Procedure for amendments to Appendix 1 Sample Clauses

The "Procedure for amendments to Appendix 1" clause defines the formal process by which changes can be made to Appendix 1 of the agreement. Typically, this clause outlines who has the authority to propose amendments, the method for submitting proposed changes (such as written notice), and any required approvals or consents from the parties involved. For example, it may require both parties to agree in writing before any amendment becomes effective. The core function of this clause is to ensure that modifications to Appendix 1 are handled in an orderly, transparent manner, preventing unauthorized or unilateral changes and maintaining the integrity of the agreement.
Procedure for amendments to Appendix 1. (a) The party who wishes to amend Appendix 1 shall notify the other party of any such proposed change and the date from which it proposes that such change will have effect: (i) in the case of changes coming into effect on the Subsidiary4th Change Date, before 1 November in the preceding year; or (ii) in the case of changes coming into effect on the Principal4th Change Date, before 1 April in the same year. (b) Any notice under sub-paragraph 16.2(a) shall specify as far as possible that party’s proposed amendments to Appendix 1. Promptly following the service of any such notice the parties shall endeavour to agree whether Appendix 1 should be amended in accordance with this paragraph 16 and if so the amendments. (c) If the parties fail to reach agreement within 90 days after service of the relevant notice, the matter shall be referred for expert determination in accordance with Part D of the Access Dispute Resolution Rules save that: (i) the parties shall each request that the expert’s determination in writing is delivered to the parties no later than 56 days after the date of referral of the matter to the expert, and that the expert establishes such rules and procedures for the conduct of the determination as he sees fit having regard to that timescale; and (ii) each of the parties shall abide by the rules and procedures established by the expert. (d) Any amendment to Appendix 1 shall take effect only when it has been approved by the Regulator under section 22 of the Act. Accordingly, as soon as reasonably practicable after any such amendment is agreed or determined in accordance with this paragraph 16, the parties shall use all reasonable endeavours to ensure that the Regulator is furnished with such amendment and sufficient information and evidence as he shall require to determine whether or not to approve the amendment. (e) Any amendment to Appendix 1 shall apply with effect from the Summer Change Date or the Winter Change Date, as the case may be.
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Related to Procedure for amendments to Appendix 1

  • Amendments to Agreement This Agreement, or any term thereof, may be changed or waived only by written amendment signed by the party against whom enforcement of such change or waiver is sought. For special cases, the parties hereto may amend such procedures set forth herein as may be appropriate or practical under the circumstances, and Ultimus may conclusively assume that any special procedure which has been approved by the Trust does not conflict with or violate any requirements of its Declaration of Trust or then current prospectuses, or any rule, regulation or requirement of any regulatory body.

  • Amendments to Section 1 1. Section 1.1 of the Existing Credit Agreement is hereby amended by inserting the following definitions in such Section in the appropriate alphabetical sequence:

  • Amendments to Section 1.1 (a) Section 1.1 of the Credit Agreement is hereby amended by inserting the following new defined terms therein in the proper alphabetical order:

  • Amendments to Section 2 (a) Section 2.16(a) of the Credit Agreement is hereby amended to read in its entirety as follows:

  • Amendments to Section 6 03. Section 6.03(d) of the Existing Credit Agreement is hereby amended in its entirety to read as follows: