Common use of Amendments, clarifications and modifications Clause in Contracts

Amendments, clarifications and modifications. 3.4.1 If the specification of the mould and/or the product is still incomplete at the time of formation of the respective Purchase Agreement and therefore requires to be amended from time to time, the parties shall jointly complete, amend and/or clarify any outstanding specification on the basis of the technical and economical requirements as already agreed. 3.4.2 Such completions, clarifications and/or modifications in accordance with Section 3.4.1 will include, but not be limited to (i) the accurate definition, description and presentation of the possible connection types for the electrical, hydraulic and pneumatic connections between the mould and the injection moulding machine and the accurate definition of all other interfaces between the injection moulding machine and moulds no later than on completion of the design drawings for the moulds and (ii) the definition of outstanding details of the testing procedure and the test parameters and their approval with the customer. 3.4.3 Without limiting the scope of the foregoing provisions of this Section 3.4, Purchaser will be entitled to require a change Specifications or other terms of the Purchase Agreement from time to time by Purchaser notifying Supplier thereof in writing. If any such change will cause an increase or decrease in the price or has an impact on the time of performance, or both, Supplier shall so advise Purchaser within one (1) week of receipt of the notice of change, and an equitable adjustment shall be made in the Price or the time schedule or both, and the adjustment shall be incorporated in a change order. If Supplier fails to so advise Purchaser within one (1) week, Purchaser´s notice to a change in the Specifications shall be deemed to be incorporated as part of the Purchase Agreement and shall supersede any inconsistent provision of, or be in addition to, the Specifications originally incorporated by reference in the Purchase Agreement and there shall be no corresponding change in price or time of performance.