Extension and Amendment Clause Samples
The Extension and Amendment clause outlines the procedures by which the terms of an agreement can be modified or extended. Typically, this clause requires that any changes to the contract, such as extending deadlines or altering obligations, must be made in writing and agreed upon by all parties involved. For example, if the parties wish to extend the duration of the contract or update certain provisions, they must follow the process set out in this clause. Its core practical function is to ensure that any modifications to the agreement are clearly documented and mutually agreed upon, thereby preventing misunderstandings or disputes over informal or unauthorized changes.
POPULAR SAMPLE Copied 1 times
Extension and Amendment. POL196 The Industrial Property Law contains no specific provisions on extending or amending industrial design or utility model licence agreements. Thus, extension or amendment of such agreements should be specified by the parties in the contract. POL197 If the parties do not provide for extension or amendment of the agree- ment, general provisions of the Civil Code apply under which a contract may be supplemented or amended only in the form stipulated by the law or agreed by the parties for its execution.1 Thus, if a licence contract is executed in writing, to be valid, amendment also should be made in writing.
Extension and Amendment. The licensee is not allowed to extend or assign the licensed rights to any third party without the licensor’s assent. An extension of the contract can however exist.
Extension and Amendment. An Issuing Bank shall not extend or amend any Facility Letter of Credit unless the requirements of this Section 4.4 are met as though a new Facility Letter of Credit were being requested and issued; provided, however, that if the Facility Letter of Credit, as originally issued, sets forth such extension or amendment, then the Issuing Bank shall so extend or amend the Facility Letter of Credit upon the request of Borrower given in the manner set forth in Section 4.4(a) and upon satisfaction of the terms and conditions of Section 4.4(c).
Extension and Amendment. The parties agree to amend the Agreement as follows:
Extension and Amendment. An LC Issuer shall not extend or amend any Facility Letter of Credit unless the requirements of this Section 4.4 are met as though a new Facility Letter of Credit were being requested and issued; provided, however, that if the Facility Letter of Credit, as originally issued, sets forth such extension or amendment, then the LC Issuer shall so extend or amend the Facility Letter of Credit upon the request of Borrower given in the manner set forth in Section 4.4(a) and upon satisfaction of the terms and conditions of Section 4.4(c).
Extension and Amendment. Any extension of the term of the agreement may be freely negotiated by the par- ties. Similarly, any amendment to the terms of the agreement is open to negotiation.
Extension and Amendment. (a) Section 1(a) of the Forbearance Agreement is hereby amended by deleting the reference to "July 31, 2001" in clause (i) thereof and replacing it with "August 31, 2001".
(b) Section 2(h) of the Forbearance Agreement is hereby amended by deleting it in its entirety and replacing it with the following:
(h) The Overadvance Fee provisions of Section 2.2.2 of the Credit Agreement shall apply during the Forbearance Period and any Overadvance Fee accrued through June 30, 2001 pursuant to Section 2.2.2 of the Credit Agreement shall be due and payable on June 30, 2001. An Overadvance Fee shall also accrue for that portion of the fiscal quarter (i) beginning on July 1, 2001 and ending on July 31, 2001, payable on July 31, 2001 and (ii) beginning on August 1, 2001 and ending on August 31, 2001, payable on August 31, 2001. The percentage used to calculate the Overadvance Fee of 1.5% quarterly will be pro rated to .5% monthly for the Forbearance Period.
Extension and Amendment. The parties agree to amend the Agreement as follows:
(a) The District and Contractor agree that the term of the Agreement, which is scheduled to end on June 30, 2020, is hereby extended through June 30, 2021, with such extension to be upon and subject to all of the terms, provisions, and conditions of the Agreement except as modified in this Amendment.
(b) Contractor shall implement a district-wide FIRST Robotics and related activities for the District’s students as set forth in Exhibit A attached hereto and incorporated herein by this reference (collectively, the “Services”) (it being understood that Exhibit A is updated to provide for dates within the 2020-2021 renewal term set forth in this Amendment). Contractor represents and warrants to the District that Contractor is a FIRST Robotics Affiliate Partner for Northeast Florida and is duly authorized to provide the Services. The District’s maximum indebtedness for these services shall not exceed One Hundred Eighty Seven Thousand Seven Hundred and No/100 Dollars ($187,700.00), and is payable according to the invoicing schedule set forth in Exhibit A attached hereto and incorporated herein by this reference.
Extension and Amendment. Any extension of the term of the agreement may be freely negotiated by the parties. Similarly, any amendment to the terms of the agreement is open to negotiation. The licence of trade secrets often takes place in tandem with a licence of other intellectual property rights; frequently, this is done with patents where propri- etary know-how or show-how may be required to exploit the patented technology more effectively.
Extension and Amendment. POL64 The Industrial Property Law does not contain specific provisions on extending or amending a patent licence agreement. Thus, extension or amend- ment of such agreements is agreed by the parties in the contract. POL65 If the parties do not provide for contract amendment terms, general provisions of the Civil Code will apply according to which a contract may be supplemented or amended only in the form stipulated by the law or agreed by the parties for its execution.2 Thus, if a licence contract is executed by law in writing, to be valid, amendments to it also should be made in writing. Link with Other Intellectual Property Rights POL66 Granting a patent for an invention, ie, granting protection for that invention on the basis of the Industrial Property Law, does not exclude protection of that patent under the Civil Code, the Copyright Act, or the Unfair Competition Act.3 POL67 According to article 23 of the Civil Code, the personal interests of a human being, including scientific, artistic, inventive, or improvement achieve- ments, are protected by civil law. If certain requirements are fulfilled, especially