Changes to Project Budget. (For a requested change to any portion of the Project Budget, including the Project Costs Chart and/or the Project Funding Chart.) [Speak to your Project Officer about filling in these charts. If your requested revisions are acceptable to NOHFC, these charts, as applicable, will replace what appears in the Agreement upon the effectiveness of this amendment.] (Change Request Form continued on following page – please fill out all applicable sections)
Changes to Project Budget. The Participant shall use best efforts to ensure that the expenditures considered Eligible Costs in relation to the Deep Retrofit Project do not exceed the amounts set out in the Project Budget. The Participant shall declare promptly to the City in the next Quarterly Progress Report of any changes to the Project Budget, including any variances between the projected expenditures and the actual expenditures.
Changes to Project Budget. Any changes to the Project Budget will be effective only if agreed between KKM and the Facility Agent acting on the instructions of the Special Majority Lenders provided that any item of capital contained in the Project Budget may be exceeded by up to five per cent. without being treated as a change requiring approval provided that the overall budget is not exceeded.
Changes to Project Budget. Changes in the Project Budget may be made only by Lender's consent; which consent shall not be unreasonably withheld.
Changes to Project Budget. Developer shall exert commercially reasonable efforts to manage the Project Costs pursuant to the Project Budget. Developer shall have the right, upon notice to but without the consent of Owner, to allocate any Cost Savings from one line item to other line items, so long as (a) the aggregate amount of Project Costs does not increase as a result thereof, (b) the overall function or quality of the Project is not impaired, and (c) such re- allocation is not made in connection with a Change Order that requires Owner’s approval hereunder. Developer will also adjust the Project Budget in accordance with any Change Order that is permitted under this Agreement. In the event that, notwithstanding the foregoing authority to make changes to the Project Budget, Developer reasonably determines that changes to the Project Budget that are outside of Developer’s scope of authority herein will be necessary to complete the Project, Developer shall promptly prepare proposed revisions to the Project Budget and submit the same to Owner for its written approval. Upon Owner’s approval thereof, the revised budget shall be the Project Budget for all purposes hereunder. DRAFT
Changes to Project Budget. Sponsor will not be liable for payment of any fees incurred by CE3 in excess of the “Total Project Cost” as defined in Exhibit B except pursuant to an amendment or other written agreement executed by Sponsor and CE3 in accordance with the provision of section 5 of this PSO. CE3 will act in good faith to promptly identify any changes in the Project, will track all changes, related costs and will notify Sponsor as soon as the change to the Project Budget is known.
