Approvals and Modifications Clause Samples
Approvals and Modifications. It is understood by both parties that statutory changes to the authorities under which this MOU was negotiated may result in the need to sign a new MOU. Any modifications to this MOU must appear in writing and be signed by all parties.
Approvals and Modifications. The Demerged Company and SIL (by their respective Board of Directors or such other person or persons, as the respective Board of Directors may authorise) are empowered and authorised:
17.1 to assent from time to time to any modifications or amendments or substitutions of this Scheme or of any conditions or limitations which the High Court and/or any authorities under law may deem fit to approve or direct or as may be deemed expedient or necessary; and
17.2 to settle all doubts or difficulties that may arise in carrying out this Scheme and to do and execute all acts, deeds, matters and things necessary, desirable or proper for putting this Scheme into effect. Without prejudice to the generality of the foregoing, the Demerged Company and SIL (by their respective Board of Directors or such other person or persons, as the respective Board of Directors may authorize) shall each be at liberty to withdraw from this Scheme in case any condition or alteration imposed by any authority is unacceptable to them or as may otherwise be deemed expedient or necessary.