Cost Variation. Article 5.4
Cost Variation. In 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 Variation. In 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 Variation. In 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. In 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) 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 Variation. In the event that the total Project cost is less than the amount specified in this Agreement, the DOT participation shall be reduced at the same ratio as DOT funds are to the total Project cost, and any disbursed excess above the reduced DOT participation amount shall be returned immediately to DOT with interest at the rate of six percent (6%) per annum from the date of disbursement by DOT.
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.
Cost Variation. Without duplicating the repayment required by Article 5.4(b)(ii), in the event that the total Project cost is less than the amount specified in the Exhibit D, the Award shall be reduced at the same ratio as the total actual Project cost reduction is to the total Project Budget as shown in Exhibit D. Any disbursed excess above the reduced IVF participation amount shall be returned immediately to IDED.
