Alteration and Termination Sample Clauses

The "Alteration and Termination" clause defines the conditions under which a contract or agreement may be modified or ended by the parties involved. Typically, this clause outlines the procedures for making changes to the terms, such as requiring written consent from all parties, and specifies the circumstances or notice periods necessary for terminating the agreement. Its core practical function is to provide a clear framework for managing changes or ending the contractual relationship, thereby reducing uncertainty and potential disputes.
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Alteration and Termination. 10.1 If the circumstances change so as to materially influence the performance of the Agreement, the Parties can alter this Agreement through consultation and consensus. 10.2 Party A shall terminate the Agreement provided that: (1) Party B can not meet the employment requirement during the probation period in accordance with the decision of Party A; (2) Due to sickness or non-working-related injury, Party B can not continue to work after the expiration of the sick leave stipulated in the Labor Regulation; (3) Parties can not perform their obligations under this Agreement due to the material change of the circumstances and Parties can not reach consensus in respect of the stipulations and the conditions of the Agreement. 10.3 If Party A terminates the Agreement pursuant to section (2) and (3) of Article 10.2, Party A shall give written one (1) months' prior notice to Party B or pay Party B with one(1) months' salary instead of such notice. 10.4 Party A shall terminate the Agreement, if Party B: (1) deceit during the course of job-hunting; (2) without the consent of Party A, remove the assets of Party A or steal commercial and technology information contained in the confidential clause; (3) lead to material loss of Party A regardless of intentionally or negligently; (4) materially violate the employee manual or other regulations; (5) possess, steal or remove the assets of Party A or other employees; (6) provide service to other employer without the permission from Party A; (7) disclose or reveal any technology, documents or exclusive information of Party A to any other person or entity; (8) materially violate the stipulation of this Agreement. If Party B is dismissed by virtue of the reasons above, Party A shall not pay Party B with any compensation. 10.5 If Party B intents to terminate the Agreement with reasonable ground, it shall make written notice to Party A at less one (1) month in advance for such termination, or pay Party A with one(1) months' salary instead of such notice. 10.6 The Agreement shall terminate at once, if: (a) Party B is under custody or liable for criminal liability; or (b) Party A is no long in operation.
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Alteration and Termination. 1Both Parties may, through discussion and upon agreement, alter the terms and conditions hereof, with relevant written documents signed by and between both Parties accordingly. The signed amendment to the Contract or the signed supplementary contract constitutes an integral part hereof, and shall carry the same legal effect as this Contract.
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Alteration and Termination. No alteration of this Agreement may be of any effect or force except with a written instrument signed by Party A and Party B and with the approval of the original examination and approval authority. If either party materially breaches this Agreement, the other party shall be entitled to terminate this Agreement upon approval of the original examination and approval authority.
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Alteration and Termination. 5.1 After this contract becomes effective, neither alteration nor termination shall be made by any Party hereto without the other Party's prior written consent. 5.2 Party A shall not assign this Contract or any of its rights and obligations hereunder to any third party. 5.3 In the event of any merger, division, management contracts, shareholding system reform or other changes to either party hereto, the changed party shall succeed the rights and obligations of this Contract.
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Alteration and Termination. 8.1 If the borrower or the lender needs to modify or terminate this agreement, both parties shall notify the other in written statement and sign a written paper through negotiation. 8.2 If the borrower intends to transfer the liability under this agreement to the third party, the written consent of lender is required. This agreement remains valid until the transferee and the lender sign a new loan agreement. 8.3 If the borrower needs to apply for the extension, he shall send a written application to the lender 30 days prior to the due date. 8.4 If the guarantor breaches the Guarantee Agreement, the lender is entitled to terminate this agreement even before it expires. 8.5 if the following circumstance happens, the loan shall become due ahead of schedule and the lender is entitled to stop issuing loan and take back part of or the total amount of loan that has lent to the borrower. If the lender fails to take back the repayment, the loan shall be in default, and the lender is entitled to charge interests and fine for loan in default. (1) The borrower or guarantor undergoes temporary halt, dissolution, winding-up or business license gets revoked withdrawn or nullified; relationship of administrative subordination changes etc; (2) The financial conditions of the guarantor deteriorate or his guarantee capability becomes obviously insufficient due to other reasons which may affect the guarantor’s capability to undertake guarantee responsibility effectively and completely; (3) The borrower or guarantor involves in material litigation or arbitration; (4) The financial conditions of the borrower or guarantor deteriorate or the borrower or the guarantor loses his business credibility. (5) The borrower or guarantor is suspected to violate laws, regulations or rules. (6) The value of guarantee decreases significantly or ownership disputes occur, or it is sealed, frozen or detained by judicial or administrative organs; (7) The borrower or guarantor transfers main assets or provide guarantee that may affect his repayment capability; (8) The borrower fails to deposit the amount not less than due interest in the account described in Article 3.1
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Alteration and Termination. Each party wishing to alter or terminate this agreement shall do so by giving three months notice in writing. • This agreement shall operate from 3 April 2007. This Agreement shall be effective on the date written above and shall remain in effect to and including 31st March 2008 provided that the parties may in writing mutually agree to extend this agreement.
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Alteration and Termination. (1) Within the valid period of the agreement, in case the following circumstances occur, Party A shall have the right to demand Party B to rectify and improve immediately. Party A shall have the right to unilaterally terminate the agreement as the case maybe and demand Party B to bear the corresponding responsibility; 1. There lie acts of breaching the relevant law, regulations and policy when Party B conducts the cooperation business. 2. ▇▇▇▇▇ B severely breaches the stipulations of the agreement and relevant stipulations specified by Party A. 3. There lie acts that Party B issues the subject taking \its key figures and interest concerned parties as the financier. Under the request of the adjudication, order and demand of judiciary authorities and administrative authorities, Party A has the right to notify Party B immediately in written format and unilaterally terminate the agreement and do not bear any responsibilities. (1) Except otherwise agreed upon in the agreement, if either party breaches the stipulations of this agreement, and fails to make corrections within 30 days after the receipt of written notice of the non-breaching party, the non-breaching party shall have the right to terminate the agreement. (2) Party A shall occasionally evaluate the business risk. If the risk is too high, Party A shall have the right to suspend the business and even terminates the agreement. All the losses caused thereto shall be borne by Party B.
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Alteration and Termination 
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Related to Alteration and Termination

