Amendment to Sub Clause Samples
The "Amendment to Sub" clause establishes the process and requirements for making changes to a subcontract agreement. Typically, this clause specifies that any modifications, additions, or deletions to the subcontract must be made in writing and agreed upon by both parties, ensuring that verbal agreements or informal changes are not enforceable. Its core practical function is to maintain clarity and prevent disputes by ensuring that all amendments are properly documented and mutually acknowledged.
Amendment to Sub. Servicing Agreement and the Pooling Agreement. --------------------------------------------------------------
(a) This Agreement may be amended from time to time by written agreement signed by the Master Servicer and the Sub-Servicer with the consent of the Certificate Insurer which consent shall not be unreasonably withheld or delayed.
(b) The Master Servicer hereby agrees that it shall not amend the Pooling Agreement without the prior written consent of the Sub-Servicer, which consent shall not be unreasonably withheld or delayed.
Amendment to Sub. Clause (a)(iii) of Annex I. Sub-Clause (a)(iii) of Annex I is hereby amended by deleting the reference to “Section 2” and substituting “Section 3” in lieu thereof.
Amendment to Sub section 6.1 (Cost Baseline) of Section 6 (Savings Initiative Requirements and Process) of Exhibit D (Pricing) to the Agreement. Sub-section 6.1 (Cost Baseline) of Section 6 (Savings Initiative Requirements and Process) of Exhibit D (Pricing) to the Agreement is hereby amended by replacing the phrase “2010 Fiscal Year Potential Management Fees with the following: “2010 Fiscal Year actual Management Fees”.
Amendment to Sub section 3.9 (c) (3) (Special Project Services Costs) of Exhibit D (Pricing) of the Agreement. Section 3.9 (c) (3) of Exhibit D of the Agreement is amended to add the following at the end of the section:
Amendment to Sub. Section 1.2(c). Effective as of June 30, 2015, Sub-Section 1.2(c) of the ANSI Consulting Services Agreement is hereby amended by deleting that Sub- Section in its entirety and replacing it with the following new Sub-Section 1.2(c):
Amendment to Sub section 3.4 (Potential Management Fee Rate) of Exhibit D (Pricing) of the Agreement. Sub-section 3.4 of Exhibit D of the Agreement is deleted and replaced in its entirety with the following: “Potential Management Fee Rate. The “Potential Management Fee Rate” shall be per the table below, and if the budgeted Managed Costs for any Fiscal Year are or have been increased based upon New Services, Changes or otherwise, the Potential Management Fee Rate will be adjusted as set forth below. Any such change in the Potential Management Fee Rate shall be prorated for purposes of calculating Base Management Fee, Management Fee at Risk, or Incentive Compensation for any partial Fiscal Year or Measurement Period applicable to the Management Fee based upon the effective date of the New Order or Change. Pursuant to the terms of Section 3 of Exhibit D (Provider Compensation) of the Agreement, Company shall pay Provider a minimum Potential Management Fee (“Fee Floor for Budget Tier”) for each Potential Management Fee Rate bracket as defined in the table below. The Potential Management Fee payout shall be equal to the greater of the Fee Floor for Budget Tier or the Budgeted Costs for a Fiscal Year multiplied by the Potential Management Fee Rate.” Less than $100,000,000 2.50 % $0 Equal to or greater than $100,000,000 and less than $150,000,000 2.25 % $2,500,000 Equal to or greater than $150,000,000 and less than $200,000,000 2.125 % $3,375,000 Equal to or greater than $200,000,000 and less than $250,000,000 2.00 % $4,250,000 Equal to or greater than $250,000,000 and less than $300,000,000 1.85 % $5,000,000 Equal to or greater than $300,000,000 1.70 % $5,550,000 2.5 Amendment to Sub-section 2.1_(Certain Definitions) of Exhibit D (Pricing) of the Agreement. Section 2.1 of Exhibit D of the Agreement is amended to add the following definitions at the end of the section: