Changes to the Deposit Clause Samples
The "Changes to the Deposit" clause defines the rules and procedures for modifying the amount, timing, or conditions of a deposit required under an agreement. Typically, this clause outlines how either party can request a change to the deposit, the process for approving such changes, and any limitations or notice requirements involved. For example, it may specify that an increase in the deposit must be agreed upon in writing by both parties or that changes can only occur under certain circumstances. The core function of this clause is to provide a clear and structured method for handling adjustments to the deposit, thereby preventing disputes and ensuring both parties understand their rights and obligations regarding deposit modifications.
Changes to the Deposit. 1. If alterations are made to the Software and are accepted by the Beneficiary, the Supplier shall, at the request of the Beneficiary, upload the modified Deposit to SecureStorage within 30 days, in accordance with the provisions of article 3.
2. A Random Check or Verification Examination will be carried out on written request.
3. The Parties shall have the same rights and duties under the Agreement in respect of any subsequent Deposit as in respect of the original Deposit.
Changes to the Deposit. 1. If modifications have been made to the SaaS Service and have been accepted by the Beneficiary, the Supplier shall upload the modified Deposit to SecureStorage within 30 days, in accordance with the provisions of article 3.
2. A Random Check or Verification Examination will be carried out on written request.
3. The Parties shall have the same rights and duties under the Agreement in respect of any subsequent Deposit as in respect of the original Deposit.