Amendment and Rescission Sample Clauses

The Amendment and Rescission clause defines the process by which the terms of an agreement can be changed or revoked after it has been executed. Typically, this clause requires that any modifications or cancellations to the contract be made in writing and agreed upon by all parties involved, ensuring that informal or unilateral changes are not valid. Its core practical function is to maintain clarity and mutual consent regarding any alterations to the agreement, thereby preventing disputes over unauthorized or misunderstood changes.
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Amendment and Rescission. Parties may amend or rescind this Agreement in writing under any of the following: a) This Agreement becomes unenforceable due to force majeure or the external reasons which no party has negligence but unavoidable. b) A party has forfeited the ability of performing this agreement. c) Breach of this agreement by a party or parties seriously damages the benefits of Non-defaulting Party and makes the performance of this Agreement become unnecessary. d) Both Parties agree to amend or rescind this agreement through negotiation under the change of actual circumstances.
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Amendment and Rescission. 10.1 A development agreement may be amended or rescinded as provided below. Requirements for hearings, notice, costs and filing and recording of the amendments and rescissions of development agreements shall be followed as provided in sections 7 and 8 above. 10.2 Modification categories (a) Minor Modification: Amendments that are de minimus changes or technical corrections, as determined by both the Commission and/or the Lead Community, may be made without following the notice and public hearing requirements provided in Sections 7 and 8 above. Such changes may be authorized by the Regulatory Committee of the Commission, a majority vote of the Board of Selectmen or for the Town of Barnstable by signature of its Town Manager, and endorsement of the Head of a State Agency.
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Amendment and Rescission. 5.1 This Agreement may be amended upon discussion and agreement between parties. 5.2 Any amendment to this Agreement should be made in writing and should become effective upon signing by the authorized representatives of both Parties and approval by the approval authority. 5.3 Parties may agree to terminate this Agreement. The provisions on dispute resolution should survive the termination of this Agreement.
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Amendment and Rescission. This Agreement may be amended or rescinded only by a writing signed by the parties making specific reference to this Agreement.
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Amendment and Rescission. 8.1 This Agreement may be amended upon discussion and agreement between parties.
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Amendment and Rescission. This Agreement may be amended or rescinded only by a writing signed by the parties making specific reference to this Agreement. SECTION J-- Choice Of Law, ARBITRATION AND CONSENT TO JURISDICTION This Agreement shall be governed by, and construed in accordance with, the laws of the State of Colorado, as such laws are applied to contracts entered into and performed in such State, without regard to the conflicts of law principles thereof. This Agreement and the Note shall also be subject to the arbitration and consent to jurisdiction provisions in Section 22 of the Employment Agreement, which are incorporated herein by reference as though fully set forth herein.
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Amendment and Rescission. Before the Target Company completes the change registration of the transfer of the Equity Interest, the Agreement may be changed or rescinded under any of the following circumstances: 1. If a Force Majeure Event or other unpreventable external event not contributed by fault of either Party causes the Agreement’s incapability to be performed, either Party may terminate the Agreement by notifying the other Party in writing. 2. Either party may terminate this Agreement by a written notice to the other Party in the event that the other party loses its ability to perform. 3. If the breach of one Party or both Parties has seriously affected the economic benefits of the non-breaching Party, making it unnecessary to perform this Agreement, the non-breaching Party may inform the other Party to terminate this Agreement in writing. 4. This Agreement may be modified or terminated upon the mutual consent due to changes in the circumstances.
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Amendment and Rescission. Any amendment to this Agreement must be made with mutual consent of the Parties and in writing. Except as otherwise permitted to unilaterally rescind this Agreement according to law or the provisions hereof, after entering into force, this Agreement may not be rescinded other than by agreement executed by the Parties through consultation.
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Related to Amendment and Rescission

  • Effect of Amendment and Restatement It is the intent of the parties hereto that this Agreement shall, as of the date hereof, replace in its entirety the Original Trust Agreement; provided, however, that with respect to the period of time from January 20, 2021 through the date hereof, the rights and obligations of the parties shall be governed by the Original Trust Agreement; and provided further, that the amendment and restatement of the Original Trust Agreement shall not affect any of the grants, conveyances or transfers contemplated by the Original Trust Agreement to have occurred prior to the date hereof.

