Amendment of Rules Clause Samples
The Amendment of Rules clause establishes the process by which the rules governing an agreement or organization can be changed or updated. Typically, this clause outlines who has the authority to propose amendments, the procedures for approval—such as requiring a majority or supermajority vote—and any notice requirements that must be met before changes take effect. Its core practical function is to provide a clear and orderly mechanism for adapting the rules to evolving circumstances, ensuring that all parties understand how modifications can be made and reducing the risk of disputes over unauthorized or unclear changes.
Amendment of Rules. Any and all matters, or questions, not specifically covered by the preceding rules and regulations shall be subject solely to the discretion of GISA. GISA shall have the power to interpret the preceding rules and regulations and all amendments of the foregoing rules shall bind the exhibitors.
Amendment of Rules. NYMEX shall amend its Rules to the extent necessary or appropriate to permit the procedures outlined in this Section 8.7 and to permit CME Members and NYMEX Members to participate in any procedures set forth in such Rules on the same basis. CME shall also amend its Rules to the extent necessary or appropriate to permit the procedures outlined in this Section 8.7.
Amendment of Rules. Allow the Developer or the Association, as the case may be, to make, amend or make such further and/or other rules than those contained in the Common Rules, regarding construction of the various parts of Complex, their enjoyment and other related issues.
Amendment of Rules. DIA reserves the right to make changes, amendments and additions to these terms and conditions, the Exhibitor Policies and Procedures, or other show requirements or rules at any time, and all changes, amendments, and additions so made shall be binding on the Exhibitor with the provision that all Exhibitors will be advised in writing of any such changes. Any matters not specifically covered are subject to the discretion of DIA.
Amendment of Rules. JAMS/ENDISPUTE may amend these Rules without notice. The Rules in effect on the date of the commencement of an Arbitration (as defined in Rule 5) will apply to that Arbitration, unless the Parties have specified that another version of the Rules will apply.
Amendment of Rules. The parties acknowledge that it may be appropriate for either party to make changes in the future to rules that relate to or may impact the arrangement set forth in this Agreement. The parties shall use reasonable efforts to discuss any such changes prior to implementation. The parties shall also use reasonable efforts to negotiate in good faith as to changes to shared rules. Notwithstanding any obligation to negotiate that may apply, (i) CME may in its discretion change any CME rules that directly relate to the CME Systems, the operation of Globex and the GCC generally, and all rules that directly relate to CME Globex Contracts, and (ii) NYMEX may in its discretion change any NYMEX rules that directly relate to the NYMEX Products, including the NYMEX Globex Contracts, subject to Section 6.8 with respect to changes to the CME Services or CME Systems that may be necessary to support such change. Notwithstanding the foregoing, at all times during the Term, CME and NYMEX shall maintain a rule for limitation of liability that limits liability to the other party equally with the party issuing the rule.
Amendment of Rules. The Product Group’s Rules may be amended upon a vote of more than two-thirds of the votes cast pursuant to both methods of voting.
Amendment of Rules. 1. Subject to point 2) below this Article, no modification of the Auction Rules shall take effect unless it is in writing and signed by the authorized representatives of both TSOs.
2. These Auction Rules are subject to the technical and legal conditions at the time of their publication on TSOs respective websites. If these conditions change materially, in particular due to legal requirements, action by authorities or Auction Rules imposed by the regulatory authority and/or agreements between the associations of the electricity industry at national or international level, or if the auctioning process is enhanced, the Rules will be amended. TSOs will publish such amendment on their respective websites after consulting with the Auction Participants and/or approval by the National Regulators in the relevant countries, if required by mandatory national regulation. Subject that the Auction Participants have not notified the Auction Operator within a period of 5 (five) business days upon the publication of these alterations in the TSOs respective websites of their will to terminate the Statement of Acceptance, such amended rules will be- come effective upon publication by the TSOs on their respective websites. The applicant hereby submits an application for participation in auctions for the allocation of cross-border transfer capacities, which are organized and implemented by Elektro-Slovenija,
Amendment of Rules. 13.1 Lendermarket may, in its sole and absolute discretion, update or amend these Rules from time to time to comply with law or to meet our changing business requirements. We may not always be able to give you advanced notice of such updates or amendments but we will always post them on the Platform so you can view them when you next log in.
13.2 By continuing to access the Platform, you agree to be bound by the terms of these Rules (as updated and amended, from time to time).
Amendment of Rules. SML reserves the right to at any time amend, cancel, add to or suspend all or any of the Rules and to make such other Rules, either in lieu of or in addition to the Rules existing at any time, as are, in the opinion of SML required for:
(a) the management, safety, care or cleanliness of the Markets;
(b) the preservation of good order in the Markets; or
(c) the convenience of the Occupiers and invitees in the Markets. Any amendment to the Rules will be binding on You when notice of the amendment is served on You by SML.