CONFIRMATION, TERMINATION, AMENDMENT AND GOVERNING LAW Clause Samples

The 'Confirmation, Termination, Amendment and Governing Law' clause defines the procedures and rules for confirming agreements, ending contractual relationships, making changes to the contract, and determining which jurisdiction’s laws apply. In practice, this clause outlines how parties formally acknowledge the contract, the steps required to terminate or modify the agreement, and specifies the legal framework that governs any disputes or interpretations. Its core function is to provide clear guidance on managing the contract’s lifecycle and to reduce uncertainty by establishing the applicable legal standards and processes for changes or disputes.
CONFIRMATION, TERMINATION, AMENDMENT AND GOVERNING LAW. PacifiCorp agrees to confirm its continuing obligation hereunder in writing upon the reasonable request of (and at the expense of) ▇▇▇▇▇▇▇▇, Administrative Agent, the Lenders or any of their respective successors, transferees or assigns. No termination, amendment, variation or waiver of any provisions of this Consent shall be effective unless in writing and executed by the parties hereto. This Consent shall be governed by the laws of the State of New York (without giving effect to the principles thereof relating to conflicts of law except Section 5-1401 and 5-1402 of the New York General Obligations Law).
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  • Duration, Termination and Amendment (a) This Agreement shall be effective on the date set forth above, and unless terminated as provided herein, shall continue for two years from its effective date, and thereafter from year to year, provided such continuance is approved annually (i) by vote of a majority of the Trustees or by the vote of a majority of the outstanding voting securities of the Fund and (ii) by the vote of a majority of those Trustees who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time, without the payment of any penalty, as to each Fund (i) by vote of a majority of those Trustees who are not parties to this Agreement or interested persons of any such party or (ii) by vote of a majority of the outstanding voting securities of the Fund, or by the Distributor, on at least sixty (60) days prior written notice. This Agreement shall automatically terminate without the payment of any penalty in the event of its assignment. As used in this paragraph, the terms “vote of a majority of the outstanding voting securities,” “assignment,” “affiliated person” and “interested person” shall have the respective meanings specified in the 1940 Act. (b) No provision of this Agreement may be changed, waived, discharged or terminated except by an instrument in writing signed by both parties.