Amendment to the MOU Sample Clauses

Amendment to the MOU. The obligations of the and CWC have been outlined in this MOU. However, during the operation of the MOU, circumstances may arise which call for alteration or modifications of this MOU. These modifications / alterations will be mutually discussed and agreed upon in writing.

Amendment to the MOU. The Parties may amend the provision herein or enter into supplementary arrangements by mutual agreement between the Parties through exchange of letters.

Amendment to the MOU. No amendment or modification of this MOU shall be valid unless the same is recommended in writing by the PSC / PMC constituted specifically stating the same to be an amendment of this MOU. Power to make such amendment / modification / addendum rests only with Executive Director, CHT. The modifications / changes shall be effective from the date on which they are made / executed, unless otherwise agreed to.

Amendment to the MOU. 1.1 Name Clause in respect of the ‘Other Shareholders’ of the MOU shall be deleted and shall be replaced with the following: “All the existing shareholders of MMPL as provided in Annexure A, hereinafter, collectively are referred to as “Other Shareholders” which expression shall unless it be repugnant to the context or meaning thereof, be deemed to mean and include their respective heirs, successors, legal representatives, administrators and permitted assigns of the FIFTH PART” 1.2 Clause 3.1 of the MOU shall be deleted and shall be replaced with the following: “On and from the earlier of (a) the expiry of 18 (eighteen) months from the First Closing Date or (b) the date on which Calpian infuses Initial Funding and Future Funding of upto U.S.D. 10,800,000 (U.S. Dollars Ten Million Eight Hundred Thousand) in accordance with the SSSHA, Parties hereby agree and undertake that Calpian has an option to merge Company into MMPL if and when the Indian regulations permit the foreign direct investment into the business activities into which MMPL is involved (such status would be referred to as “Merger Status”). When Calpian opts for such merger, subject to the approval of the Government Authority, if required, the Parties shall forthwith cause the merger of the Company into MMPL. To determine whether the Merger Status has been achieved or not, every 6 (six) months from the date hereof, Parties shall in good faith review the Merger Status. Subject to conditions stated above, Calpian shall have the right to exercise the option for the merger at any time within a period of 6 (six) years from the First Closing Date.” 1.3 Clause 5.1.1 of the MOU shall be deleted and shall be replaced with the following: “Subscription of 2.9048% (two point nine thousand forty eight percentage) of the paid up equity capital of MMPL (merged entity), on a fully diluted basis, for a payment of USD 1,737,736 (U.S. Dollars One million seven hundred thirty seven thousand and seven hundred thirty six) to MMPL through appropriate banking channels prescribed under Applicable Law; and The aforesaid assumption is based on the fact that the shareholding of Calpian in MMPL (merged entity) on the Effective Date is 48.0952% in merged entity. Accordingly, Calpian in order to attain 51% of MMPL (merged entity) has to acquire 2.9048%. The subscription cost for 2.9048% is USD 1,737,736 (U.S. Dollars one million seven hundred thirty seven thousand and seven hundred thirty six). In the event, the shareholding o...

Amendment to the MOU. 1) The MOU may be amended any time by the Parties. 2) Any amendment to the MOU must be made in writing.

Amendment to the MOU. The obligation of XYZ and NMCG have been outlined in this MOU. However, during the operation of the MOU, circumstances may arise which call for alteration or modifications of this MOU. These modifications/alterations will be mutually discussed and agreed upon in writing.

Amendment to the MOU. 10.1 This MOU may be amended by mutual consent between the participants at any time. Amendments will only come into effect after completion of applicable internal procedures by the participants and written notification thereof.

Amendment to the MOU. This MOU may be amended only by a written instrument signed by the parties. The party proposing the amendment shall bear all costs of amendments to this MOU.

Amendment to the MOU. Any amendments to this MOU shall be dated, signed by both the Minister and the Chair and will form a part of this MOU.