Need for modification Sample Clauses

The "Need for modification" clause establishes the conditions under which changes to an agreement or contract may be required. Typically, this clause outlines the process for proposing, reviewing, and approving modifications, such as requiring written consent from all parties or specifying who has the authority to initiate changes. Its core practical function is to provide a clear and orderly mechanism for updating the agreement when circumstances change, thereby preventing misunderstandings and disputes over unauthorized or informal alterations.
Need for modification. A notice given by the Office of Rail and Road under Clause 10.1 shall have effect if it is satisfied on reasonable grounds that either or both of the following conditions has been satisfied: 10.3.1 the modification in question is or is likely to be reasonably required in order to promote or achieve the objectives specified in section 4 of the Act; and 10.3.2 the interests of any relevant person or persons would be unfairly prejudiced if the modification in question were not made, and the need to avoid or remedy such unfair prejudice outweighs or is likely to outweigh any prejudice which will or is likely to be sustained by any other relevant person or persons if the modification is made, having due regard to the need to enable relevant persons to plan the future of their businesses with a reasonable degree of assurance.
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Related to Need for modification

  • Amendment or Modification This Agreement may be amended or modified from time to time only by the written agreement of all the Parties. Each such instrument shall be reduced to writing and shall be designated on its face as an amendment to this Agreement.

  • Waiver or Modification Any waiver, modification, or amendment of any provision of this Agreement shall be effective only if in writing in a document that specifically refers to this Agreement and such document is signed by the parties hereto.

  • Severability; Modification All provisions of this Agreement are severable from one another, and the unenforceability or invalidity of any provision of this Agreement shall not affect the validity or enforceability of the remaining provisions of this Agreement, but such remaining provisions shall be interpreted and construed in such a manner as to carry out fully the intention of the parties. Should any judicial body interpreting this Agreement deem any provision of this Agreement to be unreasonably broad in time, territory, scope or otherwise, it is the intent and desire of the parties that such judicial body, to the greatest extent possible, reduce the breadth of such provision to the maximum legally allowable parameters rather than deeming such provision totally unenforceable or invalid.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

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