Variations to Project Shares Sample Clauses

Variations to Project Shares. If, at the end of a Financial Year, a Project Participant has failed to make available to the Centre a Contribution which has been allocated to a Project by the Governing Board, the Governing Board may, if it deems appropriate, adjust the Project Share of the defaulting Project Participant as at 1 July of the following Financial Year and the adjusted Project Share will apply to that following Financial Year. In adjusting any Project Share of a Project Participant under this clause, the Governing Board will determine the proportion that the unavailable Contribution bears to the total Contributions made by or allocated to Project Participants up to the most recent 30 June. The Board will value non-cash contributions in accordance with clause 18.2(g). For the avoidance of doubt, the Company's Project Share will not be adjusted under this clause.
Sample 1
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Variations to Project Shares. 27.1If the Project Contributions contributed by one or more Parties during the Project differ from that specified in the Project Details, each Party’s Project Share will be recalculated by the Company in accordance with the following formula as at the end of the Project:
Sample 1

Related to Variations to Project Shares

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  • Construction Change Directives 7.3.1 A Construction Change Directive is written order prepared by the Architect and signed by the Owner and Architect, directing a change in the Work and stating a proposed basis for adjustment, if any, in the Contract Sum, or Contract Time, or both. The Owner may by Construction Change Directive, without invalidating the Contract, order changes in the Work within the general scope of the Contract consisting of additions, deletions or other revisions, the Contract Sum and Contract Time being adjusting accordingly.

  • Schedule for Completing Agreement Closeout Activities Provide All Draft and Final Written Products on a CD-ROM or USB memory stick, organized by the tasks in the Agreement. Products: • Final Meeting Agreement Summary (if applicable) • Schedule for Completing Agreement Closeout Activities • All Draft and Final Written Products

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