  • Amendment and Restatement (a) The Credit Parties, the Administrative Agent, the Letter of Credit Issuer, the Swingline Lender and the Lenders hereby agree that upon the effectiveness of this Agreement, the terms and provisions of the Existing Debt Facility shall be and hereby are amended and restated in their entirety by the terms and conditions of this Agreement and the terms and provisions of the Existing Debt Facility, except as otherwise provided in this Agreement (including, without limitation, clause (b) of this Section 13.22), shall be superseded by this Agreement. (b) Notwithstanding the amendment and restatement of the Existing Debt Facility by this Agreement, the Credit Parties shall continue to be liable to each Indemnified Person with respect to agreements on their part under the Existing Debt Facility to indemnify and hold harmless such Indemnified Person from and against all claims, demands, liabilities, damages, losses, costs, charges and expenses to which the Administrative Agent and the Lenders may be subject arising in connection with the Existing Debt Facility. This Agreement is given as a substitution of, and not as a payment of, the obligations of the Credit Parties under the Existing Debt Facility and is not intended to constitute a novation of the Existing Debt Facility. (c) By execution of this Agreement all parties hereto agree that (i) each of the Security Documents and the other Credit Documents is hereby amended such that all references to the Existing Debt Facility and the Loans and Commitments thereunder shall be deemed to refer to this Agreement and the continuation of the Loans and Commitments hereunder, (ii) all obligations under the Guarantee and the Security Documents are reaffirmed and remain in full force and effect on a continuous basis after giving effect to this Agreement and (iii) all security interests and liens granted under the Security Documents are reaffirmed and shall continue and secure the Obligations hereunder and the obligations of the Guarantors under the Guarantee after giving effect to this Agreement.

  • Amendment and Restatement; No Novation (a) This Agreement constitutes an amendment and restatement of the Existing Credit Agreement effective from and after the Restatement Effective Date. The execution and delivery of this Agreement shall not constitute a novation of any Indebtedness or other Obligations owing to the Lenders or the Administrative Agent under the Existing Credit Agreement based on facts or events occurring or existing prior to the execution and delivery of this Agreement. On the Restatement Effective Date, the credit facilities described in the Existing Credit Agreement shall be amended, supplemented, modified and restated in their entirety by the facilities described herein, all loans and other obligations of the Borrower outstanding as of such date under the Existing Credit Agreement shall be deemed to be Loans and Obligations outstanding under the corresponding facilities described herein, without any further action by any Person, and participations in Letters of Credit and Swing Line Loans shall be deemed to be reallocated as are necessary in order that the outstanding balance of such participations, together with any Loans funded on the Restatement Effective Date, reflect the respective Commitments of the Lenders hereunder. (b) In connection with the foregoing, by signing this Agreement, each Loan Party hereby confirms that notwithstanding the effectiveness of this Agreement and the transactions contemplated hereby (i) the Obligations of such Loan Party under this Agreement and the other Loan Documents are entitled to the benefits of the guarantees and the security interests set forth or created herein and in the Collateral Documents, (ii) each Guarantor hereby confirms and ratifies its continuing unconditional obligations as Guarantor with respect to all of the Guaranteed Obligations, (iii) each Loan Document to which such Loan Party is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects and shall remain in full force and effect according to its terms and (iv) such Loan Party ratifies and confirms that all Liens granted, conveyed, or assigned to any Agent by such Person pursuant to any Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Obligations.

  • Modifications; Amendment This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation from the Rating Agencies shall be required in connection with a modification or amendment (i) to cure any ambiguity, to correct or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Servicing Agreement, (ii) entered into pursuant to Section 32 of this Agreement or (iii) to correct or supplement any provision herein that may be defective or inconsistent with any other provisions of this Agreement.

  • AMENDMENT AGREEMENT The Global Custody Agreement of January 3, 1994, (the “Custody Agreement”), as amended from time to time, by and between each of the Entities listed in Schedule A, as amended thereto, severally and not jointly (each such entity referred to hereinafter as the “Customer”) and JPMorgan Chase Bank, whose contracts have been assumed by JPMORGAN CHASE BANK (the “Bank”) is hereby further amended, as of July 21, 2010 (the “Amendment Agreement”). Terms defined in the Custody Agreement are used herein as therein defined.