Specification Amendment Clause Samples

A Specification Amendment clause defines the process by which changes or modifications to the technical or functional specifications of a product, service, or project can be made after the initial agreement. Typically, this clause outlines the requirements for proposing amendments, such as written notice, mutual consent, and documentation of the revised specifications. Its core practical function is to provide a structured and agreed-upon method for updating specifications, thereby ensuring both parties can adapt to evolving needs while minimizing disputes and maintaining project clarity.
Specification Amendment. The parties understand and agree that the Specification may be further amended following signature of this Agreement in accordance with the terms of this Clause 2.
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Specification Amendment. The Seller and Buyer understand and agree that the applicable Specifications may be amended following signature of this Agreement in accordance with the terms of this Clause 2.
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Specification Amendment. The Specification may be further amended following the execution of the Agreement in accordance with the terms of this Clause 2.2
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Specification Amendment. The parties understand and agree that the A350-900 Specification and the A330-900 Standard Specification may be further amended following signature of this Agreement in accordance with the terms of this Subclause 2.3.
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Specification Amendment. The parties understand and agree that the A350-900 Aircraft Specification and the A330-900neo Aircraft Specification may be further amended following signature of this Agreement in accordance with the terms of this Subclause 2.3.
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Specification Amendment. The parties understand and agree that the A330neo Standard Specification(s) may be amended following signature of this Agreement in accordance with the terms of this Clause 2. Execution Version Avolon – A330neo Purchase Agreement, ref CLC-CT1404183
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Specification Amendment. (a) Purchaser agrees that no amendments may be requested to be made to (i) paragraphs 1, 3, 4, 5, 10, 11 and 12 of the Model Specification in respect of the A320 NEO Aircraft set out a Part A of Schedule 2 and (ii) paragraphs 1, 3, 4, 5, 11, 12 and 13 of the Model Specification in respect of the A321 NEO Aircraft set out a Part B of Schedule 2. In addition, once Purchaser exercises a Purchase Option. Seller cannot change the Model Specification unless the change is required by applicable law. (b) Subject to Clause 3.2(a), Purchaser may elect to amend the applicable Specification for an Option Aircraft at any time up to two (2) calendar months prior to Delivery by providing Seller with a written notice (a “Purchaser SCN Notice”) identifying such Option Aircraft and describing the particular change to the applicable Specification being requested. (c) Purchaser shall not provide Seller with more than five (5) Purchaser SCN Notices in respect of any Option Aircraft. (d) Upon receipt of any Purchaser SCN Notice, Seller shall: (i) promptly provide to Airframe Manufacturer details of the requested amendment to the Specification as set forth in the Purchaser SCN Notice; (ii) use reasonable commercial efforts to cause Airframe Manufacturer to prepare and issue a Specification Change Notice documenting Purchaser’s requested amendments to the Specification (the “Purchaser Specification Change”). (e) Upon receipt of a Specification Change Notice, Seller shall promptly provide such Specification Change Notice to Purchaser and consult with Purchaser in respect of such Specification Change Notice. Subject to Clause 3.2(c), Seller shall use reasonable commercial efforts to liaise with Airframe Manufacturer in respect of the Specification Change Notice. (f) Not later than sixty (60) days prior to the last day of the Scheduled Delivery Month, Purchaser may deliver a Purchaser SCN Notice to Seller specifying the external livery for such Option Aircraft, and Seller shall use reasonable commercial efforts to cause Airframe Manufacturer to Deliver such Option Aircraft with the external livery so specified. If Purchaser fails to delivery such a notice, the Aircraft shall be delivered in Seller’s livery. (g) Seller shall not enter into any Specification Change Notices with Airframe Manufacturer except at the direction of Purchaser.
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Specification Amendment 
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Related to Specification Amendment

  • Modification; Amendment This Agreement may not be modified or amended except pursuant to an instrument in writing signed by the Company and each of the Purchasers.

