Common use of Changes to Firm Schemes Clause in Contracts

Changes to Firm Schemes. 8.1 The parties may from time to time agree changes to the Firm Scheme Details and where such changes are agreed they shall be implemented by the Grant Recipient amending the Firm Scheme Details in IMS and the electronic confirmation of that amendment by the Agency through IMS. 8.2 Where a Milestone Failure occurs or is in the opinion of the Agency reasonably likely to occur (having regard to the information supplied at the Review Meeting or pursuant to Condition 7.4) and such failure is directly caused by a Milestone Extension Event, the Agency shall subject to Conditions 8.3 and 8.4 extend the relevant Milestone Date and associated Firm Scheme Completion Date by such period as it (acting reasonably) considers appropriate to take account of the delay caused or likely to be caused by the Milestone Extension Event. 8.3 The Agency shall not be obliged to extend a Milestone Date where such extension would (when taken individually or together with other extensions in relation to the Grant Recipient) in the Agency’s reasonable opinion materially and adversely affect the delivery of the Programme Offer or (when taken individually or together with other extensions in relation to the Grant Recipient or other grant recipients under the AHP) materially and adversely affect the Agency’s projected expenditure profile in relation to any year of the AHP and in particular (but without limitation) such expenditure profile in relation to the last quarter of the relevant Financial Year 8.4 The Agency may not extend a Firm Scheme Completion Date beyond 31 March 2015.

Changes to Firm Schemes. 8.1 9.1 The parties may from time to time agree changes to the Firm Scheme Details and where such changes are agreed they shall be implemented by the Grant Recipient amending the Firm Scheme Details in IMS and the electronic confirmation of that amendment by the Agency GLA through IMS. 8.2 9.2 Where a Milestone Failure occurs or is in the reasonable opinion of the Agency reasonably GLA likely to occur (having regard to the information supplied at the Review Meeting or pursuant to Condition 7.48.4) and such failure is directly caused by a Milestone Extension Event, the Agency GLA shall subject to Conditions 8.3 9.3 and 8.4 9.4 extend the relevant Milestone Date and associated Firm Scheme Completion Date by such period as it (acting reasonably) considers appropriate to take account of the delay caused or likely to be caused by the Milestone Extension Event. 8.3 9.3 The Agency GLA shall not be obliged to extend a Milestone Date where such extension would (when taken individually or together with other extensions in relation to the Grant Recipient) in the AgencyGLA’s reasonable opinion materially and adversely affect the delivery of the Programme Offer or (when taken individually or together with other extensions in relation to the Grant Recipient or other grant recipients under the AHPMHC) materially and adversely affect the AgencyGLA’s projected expenditure profile in relation to any year of the AHP MHC and in particular (but without limitation) such expenditure profile in relation to the last quarter of the relevant Financial Year. 8.4 9.4 The Agency may GLA shall not under any circumstance be required or obliged to extend a Firm Scheme Completion Date beyond 31 March 20152018.

Changes to Firm Schemes. 8.1 The parties may from time to time agree changes to the Firm Scheme Details and where such changes are agreed they shall be implemented by the Grant Recipient amending the Firm Scheme Details in IMS and the electronic confirmation of that amendment by the Agency through IMS. 8.2 Where a Milestone Failure occurs or is in the opinion of the Agency reasonably likely to occur (having regard to the information supplied at the Review Meeting or pursuant to Condition 7.4) and such failure is directly caused by a Milestone Extension Event, the Agency shall subject to Conditions 8.3 and 8.4 extend the relevant Milestone Date and associated Firm Scheme Completion Date by such period as it (acting reasonably) considers appropriate to take account of the delay caused or likely to be caused by the Milestone Extension Event.Event.‌ 8.3 The Agency shall not be obliged to extend a Milestone Date where such extension would (when taken individually or together with other extensions in relation to the Grant Recipient) in the Agency’s reasonable opinion materially and adversely affect the delivery of the Programme Offer or (when taken individually or together with other extensions in relation to the Grant Recipient or other grant recipients under the AHP) materially and adversely affect the Agency’s projected expenditure profile in relation to any year of the AHP and in particular (but without limitation) such expenditure profile in relation to the last quarter of the relevant Financial Year 8.4 The Agency may not extend a Firm Scheme Completion Date beyond 31 March 2015.

Changes to Firm Schemes. 8.1 9.1 The parties may from time to time agree changes to the Firm Scheme Details and where such changes are agreed they shall be implemented by the Grant Recipient amending the Firm Scheme Details in IMS and the electronic confirmation of that amendment by the Agency GLA through IMS. 8.2 9.2 Where a Milestone Failure occurs or is in the reasonable opinion of the Agency reasonably GLA likely to occur (having regard to the information supplied at the Review Meeting or pursuant to Condition 7.48.4) and such failure is directly caused by a Milestone Extension Event, the Agency GLA shall subject to Conditions 8.3 9.3 and 8.4 9.4 extend the relevant Milestone Date and associated Firm Scheme Completion Date by such period as it (acting reasonably) considers appropriate to take account of the delay caused or likely to be caused by the Milestone Extension Event. 8.3 9.3 The Agency GLA shall not be obliged to extend a Milestone Date where such extension would (when taken individually or together with other extensions in relation to the Grant Recipient) in the AgencyGLA’s reasonable opinion materially and adversely affect the delivery of the Programme Offer or (when taken individually or together with other extensions in relation to the Grant Recipient or other grant recipients under the AHPMHC) materially and adversely affect the AgencyGLA’s projected expenditure profile in relation to any year of the AHP MHC and in particular (but without limitation) such expenditure profile in relation to the last quarter of the relevant Financial Year. 8.4 9.4 The Agency may GLA shall not under any circumstance be required or obliged to extend a Firm Scheme Completion Date beyond 31 March 2015.2018.‌