Common use of Amendments to the Documents Clause in Contracts

Amendments to the Documents. The Documents may each be amended by the OIX Board from time to time, and Member agrees to abide by the terms thereof as amended, provided, that any amendment to the Documents that would materially and potentially adversely affect Member's rights and obligations shall not bind Member until thirty days' from the date that notice of such action is given to Member. For this purpose, it is agreed that OIX may provide effective notice of amendments to the OIX Policies by posting updated versions of the OIX Policies on its website. Amendments shall have prospective effect only. Member shall be bound by each such a duly adopted amendment unless it elects to terminate its Membership and its participation in OIX prior to the effective date of any such amendment.

Amendments to the Documents. The Documents may each be amended by the OIX Board from time to time, and Member Participant agrees to abide by the terms thereof as amended, provided, that any amendment to the Documents that would materially and potentially adversely affect MemberParticipant's rights and obligations shall not bind Member Participant until thirty days' from the date that notice of such action is given to MemberParticipant. For this purpose, it is agreed that OIX may provide effective notice of amendments to the OIX Policies by posting updated versions of the OIX Policies on its website. Amendments shall have prospective effect only. Member Participant shall be bound by each such a duly adopted amendment unless it elects to terminate its Membership and its participation in OIX this Participant Agreement prior to the effective date of any such amendment.