Execution of Amending Agreements - Exceptions Clause Samples
The 'Execution of Amending Agreements - Exceptions' clause defines the circumstances under which changes to an existing agreement can be made without following the standard formal amendment process. Typically, this clause outlines specific situations or types of amendments—such as minor administrative updates or changes required by law—that may be executed through alternative means, like written notice or mutual consent, rather than a formal signed amendment. Its core function is to provide flexibility in managing the agreement, allowing parties to efficiently address minor or urgent changes without unnecessary procedural delays.
Execution of Amending Agreements - Exceptions. Despite section 4.2 (Execution of Amending Agreements), an amending agreement under section 4.1 (Amendments) for amendments pursuant to sections C3.2 (Amending Agreement for Changes to the Eligible Projects List), D2.2 (Amending Agreement for Changes to Annual Allocations) or F7.2 (Amending Agreement for Changes to the Reporting) may be executed by the respective authorized representatives of the Parties listed in Schedule “B” (Recipient Information).
Execution of Amending Agreements - Exceptions. Despite section 4.2 (Execution of Amending Agreements), an amending agreement under section 4.1 (Amendments) for amendments to one or more of the following:
(a) the definitions for the following terms in Schedule “A” (General Terms and Conditions):
(i) “Completion Date”; and
(ii) “Expiry Date”; and
(b) Schedules “C” (Project Description, Budget and Timelines) to “F” (Reporting and Compliance Audit), each respectively, and any of their respective sub-schedules; may be executed by the respective authorized representatives of the Parties listed in Schedule “B” (Project Specific Information) for the purpose of such amendments.