Request for Amendment. 1. If the Consultant believes work identified in a directive and/or adjustment to a task budget is not within the Scope of Work (Exhibit A) and/or causes an increase or decrease in cost or time required for performance of any services under this Agreement, ConsultantName shall within seven (7) calendar days of the directive or adjustment to a task budget, on behalf of itself or its subconsultants, and prior to performing any work, request in writing a cost or time adjustment to the Agreement. Such request for an adjustment shall be submitted to the Project Representative.
2. The Consultant shall not perform the work identified in the directive and/or adjustment to the task budget until the County and Consultant execute an amendment pursuant to this Section or the County issues a written letter denying the Consultant’s request for a cost and/or time adjustment.
3. After receiving the County’s denial letter, even if the Consultant disagrees with the County’s decision, the Consultant shall perform the work as indicated in the directive and/or task budget adjustment. If the Consultant disagrees with the County’s denial, ConsultantName shall notify the Project Representative of its disagreement and the reasons for its disagreement within seven (7) calendar days of receipt of the County’s’ denial letter and the Consultant shall submit in accordance with Section 19 a claim for adjustment in writing to the Department Director’s designee within thirty (30) calendar days from the date of receipt of the County’s decision. The County shall identify the Department Director’s designee for purposes of this paragraph and Section 19 in the County’s denial letter. Failure to file a written claim for adjustment shall constitute acceptance of the County’s decision and shall waive the Consultant’s right to additional compensation or a time extension.
Request for Amendment. In light of the prolonged impact of COVID-19, we request Majority Lenders consent to the amendments to the Facility Agreement that are set out in Schedule 1 (Amendment) to this letter (the Amendments) and that you provide us with the outcome of such consent process no later than 5.00 p.m. Hong Kong time on 11 February 2022. The Amendments will become effective on the date of your countersignature of this letter pursuant to clause 25.1(a) (Procedure) of the Facility Agreement indicating that they have been consented to by the Majority Lenders (such date being the Effective Date).
Request for Amendment. 2.1 In accordance with Clause 38.1 (Required Consents) of the Facility Agreement, the Company hereby requests the consent of the Majority Lenders to the following amendment to the Facility Agreement:
2.2 Clause 23.8 (Insolvency) of the Facility Agreement shall be deleted in its entirety and replaced with the following:
Request for Amendment. The Borrower has advised you that it has agreed to provide you with additional collateral for the Obligations and has agreed to make appropriate revisions to the Credit Agreement.
Request for Amendment. 2.1 In accordance with Clause 37.1 (Required Consents) of the Facility Agreement, Holdco hereby requests the consent of the Majority Lenders to the following amendment to the Facility Agreement:
2.2 Clause 22.2(b) (Interest Cover Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following:
Request for Amendment. 2.1 In accordance with Clause 37.1 (Required Consents) of the Facility Agreement, Holdco hereby requests the consent of the Majority Lenders to the following amendment to the Facility Agreement:
2.2 Clause 10.1 (b) (ii) (Calculation of Interest) of the Facility Agreement shall be deleted in its entirety and replaced with the following: “(ii) is more than 27.0%, the rate of interest for that Loan for that Interest Period shall be deemed to be 27.0%.”
2.3 Clause 22.2(a) (Leverage Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following:
Request for Amendment. During the term of this Agreement, LADWp shall have the right to request an Amendment to change the terms of this Agreement, including changes in the services to be performed by the Consultant, extension of the term, and any Increase or decrease in the amount of compensation authorized in Article 4,1 of this Agreement. LADWP shall make a formal written request with respect to the Amendment. -
Request for Amendment. 2.1 In accordance with Clause 38.1 (Required Consents) of the Facility Agreement, the Company hereby requests the consent of the Majority Lenders to the following amendment to the Facility Agreement:
2.2 Clause 20.2(a) (Interest Cover Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following: “On each Quarter Date, the Interest Cover Ratio shall not be less than:
(i) in respect of any Relevant Period, beginning with the Relevant Period ending 31 March 2024 and up to and including the Relevant Period ending 31 December 2024, 2.25:1; and
(ii) in respect of any Relevant Period thereafter, 2.50:1.”
2.3 Clause 20.2(b) (Leverage Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following: “On each Quarter Date, the Leverage Ratio in respect of any Relevant Period shall not be greater than 4.75:1.”
Request for Amendment. 2.1 In accordance with Clause 38.1 (Required Consents) of the Facility Agreement, the Company hereby requests the consent of the Majority Lenders to the following amendment to the Facility Agreement:
2.2 Clause 20.2(a) (Interest Cover Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following: “On each Quarter Date, the Interest Cover Ratio:
(i) in respect of any Relevant Period ending up to and including 31 December 2023 shall not be less than 2.75:1; and
(ii) in respect of any Relevant Period thereafter shall not be less than 2.50:1.”
Request for Amendment. Contractor may make a written request for an amendment to PEA; but no communication from Contractor shall constitute an amendment unless it results in a mutual written amendment in compliance with Section 17.a.
