Common use of Amendment of Trust Deeds Clause in Contracts

Amendment of Trust Deeds. (a) The terms of the Trust Deeds must not be amended in a manner inconsistent with the provisions of this Agreement or the Trust Deeds. (b) The terms of the Trust Deeds must not be amended other than in accordance with the Trust Deeds, any applicable Law and the following process: (i) The Regional Trustee will provide the State (and each Proponent in the case of an amendment to the Trust Deed for the Regional Education Fund Trust, Xxxxxxxxx Enhancement Scheme Trust and the Xxxxxxx Peninsula Fund Trust) with a copy of the proposed amended Trust Deed. (ii) Upon the receipt of a copy of the proposed amended Trust Deed under paragraph (i), the State (and each Proponent if applicable) will within 30 days consider the proposed amended Trust Deed and if the State (and each Proponent if applicable) considers that the proposed amended Trust Deed: (A) complies with paragraph (a), then the State (and each Proponent if applicable) must notify the Regional Trustee; (B) does not comply with the requirements of paragraph (a), the State (and each Proponent if applicable) must: (1) notify the Regional Trustee that the proposed amended Trust Deed is not approved; (2) provide reasonable details of its position; and the Regional Trustee must, if it still wishes to amend: (C) take reasonable actions to address those reasons; and (D) propose a new amended Trust Deed in accordance with this clause 20.8. (c) If the State (and each Proponent if applicable) fails to notify in accordance with paragraph (b) within 30 days of receipt of notice referred to in paragraph (b), then it is deemed to have given a notification under paragraph (b)(ii)(A).

Amendment of Trust Deeds. (a) The terms of the Trust Deeds must not be amended in a manner inconsistent with the provisions of this Agreement or the Trust Deeds. (b) The terms of the Trust Deeds must not be amended other than in accordance with the Trust Deeds, any applicable Law and the following process: (i) The Regional Trustee Native Title Party will provide the State (and each Proponent in the case of an amendment to the Trust Deed for the Regional Education Fund Trust, Xxxxxxxxx Enhancement Scheme Trust and the Xxxxxxx Peninsula Proponent Benefits Fund Trust) with a copy of the proposed amended Trust Deed. (ii) Upon the receipt of a copy of the proposed amended Trust Deed under paragraph (i), the State (and each Proponent if applicable) will within 30 days consider the proposed amended Trust Deed and if the State (and each Proponent if applicable) considers that the proposed amended Trust Deed: (A) complies with paragraph (a), then the State (and each Proponent if applicable) must notify the Regional TrusteeNative Title Party; (B) does not comply with the requirements of paragraph (a), the State (and each Proponent if applicable) must: (1) notify the Regional Trustee Native Title Party that the proposed amended Trust Deed is not approved; (2) provide reasonable details of its position; and the Regional Trustee Native Title Party must, if it still wishes to amend: (C) take reasonable actions action to address those reasons; and (D) propose a new amended Trust Deed in accordance with this clause 20.822.8. (c) If the State (and each Proponent if applicable) fails to notify in accordance with paragraph (b) within 30 days of receipt of notice referred to in paragraph (b), then it is deemed to have given a notification under paragraph (b)(ii)(A).paragraph