  • Modification and Termination No agreement to modify, amend, extend, supersede, terminate, or discharge this Settlement Agreement, or any portion thereof, is valid or enforceable unless it is in writing and signed by all Parties to this Settlement Agreement.

  • Expiration and Termination This Agreement is for one academic year (August 1, 2018 through July 31, 2019) and will automatically renew for the following academic year unless terminated as indicated below by either party. a. Any party may terminate this Agreement by written notice to the other at any time if that other party: (i.) commits a breach of this Agreement and, has not yet remedied the breach within 14 days of being notified of the facts and circumstances giving rise to the breach; or

  • Duration and Termination This Agreement shall become effective with respect to each Fund as of the corresponding effective date indicated in Appendix A and, unless sooner terminated with respect to a Fund as provided herein, shall continue in effect for a period of two years as to such Fund. Thereafter, if not terminated, this Agreement shall continue in effect with respect to the Fund for successive periods of 12 months, provided such continuance is specifically approved at least annually by both (a) the vote of a majority of the Trust’s Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund at the time outstanding and entitled to vote, and (b) the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the purpose of voting on such approval. Notwithstanding the foregoing, this Agreement may be terminated by the Trust at any time as to a Fund, without the payment of any penalty, upon giving the Advisor 60 days’ notice (which notice may be waived by the Advisor), provided that such termination by the Trust shall be directed or approved (x) by the vote of a majority of the Trustees of the Trust in office at the time or by the vote of the holders of a majority of the voting securities of the Fund at the time outstanding and entitled to vote, or (y) by the Advisor on 60 days’ written notice (which notice may be waived by the Trust). This Agreement will also immediately terminate in the event of its assignment. (As used in this Agreement, the terms “majority of the outstanding voting securities,” “interested person” and “assignment” shall have the same meanings of such terms in the 1940 Act.)

  • Term, Duration and Termination This Agreement shall become effective with respect to each Fund as of the date first written above (the "Effective Date") (or, if a particular Fund is not in existence on such date, on the earlier of the date an amendment to Schedule A to this Agreement relating to that Fund is executed or the Distributor begins providing services under this Agreement with respect to such Fund) and, unless sooner terminated as provided herein, shall continue for a two year period following the Effective Date. Thereafter, if not terminated, this Agreement shall continue with respect to a particular Fund automatically for successive one-year terms, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable without penalty with 60 days' prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust, or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," "interested persons" and "

  • TERM, MODIFICATION AND TERMINATION OF AGREEMENT This Agreement with respect to the Fund shall continue in effect until the expiration date set forth on Schedule A (the “Expiration Date”). With regard to the Operating Expense Limits, the Trust’s Board of Trustees and the Adviser may terminate or modify this Agreement prior to the Expiration Date only by mutual written consent. This Agreement shall terminate automatically upon the termination of the Advisory Agreement; provided, however, that the obligation of the Trust to reimburse the Adviser with respect to a Fund shall survive the termination of this Agreement unless the Trust and the Adviser agree otherwise.