority to propose or approve budget changes, the documentation required for such changes, and any thresholds or limits that trigger a formal review. For example, if unexpected expenses arise or project scope changes, this clause ensures there is a clear, agreed-upon method for adjusting the budget accordingly. Its core function is to provide a structured mechanism for managing financial adjustments, thereby preventing disputes and maintaining transparency between the parties.
Changes to Budget. (Clause 11) Up to a 10% increase or decrease in the value of a line item of expenditure or quantum of the Budget
Changes to Budget. Upon DELTAGEN's receipt of a Proposed Change in accordance with Section 2.8, if such Proposed Change is acceptable to DELTAGEN, ROCHE BIOSCIENCE and DELTAGEN shall negotiate in good faith a revised Budget (based upon the pricing and standards set forth in Attachment II) and * * * Confidential material redacted and separately filed with the Commission. milestones based on the revised Scope of Work. No such revised Budget or schedule shall be effective until mutually agreed to in writing by both ROCHE BIOSCIENCE and DELTAGEN.
Changes to Budget. [Drafting note: as described in clause 9.2, the Recipient may, in some circumstances, change the Budget without the need to obtain the Department’s consent. This item may be based on a total percentage of the Budget or may specify particular Budget line item changes that are permitted.]
Changes to Budget. If the Economic Development Department receives notice that the Grant Recipient’s proposed budget has or will change, it may contact the County Economic Development Board to meet and review the changes to the original request. Grant Recipient will be notified within ten days as to the County Economic Development Board’s decision.
Changes to Budget. (Clause 12) [Drafting note: ARENA to complete - insert percentage of total or line item Budget changes which are permitted variations for which ARENA approval is not required and check this does not contravene the relevant Program Guidelines. Note that the Budget refers to the total project budget]