Common use of Consultations and Modifications Clause in Contracts

Consultations and Modifications. 1. If any difficulties in the implementation or interpretation of this Implementing Arrangement arise, either Competent Authority may request consultations to develop appropriate measures to ensure that this Implementing Arrangement is fulfilled. 2. This Implementing Arrangement may be modified by written consent of the Competent Authorities. Unless otherwise decided upon, such a modification is effective on the first day of the month following the expiration of a period of one month after the date of the later of the signatures of such written consent or the date of the later of the notifications exchanged for purposes of such written consent.

Appears in 1 contract

Sources: Implementing Arrangement

Consultations and Modifications. 1. If any difficulties in the implementation or interpretation of this Implementing Arrangement arise, either Competent Authority may request consultations to develop appropriate measures to ensure that this Implementing Arrangement is fulfilled. 2. This Implementing Arrangement may be modified by written consent of the Competent Authorities. Unless otherwise decided uponconfirmed by the Competent Authorities, such a modification is effective on the first day of the month following the expiration of a period of one month after the date of the later of the signatures of such written consent or the date of the later of the notifications exchanged for purposes of such written consent.

Appears in 1 contract

Sources: Arrangement on Automatic Exchange of Financial Account Information