High Value Changes definition

High Value Changes means a Change which is not a Low Value Change or a Medium Value Change, and which is likely to either cost more than £[200,000] (indexed) to implement, or require an adjustment to the Unitary Charge that is greater than [2]% of the maximum [Annual Unitary Charge] (as the case may be);
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High Value Changes means a Change which is not a Low Value Change or a Medium Value Change, and which is likely either
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High Value Changes means a Change which is not a Low Value Change or a Medium Value Change, and which is likely to either cost more than EUR 300,000 (indexed) to implement, or require an adjustment to the Services Payment that is greater than 1% of the maximum Base Service Fee in the relevant Contract Year (as the case may be);
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Examples of High Value Changes in a sentence

  • It is acknowledged that High Value Changes (particularly where they involve a change to the Works or the Facilities) may require authorisation from the insurers under the Required Insurances.

  • For the purposes of this Section 4 (High Value Changes), Approval Criteria means the criteria against which any Stage 1 Approved Project is to be judged by the Authority in determining whether it achieves Stage 2 Approval.

  • The parties may agree written protocols with express reference to this Section 4 (High Value Changes) which explain or clarify any aspects of the High Value Change approval procedure set out in this Section 4 (High Value Changes) and such protocols shall be read as if incorporated into this Section 4 (High Value Changes) (including accelerated procedures with reduced requirements for High Value Changes of relatively low values).

  • High Value Changes The Authority has the right to propose High Value Changes in accordance with this Part 4.

  • Except as otherwise expressly provided, any dispute concerning any matter referred to in this Section 4 (High Value Changes) may be referred by either party to the Dispute Resolution Procedure.

  • The Parties may agree written protocols with express reference to this Part 4 which explain or clarify any aspects of the High Value Change approval procedure set out in this Part 4 and such protocols shall be read as if incorporated into this Part 4 (including accelerated procedures with reduced requirements for High Value Changes of relatively low values).

  • If the Authority approves a High Value Change Proposal (including any revised High Value Change Proposal resubmitted pursuant to paragraph 3.5 of this Section 4 (High Value Changes)), then it shall be a "Stage 1 Approved Project" or be referred to as having received "Stage 1 Approval", as the context requires.

  • Any and all information and other input or feedback provided by the Authority to Project Co will be without warranty and will be provided without prejudice to the Authority’s rights under this Section 4 (High Value Changes).

  • Any and all information and other input or feedback provided by the Authority to Project Co, unless expressly stated otherwise by the Authority, will be without warranty and will be provided without prejudice to the Authority’s rights under this Section 4 (High Value Changes).

  • The Authority may, at any time, give notice in writing to Project Co that it proposes to cancel a High Value Change without completing the process set out in this Section 4 (High Value Changes) in which case the Authority must pay Project Co the Incurred Change Management Fee in respect of the cancelled High Value Change with the Calculation Date being the date of such notice.


More Definitions of High Value Changes

High Value Changes means a Change which is not listed in the Catalogue and which:
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