Examples of Low Value in a sentence
This Low Value Grant Agreement (hereinafter referred to as the “Agreement”) is made between the United Nations Development Programme, a subsidiary organ of the United Nations established by the General Assembly of the United Nations (hereinafter “UNDP”), and the Recipient Institution named in block 2 of the Face Sheet (the “Recipient Institution,” and together with UNDP, the “Parties”).
This Low Value Performance-Based Payment Agreement (hereinafter referred to as the “Agreement”) is made between the United Nations Development Programme, a subsidiary organ of the United Nations established by the General Assembly of the United Nations (hereinafter “UNDP”), and the Responsible Party named in Block 2 of the Face Sheet (the “Responsible Party,” and together with UNDP, the “Parties”).
Any dispute concerning any matter referred to in this Section 2 (Low Value Changes) may be referred by either party to the Dispute Resolution Procedure.
If the Low Value Change is of a type listed in the Catalogue, the cost of carrying out that Low Value Change shall not exceed the relevant Catalogue Price and the time period for implementing the Low Value Change shall not exceed the relevant time specified in the Catalogue.
No changes shall be made to this Agreement or any Project Document as a result of a Low Value Change, unless otherwise agreed between the parties.