Modification to the Facility Clause Samples
The "Modification to the Facility" clause defines the process and conditions under which changes can be made to the terms, structure, or features of a financial facility, such as a loan or credit agreement. Typically, this clause outlines who has the authority to propose or approve modifications, the procedures for requesting changes, and any limitations or requirements, such as obtaining lender consent or meeting regulatory standards. Its core practical function is to provide a clear and agreed-upon framework for adapting the facility to changing circumstances, thereby reducing uncertainty and potential disputes between the parties.
Modification to the Facility. 11.1 The Facility Owner shall not make, without CEB’s prior consent, any modification or addition to the Facility, which includes modification of connection assets, except where the modification will not increase the maximum electrical output of the Facility. In such case, the Facility Owner shall give the CEB no less than 15 working days’ prior notice before the modification will be made.
11.2 Where the modification will increase the maximum electrical output of the Facility, the Facility Owner shall submit a new application for connection. CEB reserves the right to accept or reject the application.
11.3 If the application is admissible, CEB shall process the application for connection in accordance with Section 5 of this Agreement, the prevailing or other relevant Schemes, if any, and other conditions that will be in force at the time of the new application.
11.4 The Facility Owner shall not commence any modification until all necessary procedures have been duly completed.
11.5 In the event the Facility Owner applies for relocation of the Facility to another location during the lifetime of this Agreement, the request may be entertained subject to a network impact assessment or survey in the area where the Facility will be relocated.
11.6 In respect of the relocation of the Facility, the Facility Owner shall fulfil all required procedures and shall sign an addendum to the Interconnection Agreement, which will last only for the remaining number of years.
Modification to the Facility. 11.1 The Smart City Company shall not make, without CEB’s prior consent, any modification or addition to the Facility, which includes modification of connection assets, except where the modification will not increase the maximum electrical output of the Facility. In such case, the Smart City Company shall give the CEB no less than 15 working days’ prior notice before the modification will be made.
11.2 Where the modification will increase the maximum electrical output of the Facility, the Smart City Company shall submit a new application for connection. CEB reserves the right to accept or reject the application.
11.3 If the application is admissible, CEB shall process the application for connection in accordance with Section 5 of this Agreement, the prevailing or other relevant Schemes, if any, and other conditions that will be in force at the time of the new application.
11.4 The Smart City Company shall not commence any modification until all necessary procedures have been duly completed.
11.5 In the event the Smart City Company applies for relocation of the Facility to another location during the lifetime of this Agreement, the request may be entertained subject to a network survey in the area where the Facility will be relocated.
11.6 In respect of the relocation of the Facility, the Smart City Company shall fulfil all required procedures and shall sign an addendum to the Connection Agreement, which will last only for the remaining number of years.
Modification to the Facility. 11.1 The Public Sector Entity shall not make, without CEB’s prior consent, any modification or addition to the Facility, which includes modification of connection assets, except where the modification will not increase the maximum electrical output of the Facility. In such case, the Public Sector Entity shall give the CEB no less than 15 working days’ prior notice before the modification will be made.
11.2 Where the modification will increase the maximum electrical output of the Facility, the Public Sector Entity shall submit a new application for connection. CEB reserves the right to accept or reject the application.
11.3 If the application is admissible, CEB shall process the application for connection in accordance with Section 5 of this Agreement, the prevailing or other relevant Schemes, if any, and other conditions that will be in force at the time of the new application.
11.4 The Public Sector Entity shall not commence any modification until all necessary procedures have been duly completed.
11.5 In the event the Public Sector Entity applies for relocation of the Facility to another location during the lifetime of this Agreement, the request may be entertained subject to a network survey in the area where the Facility will be relocated.
11.6 In respect of the relocation of the Facility, the Public Sector Entity shall fulfil all required procedures and shall sign an addendum to the Connection Agreement, which will last only for the remaining number of years.