Amendment Required Clause Samples

The 'Amendment Required' clause establishes that any changes or modifications to the agreement must be made through a formal amendment process. Typically, this means that both parties must agree to the changes in writing, often requiring signatures from authorized representatives. This clause ensures that the terms of the contract cannot be altered informally or unilaterally, thereby protecting both parties from misunderstandings or unauthorized changes.
Amendment Required. Notwithstanding any provision of Florida law providing a different procedure, the School will submit to the Sponsor an application to amend this Charter before the School may: • Increase the number of students it will admit. • Materially alter its curriculum or course offerings from that set forth in this Charter. [Amended Stipulation, June 28, 2000, II.2.(b)(viii]]
Amendment Required. Credit may only be reallocated from or within the Subject Development pursuant to an amendment to this Agreement (the “Amendment”), which shall be subject to the following conditions: (1) The entity that executed the original of the Agreement with Chandler, or the entity’s legal successor in interest, and the entity that currently owns and/or controls the Subject Development must be parties to the request for reallocation and signatories to the Amendment; and (2) The reallocation shall not change the value of any credit already issued for the Subject Development.
Amendment Required. Notwithstanding any provision of Florida law providing a different procedure, the School will submit to the Sponsor an application to amend this Agreement for any change in the provisions of this Agreement unless the Agreement specifically provides for the change without the need for an amendment.
Amendment Required. If Option 1: If Option 2:
Amendment Required. Any alterations, variations, modifications, or waivers of the provisions of this Agreement shall only be valid when they have been reduced to writing as an amendment to this Agreement, approved by the parties respective Boards by resolution and signed by the individual authorized to bind each party.
Amendment Required. The Parties acknowledge that an amendment to this Agreement will be required as a condition of CITY’s approval of the necessary applications to replat and rezone, as applicable, Lot 1 and Outlot A into developable lots if this Agreement is not rescinded by the Parties and replaced with a subsequent subdivision agreement. Such amendment may include, but shall not be limited to, (i) incorporation of a subsequent developer for that part of the Development Area platted as Outlot A as of the effective date of this Agreement and assignment of DEVELOPER’s obligations, as applicable, to such subsequent developer, (ii) incorporation of a sanitary and improvement district formed within the boundary of the Development Area, assignment of DEVELOPER’s obligations, as applicable, to such sanitary and sewer improvement district, the addition of any other necessary terms to account for the incorporation of a sanitary and improvement district, (iii) the modification and supplementation of the Public Improvements identified in Section 2(A), (iv) identification of the Sanitary Sewer Governing Body, (v) identification of the Public Water Governing Body, (vi) modification of the apportionment of costs identified in Section 5, (vii) identification of Capital Facilities Charges, if applicable, and (viii) modification and supplementation of the Other Obligations contained within this section as deemed necessary by CITY to account for the circumstances and CITY’s promotion of public health, safety, and welfare at the time of rezoning and replatting.

Related to Amendment Required

  • Consent Required The affirmative vote, approval, consent or ratification of the Manager shall be required to: (1) alter the primary purposes of the Company as set forth in Section 2; (2) issue economic interests in the Company to any Person and admit such Person as a member; (3) do any act in contravention of this Agreement or any resolution of the members, or cause the Company to engage in any business not authorized by the Certificate or the terms of this Agreement or that which would make it impossible to carry on the usual course of business of the Company; (4) enter into or amend any agreement which provides for the management of the business or affairs of the Company by a person other than the Manager; (5) change or reorganize the Company into any other legal form; (6) amend this Agreement; (7) approve a merger or consolidation with another person; (8) sell all or substantially all of the assets of the Company; (9) change the status of the Company from one in which management is vested in the Manager to one in which management is vested in the members or in any other manager, other than as may be delegated to the Board and the officers hereunder; (10) possess any Company property or assign the rights of the Company in specific Company property for other than a Company purpose; (11) operate the Company in such a manner that the Company becomes an “investment company” for purposes of the Investment Company Act of 1940; (12) except as otherwise provided or contemplated herein, enter into any agreement to acquire property or services from any person who is a director or officer of the Company; (13) settle any litigation or arbitration with any third party, any Member, or any affiliate of any Member, except for any litigation or arbitration brought or defended in the ordinary course of business where the present value of the total settlement amount or damages will not exceed $5,000,000; (14) materially change any of the tax reporting positions or elections of the Company; (15) make or commit to any expenditures which, individually or in the aggregate, exceed or are reasonably expected to exceed the Company’s total budget (as approved by the Manager) by the greater of 5% of such budget or Five Million Dollars ($5,000,000); or (16) make or incur any secured or unsecured indebtedness which, individually or in the aggregate, exceeds Five Million Dollars ($5,000,000), provided that this restriction shall not apply to (i) any refinancing of or amendment to existing indebtedness which does not increase total borrowing, (ii) any indebtedness to (or guarantee of indebtedness of) any company controlled by or under common control with the Company (“Intercompany Indebtedness”), (iii) the pledge of any assets to support any otherwise permissible indebtedness of the Company or any Intercompany Indebtedness or (iv) indebtedness necessary to finance a transaction or purchase approved by the Manager.

  • Definitions; Consent Required The term "Utility Installations" is used in this Lease to refer to all air lines, power panels, electrical distribution, security, fire protection systems, communications systems, lighting fixtures, heating, ventilating and air conditioning equipment, plumbing, and fencing in, on or about the Premises. The term "Trade Fixtures" shall mean Lessee's machinery and equipment which can be removed without doing material damage to the Premises. The term "Alterations" shall mean any modification of the improvements on the Premises which are provided by Lessor under the terms of this Lease, other than Utility Installations or Trade Fixtures. "Lessee-Owned Alterations and/or Utility Installations" are defined as Alterations and/or Utility Installations made by Lessee that are not yet owned by Lessor pursuant to Paragraph 7.4(a). Lessee shall not make nor cause to be made any Alterations or Utility Installations in, on, under or about the Premises without Lessor's prior written consent. Lessee may, however, make non-structural Utility Installations to the interior of the Premises (excluding the roof) without Lessor's consent but upon notice to Lessor, so long as they are not visible from the outside of the Premises, do not involve puncturing, relocating or removing the roof or any existing walls, or changing or interfering with the fire sprinkler or fire detection systems and the cumulative cost thereof during the term of this Lease as extended does not exceed $2,500.00.