  • Integration; Amendment This Agreement constitutes the entire agreement of the Parties relating to the subject matter hereof. There are no promises, terms, conditions, obligations, or warranties other than those contained herein. This Agreement supersedes all prior communications, representations, or agreements, verbal or written, among the Parties relating to the subject matter hereof. This Agreement may not be amended except in writing.

  • Modification; Amendment; Waiver No modification, amendment or waiver of any provisions of this Agreement shall be effective unless approved in writing by both parties. The failure at any time to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of either party thereafter to enforce each and every provision hereof in accordance with its terms.

  • Termination; Amendment a. In addition to the automatic termination of this Agreement specified in Section 1.c. of this Agreement, each party to this Agreement may unilaterally cancel its participation in this Agreement by giving thirty (30) days prior written notice to the other party. In addition, each party to this Agreement may terminate this Agreement immediately by giving written notice to the other party of that other party's material breach of this Agreement. Such notice shall be deemed to have been given and to be effective on the date on which it was either delivered personally to the other party or any officer or member thereof, or was mailed postpaid or delivered to a telegraph office for transmission to the other party's designated person at the addresses shown herein or in the most recent NASD Manual. b. This Agreement shall terminate immediately upon the appointment of a Trustee under the Securities Investor Protection Act or any other act of insolvency by Dealer. c. The termination of this Agreement by any of the foregoing means shall have no effect upon transactions entered into prior to the effective date of termination and shall not relieve Dealer of its obligations, duties and indemnities specified in this Agreement. A trade placed by Dealer subsequent to its voluntary termination of this Agreement will not serve to reinstate the Agreement. Reinstatement, except in the case of a temporary suspension of Dealer, will only be effective upon written notification by Distributor. d. This Agreement is not assignable or transferable and will terminate automatically in the event of its "assignment," as defined in the Investment Company Act of 1940, as amended and the rules, regulations and interpretations thereunder. The Distributor may, however, transfer any of its duties under this Agreement to any entity that controls or is under common control with Distributor. e. This Agreement may be amended by Distributor at any time by written notice to Dealer. Dealer's placing of an order or accepting payment of any kind after the effective date and receipt of notice of such amendment shall constitute Dealer's acceptance of such amendment.

  • Extension Amendment Extended Term Loans shall be established pursuant to an amendment (each, a “Extension Amendment”) to this Agreement among Holdings, the Loan Parties, the Agent and each Extending Term Lender providing an Extended Term Loan thereunder, which shall be consistent with the provisions set forth in Section 2.10(a) above, respectively (but which shall not require the consent of any other Lender). The effectiveness of any Extension Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 4.2 and, to the extent reasonably requested by the Agent, receipt by the Agent of (i) legal opinions, board resolutions and officers’ certificates consistent with those delivered on the Original Closing Date other than changes to such legal opinion resulting from a change in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Agent and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Agent in order to ensure that the Extended Term Loans are provided with the benefit of the applicable Financing Agreements. The Agent shall promptly notify each Lender as to the effectiveness of each Extension Amendment. Each of the parties hereto hereby agrees that this Agreement and the other Financing Agreements may be amended pursuant to an Extension Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Extended Term Loans incurred pursuant thereto, (ii) modify the scheduled repayments set forth in Section 2.2 with respect to any Existing Term Loan Tranche subject to an Extension Election to reflect a reduction in the principal amount of the Term Loans thereunder in an amount equal to the aggregate principal amount of the Extended Term Loans amended pursuant to the applicable Extension Amendment (with such amount to be applied ratably to reduce scheduled repayments of such Term Loans required pursuant to Section 2.2), (iii) modify the prepayments set forth in Section 2.3 to reflect the existence of the Extended Term Loans and the application of prepayments with respect thereto, (iv) make such other changes to this Agreement and the other Financing Agreements consistent with the provisions and intent of Section 12.3(g) (without the consent of the Required Lenders called for therein) and (v) effect such other amendments to this Agreement and the other Financing Agreements as may be necessary or appropriate, in the reasonable opinion of the Agent and the Parent Borrower, to effect the provisions of this Section 2.10, and the Required Lenders hereby expressly authorize the Agent to enter into any such Extension Amendment.