MODIFICATIONS TO THE PRINCIPAL AGREEMENT Clause Samples

The "Modifications to the Principal Agreement" clause defines the process and requirements for making changes to the main contract between the parties. Typically, this clause specifies that any amendments, additions, or deletions to the agreement must be made in writing and signed by all parties involved, ensuring that informal or verbal changes are not considered valid. Its core practical function is to maintain clarity and prevent disputes by ensuring that all modifications are formally documented and mutually agreed upon.
MODIFICATIONS TO THE PRINCIPAL AGREEMENT. A. The ETBA on its own behalf or on behalf of an area ECA may apply to a Local Union affiliated with the IBEW/IBEW-CCO to agree to amend the Principal Agreement which amendments will apply to any of the following: 1. The kind of work performed, which could be all of the work performed under the jurisdiction of the Principal Agreement or a specified kind of that work. 2. The market in which it is performed which will be a specific segment of a sector of the construction industry. 3. The location of the work, which could be work performed in all of the affiliated Lo- cal Union’s geographic jurisdiction or a specified portion of it. B. The application may seek only amendments that concern the following matters: 1. Wages, including overtime pay and shift differentials. 2. Accommodation and travel allowance. 3. Requirements respecting the ratio of Ap- prentices to Journeypersons employed by an employer, subject to the Ontario Col- lege of Trades and Apprenticeship Act or any successor legislation thereto. 4. Hours of work and work schedules. C. The application shall be in writing and shall in- clude the following: 1. Scope of the application identifying rele- vant kind, market and location of work as outlined in para. A 1-3. 2. Submissions the applicant believes to be relevant in determining the question of whether the provisions of the Principal Agreement render employers bound by the Principal Agreement at a significant competitive disadvantage with respect to any of the matters referred to in the ap- plication. 3. Text of amendments applied for under para. B 1-4. 1. The affiliated Local Union affected by the application and the IBEW/IBEW-CCO shall be served with the application. 2. The ETBA and the IBEW/IBEW CCO shall provide notice of the application to all other area ECAs and IBEW Local Unions respectively, for information purposes on- ly.
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MODIFICATIONS TO THE PRINCIPAL AGREEMENT. A. The ETBA on its own behalf or on behalf of an area ECA may apply to a Local Union affiliated with the IBEW/IBEW-CCO to agree to amend the Principal Agreement which amendments will apply to any of the following: 1. The kind of work performed, which could be all of the work performed under the jurisdiction of the Principal Agreement or a specified kind of that work. 2. The market in which it is performed which will be a specific segment of a sector of the construction industry. 3. The location of the work, which could be work performed in all of the affiliated Lo- cal Union’s geographic jurisdiction or a specified portion of it. B. The application may seek only amendments that concern the following matters: 1. Wages, including overtime pay and shift differentials. 2. Accommodation and travel allowance. 3. Requirements respecting the ratio of Ap- prentices to Journeypersons employed by an employer, subject to the Ontario Col- lege of Trades and Apprenticeship Act or any successor legislation thereto.
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Related to MODIFICATIONS TO THE PRINCIPAL AGREEMENT

  • Modifications to Loan Agreement 1 The Loan Agreement shall be amended by deleting the following text appearing as Section 7.9 (Subordinated Debt) thereof:

  • Modifications to the Agreement This Agreement constitutes the entire understanding of the parties on the subjects covered. The Employee expressly warrants that he or she is not executing this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company.

  • Amendments to the Loan Agreement As of the date of this Amendment, the Loan Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example: bold and double-underlined text) as set forth on the pages of the Loan Agreement attached as Appendix A hereto.

  • Amendment, Modification and Supplement Upon amendment, modification and supplement of this agreement shall be subject to the written agreement executed by each party.

  • Modifications to Loan Documents Except as otherwise provided in Section 9.02(b) or 9.02(c) with respect to this Agreement, the Administrative Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Loan Documents; provided that, without the prior consent of each Lender, the Administrative Agent shall not (except as provided herein or in the Security Documents) release all or substantially all of the Collateral or otherwise terminate all or substantially all of the Liens under any Security Document providing for collateral security, agree to additional obligations being secured by all or substantially all of such collateral security, or alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Security Documents with respect to all or substantially all of the Collateral, except that no such consent shall be required, and the Administrative Agent is hereby authorized, to release any Lien covering property that is the subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders have consented.