Common use of CHANGES TO AGREED PROCEDURES Clause in Contracts

CHANGES TO AGREED PROCEDURES. The Trust Manager must from time to time give to the Mortgage Manager a copy of any changes or proposed changes to the Agreed Procedures. Any such change will become effective and binding upon the Mortgage Manager on the date specified by the Trust Manager in writing at the time it gives notification of the changes or proposed changes, which must not be less than three Banking Days after the date of notification. Until so effective, the Agreed Procedures as notified to the Mortgage Manager most recently prior to that time shall continue to be binding on the Mortgage Manager.