Common use of Changes to the Agreement Clause in Contracts

Changes to the Agreement. 15.1 The LME may unilaterally modify or update the terms of the Agreement so far as is reasonable and within the LME’s commercial interests from time to time, providing reasonable notice as detailed in clause 15.2 below. 15.2 Where a proposed change to the Agreement is made: (a) in connection, for whatever reason, with a change in any applicable law or regulation, the LME shall not be required to give the Licensee prior notice of such change but shall apply its reasonable endeavours to give as much notice as is practicable in the circumstances; (b) to the Fees, clause 5.6 shall apply; or (c) other than in connection with clauses 15.2(a) or 15.2(b), the LME shall use reasonable endeavours to notify the Licensee of the proposed change at least ninety (90) days before such change takes effect. The LME may provide less notice if the LME determines that it is not reasonably possible to give at least ninety (90) days' notice. 15.3 If the Licensee objects to a material change notified by the LME in accordance with Clause 15.2, the Licensee shall be entitled to terminate this Agreement with effect from the day the change comes into effect by the provision of at least thirty (30) days' prior written notice (or if less than thirty (30) days' notice of a change is given by the LME under clause 15.2, by the provision of as much notice as is practicable in the circumstances).

Changes to the Agreement. 15.1 13.1 The LME may unilaterally modify or update the terms of the Agreement so far as is reasonable and within the LME’s commercial interests from time to time, providing reasonable notice as detailed in clause 15.2 13.2 below. 15.2 13.2 Where a proposed change to the Agreement is made: (a) in connection, for whatever reason, with a change in any applicable law or regulation, the LME shall not be required to give the Licensee Customer prior notice of such change but shall apply its reasonable endeavours to give as much notice as is practicable in the circumstances; (b) to the Fees, clause 5.6 shall apply; or (c) other than in connection with clauses 15.2(a13.2(a) or 15.2(b13.2(b), the LME shall use reasonable endeavours to notify the Licensee Customer of the proposed change at least ninety sixty (9060) days before such change takes effect. The LME may provide less notice if the LME determines that it is not reasonably possible to give at least ninety sixty (9060) days' notice. 15.3 13.3 If the Licensee Customer objects to a material change notified by the LME in accordance with Clause 15.213.2, the Licensee Customer shall be entitled to terminate this Agreement with effect from the day the change comes into effect by the provision of at least thirty (30) days' prior written notice (or if less than thirty (30) days' notice of a change is given by the LME under clause 15.213.2, by the provision of as much notice as is practicable in the circumstances).