Revised Development Plan Sample Clauses
The Revised Development Plan clause outlines the process for updating or modifying an existing development plan within an agreement. Typically, this clause specifies the circumstances under which a development plan may be revised, such as changes in project scope, timelines, or deliverables, and details the procedures for submitting, reviewing, and approving such revisions. Its core practical function is to provide a structured mechanism for adapting the development plan to evolving project needs, thereby ensuring flexibility while maintaining clear communication and mutual agreement between the parties involved.
Revised Development Plan. OPIC shall have received a revised Development Plan, in form and substance satisfactory to OPIC.
Revised Development Plan. No later than December 31, 2002, CORPORATION shall provide to NYU a revised written Development Plan, reasonably acceptable to NYU, which shall include as milestones: (a) the commencement of clinical trials of a Licensed Product in the U.S. or Europe by June 30, 2003; (b) the receipt of approval to market such Products in at least the U.S. and Europe by December 31, 2009; and (c) detailed milestones for each intermediate year.
Revised Development Plan. The redevelopment of the Additional Property as a winegrape vineyard shall be conducted in accordance with, and ▇▇▇▇▇▇ agrees to comply with the requirements and take the actions which are set forth in, the "Three Year Development Plan" attached hereto as EXHIBIT 2. As of the Effective Date, the term "Development Plan" as used in the Original Agreement shall mean the Three Year Development Plan attached hereto as EXHIBIT 2 together with the original Development Plan attached to the Original Agreement as Exhibit B.
Revised Development Plan. That any Default which might already have occurred, and which might occur on or prior to the date (the "Waiver Expiry Date") which is the earlier to occur ------------------ of (a) February 21, 1997 and (b) the date on which the Banks accept the revised Development Plan as set forth below, in either such case pursuant to the terms and conditions of clause (b) of Section 1.8 of the Loan Agreement and arising ---------- ----------- out of the failure to modify the Development Plan as currently in effect (being the version thereof referred to in the definition of such term contained in Section 1.1 of the Loan Agreement as originally executed) as a result any delay ----------- in the construction and operation of the Mine due to events arising prior to the date of this letter agreement be waived. For the avoidance of doubt such waiver shall expire on the Waiver Expiry Date and each of the Obligors acknowledges and undertakes the obligation to deliver to the Banks the proposed modified Development Plan on or prior to January 31, 1997 (and in addition each of the Obligors hereby undertakes to deliver to the Banks on or prior to December 31, 1996 a plan in reasonable detail relating to the expected schedule of development (and levels of Production) at the Mine for the period up until the end of the Project Period. Such proposed modified Development Plan shall contain (a) assumptions (including assumptions reflecting a reduction in the volume of sodium cyanide required for the leaching of oxide ores (but not sulphide ores) in the amount of 35% from the levels contained in the Development Plan as currently in effect) and (b) projections illustrating compliance for all periods in the future by the Borrower with the provisions of the Loan Agreement (including Section 8.2.4 thereof), in each such case in a form and substance ------------- reasonably satisfactory to the Independent Consultant and all the Banks. The Banks shall determine whether or not the proposed revised Development Plan is in a form acceptable to them by February 21, 1997.