Amendments and Terminations Clause Samples
The Amendments and Terminations clause defines the procedures and conditions under which a contract can be modified or ended. Typically, this clause requires that any changes to the agreement, such as updates to terms or early termination, must be made in writing and agreed upon by all parties involved. For example, if one party wishes to alter payment terms or discontinue the relationship, this clause outlines the necessary steps to do so formally. Its core function is to ensure that any modifications or terminations are handled transparently and with mutual consent, thereby preventing misunderstandings and disputes.
Amendments and Terminations. Except as otherwise provided herein, this Agreement may be amended or modified by, and only by, a written instrument executed by Seller and Buyer.
Amendments and Terminations. 10.1 This Custodial Agreement may be amended by the Sponsor by submit- ting a copy of the amendment to the Participant and the Administrator. The Participant hereby delegates to the Sponsor the power to amend this Custodial Agreement and shall be deemed to have consented to any such amendment. Notwithstanding the above, no amendment shall be made by the Sponsor, which shall cause or permit:
(a) any part of the assets in the Account to be diverted to purposes other than for the exclusive benefit of the Participant or his Beneficiaries; or
(b) except as may be permitted under Section 7.17 herein, any part of such assets to revert to or become the property of the Employer; or
(c) any Participant, or his Beneficiary, to be deprived of any benefit to which he was entitled under the Account by reason of contributions made by the Employer prior to such amendment, unless such amendment is necessary either to conform the Account to, or to satisfy the condition of, any law, governmental regulation or ruling, or to permit the Account to meet the requirements; or
(d) any responsibilities of the Custodian and Sponsor under the Agreement to be increased without its written consent.
10.2 This Custodial Agreement shall terminate upon the complete distribution of the Custodial Account or in the event that a determination is made by the In- ternal Revenue Service that the Custodial Account does not satisfy the require- ments of Section 401(f)(2) of the Code. In event of termination as aforesaid, the balance in the Custodial Account shall be distributed to the Participants (or their respective surviving spouses or Beneficiaries, as the case may be) in accordance with their interests in the Custodial Account.
Amendments and Terminations. The Company shall, within 10 days after the date hereof, cause to be filed all of the amendments, termination statements and fixture filing terminations described in Part B of Schedule E to the Perfection Certificate delivered on the date hereof. SECURITY AGREEMENT
Amendments and Terminations. Credential may amend this Account Agreement at any time if Credential gives you notice of the amendment in writing. The first transaction in your Account following notification of an amendment to this Account Agreement will be considered to be your acceptance of the amendment as of the effective date set out in the notice. Credential may terminate this Account Agreement at any time without notice. You may terminate this Account Agreement at any time by giving Credential written notice but such termination will not affect any existing liabilities or indebtedness to Credential.
Amendments and Terminations. The Credit Union has the right to amend this agreement at any time by giving appropriate notice prior to the effective date of amendment. The Credit Union shall also have the right to terminate this account and to terminate all its liability hereunder by mailing a draft for the balance of the account to the address of any of the owners. (
Amendments and Terminations. Except as otherwise provided herein, this Agreement may be amended or modified by, and only by, a written instrument executed by ▇▇▇▇▇▇ and ▇▇▇▇▇.
Amendments and Terminations. We may change any term of this Agreement, which may include adding to them or deleting certain provisions entirely or partially. In addition, we will revise this Agreement from time to time to reflect these changes. Copies of the current Agreement will be available at any branch location or you can call ▇▇▇-▇▇▇-▇▇▇▇ or ▇▇▇-▇▇▇-▇▇▇▇ to request a new copy. We suggest that you keep any notification of changes to this Agreement along with the rest of your Montecito Bank & Trust account information. Rules governing changes in interest rates are provided separately. Unless otherwise required by law, we may amend this Agreement without prior notice to you. If we choose to notify you or are required by law to notify you of changes to this Agreement, we may mail or deliver a notice, a statement message, or an electronic message to you at the last address we have on file for you. We may also close this account at any time upon reasonable notice to you and tender of the account balance personally or by mail. Notice from us to any one of you is notice to all of you.
Amendments and Terminations. Prior to the Closing, the Caesars Parties shall (a) terminate the agreements set forth on Section 8.15(a) of the Growth Partners Disclosure Schedule and receive a binding release of all claims thereunder and (b) amend the agreements set forth on Section 8.15(b) of the Growth Partners Disclosure Schedule, in the manner set forth therein, in the case of each of clauses (a) and (b), in form and substance satisfactory to Growth Partners. The Caesars Parties shall provide Growth Partners satisfactory evidence thereof, together with a copy of all documents, agreements and instruments executed in connection therewith.
Amendments and Terminations. Except as otherwise provided herein, this Agreement may be amended or modified by, and only by, a written instrument executed by Option Grantor and Option Holder.
Amendments and Terminations. This Agreement shall remain in full force and effect from April until March and from year to year thereafter, except as hereinafter provided. If amendments are desired by either Party to become effective in the next ensuing year, the Party proposing such amendments shall give notice in writing to the other Party, not less than sixty (60) days, and not more than one hundred and twenty (120) days immediately prior to the expiry date of this Agreement. Inland Concrete Limited General Teamsters, Local Union No.