Modifications and Amendments Permitted Sample Clauses

The "Modifications and Amendments Permitted" clause defines the conditions under which changes to the agreement can be made after it has been executed. Typically, this clause requires that any alterations, whether additions, deletions, or revisions, must be agreed upon by all parties and documented in writing, often with signatures from authorized representatives. By establishing a clear process for making changes, the clause ensures that all parties are aware of and consent to any modifications, thereby preventing misunderstandings and disputes over unauthorized or informal amendments.
Modifications and Amendments Permitted. (a) This Master Indenture and the rights and obligations of the Authority, the City, the Owners of the Bonds and the Trustee may be modified, amended or waived from time to time and at any time by a Supplemental Indenture, which the Authority, the City and the Trustee may enter into with the written consent of the Required Bond Owners, which shall have been filed with the Trustee. No such modification, amendment or waiver shall (i) extend the fixed maturity of any Bonds, or reduce the amount of principal thereof or the rate of interest thereon, or extend the time of payment, without the written consent of the Owner of each Bond so affected (provided that, with respect to the Series 2023_ Bonds, only the consent of the Purchasers shall be necessary to change the definition of the Default Rate or to waive any obligation of the Authority to pay interest at the Default Rate in all cases other than a payment default); (ii) permit the creation of any lien or security interest on the Base Rental Payments, other Lease Revenues and other Collateral pledged under this Master Indenture and the other Collateral Documents prior to or on a parity with the lien and security interest created by this Master Indenture and the other Collateral Documents or deprive the Owners of the Bonds of the lien and security interest created by this Master Indenture and the other Collateral Documents on such Base Rental Payments, other Lease Revenues and other Collateral (except as expressly provided in this Master Indenture and the other Collateral Documents), without the written consent of the Owners of all the Bonds then Outstanding; (iii) modify or amend this Section 9.01 or the definition of “Required Bond Owners” without the prior written consent of the Owners of all the Bonds then Outstanding; (iv) change any provisions in this Master Indenture or the Accounts Agreement in a manner that would alter the pro rata sharing of payments or the flow of funds provisions required hereunder and thereunder without, in each case, the written consent of the Owners directly affected thereby; (v) release all or substantially all the Collateral from the liens and security interests created by this Master Indenture and the other Collateral Documents without the written consent of the Owners of all the Bonds then Outstanding (other than in connection with any sale of the applicable Collateral permitted by the Collateral Documents, including without limitation, any substitution or release of Additio...
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Related to Modifications and Amendments Permitted

  • Modifications and Amendments The terms and provisions of this Agreement may be modified or amended only by written agreement executed by all parties hereto.

  • Amendments, Modifications and Waivers No amendment, modification or waiver in respect of this Agreement shall be effective against any party unless it shall be in writing and signed by Parent, the Company and Stockholder.

  • Alterations and Amendments This Agreement, applicable fees and service charges may be altered or amended by the Service from time to time. In such event, the Service shall provide notice to you. Any use of the Service after the Service provides you a notice of change will constitute your agreement to such change(s). Further, the Service may, from time to time, revise or update the applications, services, and/or related material, which may render all such prior versions obsolete. Consequently, the Service reserves the right to terminate this Agreement as to all such prior versions of the applications, services, and/or related material and limit access to only the Service's more recent revisions and updates. In addition, as part of the Service, you agree to receive all legally required notifications via electronic means.

  • Modifications, Amendments and Waivers This Agreement may not be modified or amended, or any provision thereof waived, except in a writing signed by all the parties to this Agreement.

  • Modification and Amendments If a Fund shall determine that the coverage required by Rule 17g-1 for the Fund has changed, or that the amount of the total coverage allocated to the Fund should otherwise by modified, it shall so notify the other Funds and shall set forth the modification which it believes to be appropriate, and the proposed treatment of any increase in or return of premium paid to the insurance company. Within 60 days after such notice, the Funds shall seek the approvals required by Rule 17g-1, and if the approvals are obtained, shall effect an amendment to this Agreement and the bond. Any Fund may terminate this Agreement (except with respect to losses occurring prior to such withdrawal) by giving at least 60 days’ written notice to the other Funds and to the Commission before the effective date of such termination. The Fund terminating the Agreement shall thereafter be removed as a named insured under the bond in accordance with Rule 17g-1 and the Fund shall be entitled to receive a pro rata portion of any return of premium paid to the insurance company.