We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Cost Variation Sample Clauses

Cost Variation. Article 5.4
Cost VariationIn the event that the total Project cost is less than the amount specified in the Exhibit C, the Funding Agreements shall be reduced at the same ratio to the total Project cost reduction as the ratio of the Funding Agreement amount to the total amount of funds provided by the Business and all funding sources requiring a proportional reduction of their financial contribution to the Project. Any disbursed excess above the reduced IDED participation amount shall be returned immediately to IDED.
Cost VariationIn the event that the total Project cost is less than the amount specified in the Exhibit B shall be reduced at the same ratio to the total Project cost reduction as the ratio Contract amount to the total amount of funds provided by the Business and all funding sources requiring a proportional reduction of their financial contribution to the Project. Any disbursed excess above the reduced IEDA participation amount shall be returned immediately to IEDA.
Cost VariationIn the event that the total Project cost is less than the amount specified in this Agreement, the CEBA participation shall be reduced at the same ratio as CEBA funds are to the total Project cost, and any disbursed excess above the reduced CEBA participation amount shall be returned immediately to IDED with interest at the rate of six percent (6%) per annum from the date of disbursement by IDED.
Cost Variation. ‌ (a) If DBCTM considers, based on forecasts provided by the Engineering Consultant, that the Actual Study Costs will exceed the Estimated Study Costs by more than 10%, DBCTM will, within 28 days of receiving such a forecast from the Engineering Consultant, issue a written notice to each Underwriting Party with the details of the Actual Study Costs incurred to date (Cost Notice) and a further estimate of the cost of completing the Studies (Revised Estimated Study Costs).‌ (b) The Access Seeker must notify DBCTM whether or not it agrees to continue to underwrite the Studies within 21 days of receiving a Revised Estimated Study Costs.‌ (c) DBCTM is not obliged to continue with the Studies unless; (1) each of the Underwriting Parties agrees to continue to underwrite the Studies in light of the Revised Estimated Study Costs; or (2) if an Underwriting Party elects not to continue to underwrite the Studies in light of the Revised Estimated Study Costs, the Underwriting Parties which elect to continue to underwrite the Studies also agree in writing with DBCTM to underwrite any withdrawing Underwriting Party’s share of the increase in costs from the Estimated Study Costs to the Revised Estimated Study Costs. (d) If each of the Underwriting Parties agrees to continue to underwrite the Studies in light of the Revised Estimated Study Costs, the Revised Estimated Study Costs will be taken to be the Estimated Study Costs, including for the purpose of any further cost or scope variation in accordance with this clause 4.
Cost VariationIn the event that the total Program cost is less than the amount specified in this Agreement, the Commission’s share may be reduced at the same ratio as the Commission funds are to the total Program cost, and any disbursed excess above the reduced the Commission participation amount shall then be returned immediately to the Commission. If the Grantee fails to enroll the number of Member Service Years (MSY) reflected in the Application, the payment under this Agreement may be reduced accordingly.
Cost Variation. Prices may be revised in the event of any increase in costs to Seller between acceptance of a quote or receipt of an order and actual date of delivery to the Purchaser. All sketches and origination work, and any intellectual property rights therein, at 15. PURCHASER’S PROPERTY all times remain the property of the Seller.
Cost Variation. (a) In the event that the total Project cost is less than the amount specified in the Agreement and the "Budget Activity", the CDBG participation shall be reduced at the same ratio to the total Project cost reduction as the original ratio of the CDBG funds to the total Project costs. Any disbursed excess above the reduced CDBG participation amount shall be returned immediately to the Authority. (b) In the event that the total Project cost is greater than the amount specified in the "Budget Activity", the Authority shall, upon request, consider increasing the CDBG participation in the same ratio to the total increase in Project cost as the original ratio of CDBG funds to the total Project costs. The consideration of an increase of CDBG funds for a Project shall be subject to availability of funds, determination of reasonable and allowable costs, and all other applicable program rules. (c) The Recipient may request the Authority to increase the CDBG participation to an amount that is higher than the proportional ratio. The Authority may permit such a higher increase if, in the Authority’s judgment, the Recipient has demonstrated financial hardship.
Cost Variation. All quotations and estimates issued by the Seller are, unless otherwise stated, based on current in store costs. All prices quoted are valid for 30 days only or until earlier placing of an order by the Purchaser, after which time they may be altered by the Seller without giving notice to the Purchaser. The Seller reserves the right, by giving notice to the Purchaser at any time before delivery, to increase the price of the goods to reflect any increase in cost to the Seller which is due to any factor beyond the reasonable control of the Seller, any changes requested by the Purchaser, or any delay caused by any instructions of the Purchaser, or failure of the Purchaser to give the Seller adequate information or instructions.
Cost Variation. 12.1 Where a Schedule indicates that you have chosen a variable rate Lease Agreement the Rental and other charges (if any) set out in the Lease Agreement hereto shall be varied by us from time to time to take account of any increase in the retail price index (RPI). Any such alteration will be made to that proportion of the Rental and other charges which is referable to variable operating and related costs, which for the purpose of the Lease Agreement amount to 50% of the Rental (and other charges) and will be made up pro rata to any variations for the index. Such alteration will be effected either as at the first day of January each year or on the anniversary start date (whichever is stated on the Schedule) and you will be notified in writing by us of such alteration.