Ratification and Amendment Clause Samples
The Ratification and Amendment clause establishes the procedures by which a contract or agreement is formally approved and how changes to its terms can be made after execution. Typically, this clause outlines the requirements for ratification, such as signatures from authorized representatives, and specifies the process for making amendments, often requiring written consent from all parties involved. Its core function is to ensure that the agreement is legally binding only after proper approval and that any modifications are made transparently and with mutual consent, thereby preventing unauthorized or unilateral changes.
Ratification and Amendment. This Agreement shall become effective when ratified by the Board and Association and signed by authorized representatives thereof and may be amended or modified during its term only with mutual consent of both parties.
Ratification and Amendment. This Agreement shall become effective when ratified by the Village Board and the bargaining unit membership and signed by the authorized representatives thereof and may be amended only by written mutual agreement of both parties. Each party warrants to the other to take all steps necessary to insure that the terms hereof are binding on themselves and their successors.
Ratification and Amendment. No amendment or modification of this agreement during its term shall be effective unless reduced to writing and agreed to, ratified and signed by a representative of the Union and either the City Manager or the Human Resources Division Manager.
Ratification and Amendment. This Agreement will become effective when ratified by the Union (first) and approved by the University’s Associate Vice President of Human Resources or designee (second), and may be amended or modified during its term only with mutual written consent of both parties.
Ratification and Amendment. Upon ratification first by the Union and then by the Fire District Board of Trustees, this Agreement shall become effective.
Ratification and Amendment. This Agreement was ratified on May 15, 1985, and amended effective July 1, 1987, and further amended effective July 1, 1992, by a majority vote of the Support Personnel of the ▇▇▇▇▇▇ Public Schools and by a majority vote of the ▇▇▇▇▇▇ Board of Education and shall remain in effect on a year-to-year basis unless terminated at the end of any given school year by a majority vote of either the Support Personnel Staff or the ▇▇▇▇▇▇ Board of Education. A. Amendments to this Agreement may be proposed at any time. Proposed amendments must be submitted to the Council for consideration. A proposed amendment that has been accepted by a two-thirds majority vote of the total membership of the Council shall be presented for a vote by the Support Personnel of the district. Upon approval by the Support Personnel, the proposed amendment shall be presented to the ▇▇▇▇▇▇ Board of Education for consideration and adoption. Adoption Date: 8/3/98 Revision Date(s): 09/19/19 Page 7 of 7
Ratification and Amendment. Borrower (a) agrees, ratifies and confirms that each of the Credit Documents (as defined in the Existing Agreement), including but not limited to those documents listed on Schedule 1 hereto, to which it is a party remains in full force and effect, and after giving effect to this Agreement and the Credit Agreement, is a valid and binding obligation of the Borrower, enforceable in accordance with its terms, (b) represents and warrants that each representation and warranty in each Credit Document is true, correct and complete as of the date hereof, except those representations and warranties that speak to a specific date or are modified by the Credit Agreement, and (c) agree that each reference in each Credit Document to the Existing Agreement shall mean the Credit Agreement.
Ratification and Amendment. The parties to the Employment Agreement hereby reaffirm and modify the Employment Agreement and hereby ratify all existing terms of the Employment Agreement and also amend the provisions of the Employment Agreement to provide that upon the occurrence of a Triggering Event (as defined herein), the sum of One Million One Hundred Twenty-Five Thousand Dollars ($1,125,000) (the "Contract Payment") shall be paid to the Chairman.
Ratification and Amendment. Granite Re and Goran Bermuda hereby reaffirm and modify the Consulting Agreement, and hereby ratify all existing terms of the Consulting Agreement and also amend the provisions of the Consulting Agreement to provide that, upon the occurrence of a Triggering Event (as defined herein), the sum of One Million Eight Hundred Seventy-Five Thousand Dollars ($1,875,000) (the "Contract Payment") shall be paid to Goran Bermuda.
Ratification and Amendment. Acquiror and Contributor hereby ratify and confirm all of the terms and provisions of all of the Contribution Agreements and agree that the terms and provisions of the Contribution Agreements remain in full force and effect without modification or amendment, except as is otherwise expressly set forth in all of (a) this Amendment, (b) that certain Fourth Amendment and Exhibit Acknowledgement to Master Formation and Contribution Agreement, dated as of November 9, 2007 (“Fourth Amendment to Master Agreement”), and (c) that certain Second Amendment and Exhibit Acknowledgement to Master Formation and Contribution Agreement, dated December 9, 2006.