No Obligation to Amend Clause Samples

The "No Obligation to Amend" clause establishes that neither party is required to agree to any changes or modifications to the existing contract. In practice, this means that if one party proposes an amendment—such as altering payment terms or extending deadlines—the other party is not compelled to accept or negotiate those changes. This clause serves to protect both parties from being pressured into unwanted contract modifications, ensuring that the original agreement remains in force unless both sides voluntarily consent to amendments.
No Obligation to Amend. No Party shall be under any obligation to participate in the amendment of any term of any Governing Agreement and shall not have any liability to any other Party or Person in connection with any amendment to any term of any Governing Agreement that any Party or other Person determines is necessary to implement the terms of this Settlement Agreement.
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No Obligation to Amend. No Issuing Bank shall be under any obligation to amend any Letter of Credit if (A) the Issuing Bank would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.
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No Obligation to Amend. Citigroup shall not be under any obligation to participate in the amendment of any term of any Governing Agreement and shall not have any liability to the Accepting Trustees, the Settlement Trusts, any Investor in such Settlement Trusts, or any other Person in connection with any amendment to any term of any Governing Agreement that the Accepting Trustees, the Settlement Trusts, any Investor in such Settlement Trusts, or any other Person determines is necessary to implement the terms of this Settlement Agreement.
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No Obligation to Amend. The Target Companies are under no obligation to adopt, amend or maintain any Compensation and Benefit Plan or Retirement Plan, or any plan policy, program, agreement or arrangement which would be a Compensation and Benefit Plan and/or Retirement Plan if it existed on the date hereof. Nothing in this Agreement shall be treated as an amendment to any particular employee benefit plan of Purchaser or the Target Companies. 1. None of the Target Companies nor their Associated Persons nor former Associated Persons has:
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Related to No Obligation to Amend

  • No obligation to monitor No Finance Party is bound to monitor or verify the utilisation of the Facility.

  • No Obligation to Act The Agent shall not be obligated to do any of the acts or to exercise any of the powers authorized by Section 9-1 herein, but if the Agent elects to do any such act or to exercise any of such powers, it shall not be accountable for more than it actually receives as a result of such exercise of power, and shall not be responsible to the Borrower for any act or omission to act except for any act or omission to act as to which there is a final determination made in a judicial proceeding (in which proceeding the Agent has had an opportunity to be heard) which determination includes a specific finding that the subject act or omission to act had been grossly negligent or in actual bad faith.

  • No Obligation to Mitigate The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor, except as set forth in Section 4(d), shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination, or otherwise.

  • No Obligation to Pursue Others Bank has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Bank may release, modify or waive any collateral provided by any other Person to secure any of the Obligations, all without affecting Bank’s rights against Borrower. Borrower waives any right it may have to require Bank to pursue any other Person for any of the Obligations.

  • No Obligation to Register The Company shall be under no obligation to register the Restricted Shares pursuant to the Securities Act or any other federal or state securities laws.