Contract Amendments and Modifications Clause Samples

The Contract Amendments and Modifications clause defines the process by which changes to the original contract can be made after it has been executed. Typically, this clause requires that any alterations, additions, or deletions to the contract terms must be agreed upon by all parties and documented in writing, often through a formal amendment signed by authorized representatives. By establishing a clear procedure for making changes, this clause ensures that all parties are aware of and consent to any modifications, thereby preventing misunderstandings and disputes over unauthorized or informal changes.
Contract Amendments and Modifications. Any terms and conditions varying from this Agreement on any order or written notification from either Party will not be effective or binding on the other Party. This Agreement may be amended or modified solely in a writing signed by an authorized representative of each Party
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Contract Amendments and Modifications. In performing its obligations hereunder, the Servicer may, acting in the name of the Issuer and the Trust and without the necessity of obtaining the prior consent of the Issuer, the Trustee, any Registered Pledgee, any Interest Rate Hedge Agreement or any Currency Hedge Counterparty, enter into and grant modifications, waivers and amendments to the terms of any Contract that would not reasonably be expected to have a material adverse affect, individually or in the aggregate, on the interests of any of the Issuer, the Indenture Trustee, the Administrative Agent, any Registered Pledgee, any Interest Rate Hedge Counterparty, any Currency Hedge Counterparty or the Noteholders in the Serviced Assets without the consent of each such affected party. Notwithstanding the foregoing provisions, the Servicer may: (1) permit the extension of the time for payment of any Contract Payment under any Contract, which in the Servicer’s sole discretion, in accordance with the same manner in which it services leases and equipment held for its own account, would maximize recoveries on any Contract and the related Equipment; provided that the Servicer shall make a Servicer Advance with respect to such extended Contract Payment(s) prior to the Determination Date related to the Collection Period during which the Servicer grants such permission to extend, provided, further, that no such extension may (i) decrease the lease rate or rental per item of Equipment payable thereunder, (ii) decrease the frequency of Contract Payments to less than once per calendar quarter, (iii) waive in total any Contract Payment due thereunder, or (iv) otherwise materially adversely affect the rights of the Trust, the Administrative Agent, the Indenture Trustee, any Registered Pledgee, the Issuer, any Noteholder, any Interest Rate Hedge Counterparty or any Currency Hedge Counterparty without the consent of each such affected party; and (2) permit termination of a Contract which does not otherwise provide for termination by requiring that the User pay to the Issuer, or that the Servicer pay to the Issuer, an amount not less than the Prepayment Amount. In the event of any modification, waiver or amendment of any Contract in accordance with this Section 3.02, the Servicer, on a monthly basis, in conjunction with the delivery of the Servicer Report, will furnish to the Issuer, the Trust, the Indenture Trustee, the Custodian, the Administrative Agent and each Registered Pledgee with a copy of such modificatio...
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Contract Amendments and Modifications. This Contract may only be amended or modified by a written instrument signed by the Parties.
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Contract Amendments and Modifications. The Agreement may be amended or modified solely in a writing signed by an authorized representative of each Party.
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Contract Amendments and Modifications. The parties to this Agreement may amend, extend, or otherwise modify the scope of services as described herein. However, any such modifications shall not be valid unless they are documented in writing, signed by all parties to this Agreement and remain subject to review and approval of the DDS in accordance with the provisions of Title 17, Section 58525 (Transportation Service Contract Amendments).
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Contract Amendments and Modifications. Any terms and conditions varying from the Agreement on any order or written notification from either Party will not be effective or binding on the other Party. The Agreement may be amended or modified solely in a writing signed by an authorized representative of each Party. In the case of Solectron, only the Senior Director of Finance or his designee will have contract signature authority and the authority to execute Change Orders, Work Orders, or other contract modifications that do not modify these GENERAL TERMS AND CONDITIONS. Any amendment of the Agreement that modifies these GENERAL TERMS AND CONDITIONS must also be approved in writing by each Party’s legal counsel.
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Related to Contract Amendments and Modifications

  • Amendments and Modifications Upon the written consent of the Company and the Holders of at least a majority in interest of the Registrable Securities at the time in question, compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived, or any of such provisions, covenants or conditions may be amended or modified; provided, however, that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder, solely in his, her or its capacity as a holder of the shares of capital stock of the Company, in a manner that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected. No course of dealing between any Holder or the Company and any other party hereto or any failure or delay on the part of a Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

  • Amendments and Modification This Agreement may not be modified, amended, altered or supplemented except upon the execution and delivery of a written agreement executed by the parties hereto.

  • Amendment and Modifications This Agreement may not be amended, modified or supplemented except by an instrument or instruments in writing signed by the party against whom enforcement of any such amendment, modification or supplement is sought.

  • Waiver and Modifications Any Party may (a) waive, in whole or in part, any inaccuracy of, or consent to the modification of, any representation or warranty made to it hereunder or in any document to be delivered pursuant hereto, (b) extend the time for the performance of any of the obligations or acts of the other Parties (c) waive or consent to the modification of any of the covenants herein contained for its benefit or waive or consent to the modification of any of the obligations of the other Parties hereto or (d) waive the fulfillment of any condition to its own obligations contained herein. No waiver or consent to the modifications of any of the provisions of this Agreement will be effective or binding unless made in writing and signed by the Party or Parties purporting to give the same and, unless otherwise provided, will be limited to the specific breach or condition waived. The rights and remedies of the Parties hereunder are cumulative and are in addition to, and not in substitution for, any other rights and remedies available at law or in equity or otherwise. No single or partial exercise by a Party of any right or remedy precludes or otherwise affects any further exercise of such right or remedy or the exercise of any other right or remedy to which that Party may be entitled. No waiver or partial waiver of any nature, in any one or more instances, will be deemed or construed a continued waiver of any condition or breach of any other term, representation or warranty in this Agreement.

  • Amendments; Modifications This Agreement may not be amended or modified except in a writing duly executed by authorized representatives of both Parties.