Grantor Variation definition

Grantor Variation has the meaning given to it in Clause 19.1 (Grantor Variations);
Sample 1Sample 2Sample 3
Grantor Variation shall have the meaning ascribed to it in Clause 27.1 (Grantor Variation);
Sample 1
Grantor Variation has the meaning given in Article 35.1.1.
Sample 1

Examples of Grantor Variation in a sentence

  • The implementation of any Variation proposed by the Grantor, other than a Grantor Variation, shall be subject to agreement between the Developer and the Grantor on the price and timing of that Variation.

  • As soon as practicable after the Grantor receives the Developer's notice the Parties shall discuss and agree the estimated increase in the Developer's costs as set out in the Schedule of Task, including costs of construction or operation and maintenance costs and/or (if applicable), the loss of revenue, due to the breach, Qualifying Force Majeure Event, Prolonged Force Majeure Event, Grantor Variation, Qualifying Change of Law.

  • The Grantor shall indemnify the Developer for reasonable costs incurred in relation to any Grantor Variation which it has proposed and then withdrawn.

  • The Grantor's Representative may not confirm a Grantor Variation if it is agreed, or determined by the Expert, that the Developer was reasonably entitled to object to the Grantor Variation on one of the grounds specified in Clause 19.2(d).

  • The Developer shall, subject to the provisions of this clause, carry out with all diligence and complete within a reasonable period all work necessary to comply with an Grantor Variation and, as from completion of such work or (if earlier) expiry of such reasonable period, be bound by this Agreement as though that Variation were provided for in the Concession Specification.

  • As soon as practicable after the matters referred to in Clause 19.2 are agreed, or have been determined by the Expert pursuant to Clause 19.3, the Grantor's Representative shall either confirm the Grantor Variation (as modified under Clause 19.3, if applicable) or withdraw it.

  • User task 5: Musical instruments On average, the participants spent 9 seconds (SD = 8 seconds) to complete the task.The average time on task was very low because none of the participants entered information about musical instruments and therefore seemed to have not played any musical instruments.

  • A Grantor Variation that requires any capital expenditure shall give rise to an obligation on the Grantor to make an upfront lump sum payment or to provide to the benefit of the Developer a letter of credit equal to the Estimated Capital Cost, which terms and conditions are satisfactory for the Lenders.

  • A Grantor Variation that does not require any capital expenditure but will result in an increase of the Developer's operating costs shall be compensated either (at the Grantor’s option) through the Grantor making a lump sum payment equal to the Estimated Operating Cost or through the Grantor making annual payments to the Developer equal to the Estimated Operating Cost for any calendar year.

  • If the Grantor does not confirm the Grantor Variation within thirty days after agreement or determination it shall be deemed to have been withdrawn.


More Definitions of Grantor Variation

Grantor Variation has the meaning given in Article 35.1.1. "Grantor Event of Default" has the meaning given in Article 40.2. "Grantor Notice of Variation" has the meaning given in Article 35.1.1. "Grantor’s Representative" has the meaning given in Article 53.1. "Grantor's Step-In Right" has the meaning given in Article 42.
Sample 1
Grantor Variation means a Variation proposed by the Grantor pursuant to Clause 21;
Sample 1

Related to Grantor Variation

  • Service Variation has the meaning attributed to it in paragraph 7.1;

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • Security Agreement Supplement has the meaning specified in the Security Agreement.

  • Reaffirmation Agreement means that certain Reaffirmation Agreement, dated as of the date hereof, between the Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent and the Lenders and the other holders of the Secured Obligations.

  • Variation means a change which is instructed by the Engineer/Employer under Sub-Clause 10.1.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with the Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Borrowers and each of the Guarantors to Agent.

  • Supplemental Agreement means an agreement supplemental to this Agreement, substantially in the form set out in Schedule 1 to this Agreement to be entered into by the Secretary of State and the Company pursuant to which the Company agrees to establish and maintain, and to carry on or provide for the carrying on, and the Secretary of State agrees to fund, an Academy in accordance with the terms and conditions of that Supplemental Agreement and this Agreement;