Substitution Request Sample Clauses
A Substitution Request clause allows one party to formally request the replacement of a person, product, or service specified in an agreement. Typically, this clause outlines the process for submitting a substitution request, including any required notice, justification, and approval procedures. For example, a contractor may request to substitute a team member or a supplier may propose an alternative product if the original is unavailable. The core function of this clause is to provide a structured mechanism for managing necessary changes without breaching the contract, ensuring flexibility while maintaining oversight and quality standards.
Substitution Request. Borrower hereby requests that the Multifamily Residential Property described in this Request be added to the Collateral Pool in connection with a substitution of Collateral in accordance with the terms of the Master Agreement. Following is the information required by the Master Agreement with respect to this Request:
Substitution Request. Developer shall include with each substitution request complete data which substantiates that the proposed substitution conforms to requirements of the Construction Documents.
Substitution Request. Any portion of the Additional Collateral Due Diligence Fees paid to Lender but not actually used by Lender to cover due diligence expenses shall be promptly refunded to Borrower. If the actual cost of due diligence expenses exceeds the Additional Collateral Due Diligence Fees, the Borrower shall promptly pay such excess cost.
Substitution Request. If the Account Party wishes to substitute one or more new Letters of Credit under Clause 5.1 (Request For Substitution), the Account Party shall give the Agent notice, by way of a duly signed and completed Substitution Request, no later than the date falling 30 Business Days prior to the proposed Substitution Date.