Mandatory Variation definition

Mandatory Variation means any Variation necessitated by:
Mandatory Variation means a Variation which is required to this Agreement in order to implement changes falling into the following categories:
Mandatory Variation means any Material Variation or Minor Variation which is required to be made pursuant to any Change in Law, including any change in Group Standards; Master Definitions Agreement means the agreement entered into between (1) the Secretary of State (2) the Owner (3) the Depot SPC and (4) the Operator dated the same date hereof; Material Defect has the meaning given to it in clause 12.6(b)(i);

Examples of Mandatory Variation in a sentence

  • However, the parties shall, to the extent reasonably possible, seek to agree the most cost effective way and time of implementing such Mandatory Variation.

  • When any LOC Suspension Notice is given under Condition L8 or any Mandatory Variation Notice is given under this Condition L9, Network Rail shall promptly issue a further statement to the relevant Train Operator (with a copy to the Regulator) containing the revised Local Output Commitment applicable to that Train Operator, as varied by the terms of the relevant notice.

  • However the parties shall, to the extent reasonably possible, seek to agree the most cost effective way and time of implementing such Mandatory Variation.


More Definitions of Mandatory Variation

Mandatory Variation means any Variation in the scope of the Services which the Commissioner Participants are required to implement by reason of a change in Legislation or applicable health or social care guidance, direction, standard or requirement to which the Commissioner Participants have a duty to have regard;
Mandatory Variation means a Variation which is required in order to implement changes falling into the following Categories:
Mandatory Variation means a variation which is required to this Agreement in order to implement changes falling into the following categories: (a) a regulatory or other change mandated by the Department for Transport, the Rail Regulator, a taxation or other governmental agency; (b) any change which is to be implemented on a non-discriminatory industry-wide basis; or (c) any change required to bring the Clearance and Settlement provisions of this Agreement in line with the latest version of this Agreement being issued to a subsequent the Agent.
Mandatory Variation means a variation which is required to this Agreement in order to implement changes falling into the following categories: (a) a regulatory or other change mandated by the Department for Transport, the Rail Regulator, a taxation or other governmental agency; (b) any change which is to be implemented on a non-discriminatory industry-wide basis; or (c) any change required to bring the Clearance and Settlement provisions of this Agreement in line with the latest version of this Agreement being issued to a subsequent the Agent. G25.2 If ATOC and/or RSP introduce any Mandatory Variations, the Agent shall accept such changes and the Agent shall not be entitled to any payment or compensation in respect of such Mandatory Variations. However, the parties shall, to the extent reasonably possible, seek to agree the most cost effective way and time of implementing such Mandatory Variation.
Mandatory Variation means any change or variation to the Services necessitated by:
Mandatory Variation means any Variation in the scope of the Services which the Commissioner Partners are required to implement by reason of a change in Legislation or applicable health or social care guidance, direction, standard or requirement to which the Commissioner Partners have a duty to have regard;

Related to Mandatory Variation

  • Variation Procedure means the procedure set out in Clause 22.1 (Variation Procedure);

  • Variation Form means the form that will be completed and signed by the Parties to effect a Variation which shall be in the form set out in Framework Schedule 19 (Variation Form);

  • Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

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

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.