Examples of Material Change Proposal in a sentence
COMPANY will give written notice to EI as to the results of such evaluation ("Material Change Proposal") within five (5) business days following receipt of that Material Change Request, unless otherwise agreed to by EI.
If EI does not receive a Material Change Proposal in response to the applicable Material Change Request within five (5) business days, the Material Change Request is deemed accepted.
In the event that the Material Change Proposal establishes that COMPANY's performance Of the Service in compliance with the applicable Material Change Request would materially, and adversely impact COMPANY resources and revenues, the parties agree to negotiate in good faith to reach mutually agreeable terms for the performance of, and payment for the Services requested under the Material Change Request.
In this paragraph, the expressions "Material Change Proposal" and "Major Change Proposal" shall have the same meaning as in the Station Access Conditions for the Stations, as amended from time to time.
Given that Condition C4.2 envisages that the information may be of an outline or generic nature, a Material Change Proposal seeking outline or ‘in principle’ approval only (perhaps in order to raise funding before the expense of drawing up full plans for the scheme is incurred), is likely almost always to be rejected on the grounds that the information is incomplete, meaning that its full impact cannot be assessed.
Where the Material Change Consultee is a franchisee, the parties anticipate that the Co-operation Agreements (and the indemnities contained therein) will be transferred to a successor operator in the event of a franchise expiring or terminating during the Material Change Proposal implementation period.
Outline consent: One of the grounds for objection that has been tabled is that the information to consider the Material Change Proposal is incomplete or inaccurate.
Outline consent: Condition C4.2 envisages that the information may be of an outline or generic nature and that accordingly a Material Change Proposal may comprise outline or generic details only.
If the consultee is Network Rail, it may as a condition of its acceptance of a Material Change Proposal, require that an APA and (where the proposer is a third party), a property agreement is entered into with the Proposer.
That authority be delegated to the Head of Property and Regeneration to negotiate and agree the terms of any required licence to do works, land exchange agreements and transfers of land required to give effect to the Material Change Proposal.