Examples of Development Change in a sentence
These situations are referred to in this Disclosure Document as "New Development," "Change of Ownership," “Re-licensing,” and "Conversion," respectively.
These situations are referred to in this Disclosure Document as "New Development," "Change of Ownership," “Re-licensing”, and "Conversion," respectively.
Where a party identifies a potential Development Change, that party may present the potential Development Change to the other party in a form, and with such supporting information, as it considers to be appropriate to the nature and complexity of the potential Development Change.
Following the issue of a Development Change Record Confirmation, the parties will promptly proceed with implementation of the applicable Development Change on the terms set out in the applicable Development Change Record Confirmation.
If an objection is resolved, then following such resolution, the parties will record the terms of the Development Change (the “Development Change Record Confirmation”), and such Development Change Record Confirmation will be signed on behalf of the parties.
If, within 5 Business Days after receipt of a Development Change Record, the Authority’s Design and Construction Representative objects in writing to the Development Change Record on the basis that it is not an accurate representation of the parties’ agreement, the parties will meet to discuss the Development Change and attempt to resolve the objection.
Where there is no objection to a proposed Development Change within the 5 Business Day period specified in Section 6.3 of this Schedule, the Development Change Record will become the Development Change Record Confirmation.
The parties agree that a failure to reach agreement with respect to a proposed Development Change pursuant to the procedure set out in this Section 6 shall not constitute a Dispute, and shall not be referred for resolution to the Dispute Resolution Procedure.
If an objection cannot be resolved, then the proposed Change will be deemed not to be a Development Change and will not be implemented by the parties; provided that either the Authority or Project Co will be permitted to pursue such Development Change in accordance with the Change process in accordance with this Schedule.
Within 30 days after the issuance of the 95% construction documents pursuant to Section 5.2(b)(3) (Design Process) of Schedule 2 [Design and Construction Protocols], the Authority will prepare and deliver to Project Co a consolidated Change Certificate encompassing all of the agreed Development Changes, as set out in the applicable Development Change Registers.