Renewal and Amendment Clause Samples
The Renewal and Amendment clause outlines the procedures for extending the duration of an agreement and for making changes to its terms. Typically, this clause specifies whether renewals are automatic or require mutual consent, and it details the process for proposing and approving amendments, such as requiring written agreement by both parties. Its core function is to provide a clear framework for updating or continuing the contract, thereby preventing misunderstandings and ensuring that any modifications are formally agreed upon.
Renewal and Amendment. 2.3.1 No more than four (4) representatives of each of the Council and the Association shall meet at a mutually agreeable time before the 15th of October of every second year to discuss matters of concern to the parties, or at any other time at the mutual agreement of both parties.
2.3.2 At that meeting the representatives of the parties shall exchange proposals for amendments to this Agreement and shall begin discussion of the details of the proposed amendments. They shall meet as often as necessary to consider amendments to this Agreement as proposed by either party.
2.3.3 Amendments that are agreed to by the representatives of the parties shall be referred to the Council and to the Association for ratification.
2.3.4 Upon ratification by the Council and by the Association such amendments shall amend this Agreement and such amendments shall affect all persons governed by this Agreement.
2.3.5 Any amendment shall only take effect at the beginning of the following contract year unless both parties agree that it should take effect at another time.
2.3.6 In the event that either the Council or the Association fails to ratify an amendment within a reasonable time, the representatives of the parties shall reconvene within five (5) working days of the request of either party to attempt to resolve the matter.
2.3.7 Where no resolution of the matter occurs or where no ratification occurs prior to December 31, the status quo shall prevail.
2.3.8 Nothing in this Agreement shall preclude the parties from agreeing to an extension or change in deadlines or other conditions herein.
2.3.9 The Council shall publish and make available to the Association thirty (30) coiled printed copies of the amended Agreement for its executive and other members who use the Agreement on a regular basis. In addition, the Council shall provide every new member of the Association with a coiled print copy of the amended Agreement.
Renewal and Amendment. The Investment Counsel and the Fund hereby renew the Agreement, as amended above, for an additional term of one year, beginning November 1, 2024, and expiring October 31, 2025.
Renewal and Amendment. The Investment Counsel and the Fund hereby renew the Agreement for an additional term of one year, beginning November 1, 2002.
Renewal and Amendment. The Investment Counsel and the Fund hereby renew the Agreement for an additional term of one year, beginning August 1, 2001, and hereby amend the Agreement to provide that during any period of time that the Fund is being operated solely by the Trustees, without officers, all references to officers of the Fund or functions to be performed by one or more officers of the Fund shall be deemed to refer to the Board of Trustees of the Fund and such functions shall be performed by the Board of Trustees of the Fund acting as a Board, except to the extent that particular functions may be delegated to a single Trustee. Southeastern Asset Management, Inc. By: O. ▇▇▇▇▇ ▇▇▇▇▇▇▇, Chairman of the Board Longleaf Partners Small-Cap Fund By: ▇▇▇▇▇▇▇▇ ▇. Child,Trustee ADDENDUM TO INVESTMENT COUNSEL AGREEMENT AGREEMENT made in Boston, Massachusetts, this 31st day of May, 2001, between Longleaf Partners Realty Fund (the "Fund"), the third series of LONGLEAF PARTNERS FUNDS TRUST, a Massachusetts business trust, and SOUTHEASTERN ASSET MANAGEMENT, INC., a Tennessee corporation (hereinafter referred to as "the Investment Counsel."). In consideration of the mutual covenants herein made, the Fund and the Investment Counsel understand and agree as follows:
Renewal and Amendment. The Administrator and the Fund hereby renew the Agreement for an additional term of one year, beginning November 1, 2023, and ending October 31, 2024.
Renewal and Amendment. The Parties agree that the term of the Agreement, which is scheduled in the Agreement to end on June 30, 2020, is hereby extended for another year commencing immediately upon the expiration of the existing term and ending on June 30, 2021, with such renewal term to be upon and subject to all of the terms, provisions, and conditions of the Agreement except as modified in this Amendment. The District’s maximum indebtedness under this Amendment for the renewal period of July 1, 2020 through June 30, 2021 shall not exceed $120,750.00 for the services set forth in Exhibit 1 attached hereto and incorporated herein by this reference.
Renewal and Amendment. 2.3.1 Nothing in this Agreement shall preclude the parties from agreeing to an extension or change in deadlines or other conditions herein.
2.3.2 The board shall make available to the Association and its members an electronic copy of the amended Agreement.
Renewal and Amendment. A. The District and Provider hereby agree that the term of the Agreement, which is scheduled in the Agreement to end on June 30, 2020, is hereby extended commencing immediately upon the expiration of the existing term and ending on June 30, 2021, such renewal term to be upon and subject to all of the terms, provisions and conditions of the Agreement except as modified in this Amendment.
B. For the renewal period of July 1, 2020 through June 30, 2021, Attachment B of the Agreement is modified for the purpose to update the pricing as set forth in Attachment B-1 attached hereto and incorporated herein by this reference. If there is any conflict in the provisions between Attachment B and Attachment B-1, then attachment B-1 shall control.
C. For the renewal period of July 1, 2020 through June 30, 2021, Attachment C of the Agreement is deleted in its entirety and replaced with the Attachment C attached hereto and incorporated herein by this reference.
Renewal and Amendment. The Investment Counsel and the Fund hereby renew the Agreement for an additional term of one year, beginning August 1, 2001, and hereby amend the Agreement to provide that during any period of time that the Fund is being operated solely by the Trustees, without officers, all references to officers of the Fund or functions to be performed by one or more officers of the Fund shall be deemed to refer to the Board of Trustees of the Fund and such functions shall be performed by the Board of Trustees of the Fund acting as a Board, except to the extent that particular functions may be delegated to a single Trustee.