Modification to Current Agreement Sample Clauses
The "Modification to Current Agreement" clause establishes the procedures and requirements for making changes to the terms of an existing contract. Typically, this clause specifies that any amendments must be made in writing and signed by all parties involved, ensuring that verbal agreements or informal changes are not legally binding. By setting clear guidelines for how modifications can be enacted, this clause helps prevent misunderstandings and disputes over unauthorized or ambiguous changes to the agreement.
Modification to Current Agreement. The Current Agreement is hereby amended as follows:
(a) New Sections 1.1(t) and 1.1(u) are added which read in their entirety as follows:
Modification to Current Agreement. The Current Agreement is hereby amended by adding a new Section 16 which reads in its entirety as follows:
Modification to Current Agreement. Pursuant to the rights of the Board of Education, the Associations and District agree this Agreement shall not be altered except through mutual consent of both parties and attached as a written addendum hereto. Both parties agree that items in the Agreement may be re-opened for discussion at any time upon mutual consent. Any items re-opened for bargaining shall have a thirty (30) calendar day time limit.
Modification to Current Agreement. Sections 13(a) and 13(b) of the Current Agreement is deleted and replaced in its entirety with the following:
(a) This Agreement shall be effective, subject to Section C of the Background section, on the Execution Date and terminate at 11:59 PM (Eastern) on (i) May 20, 2017 (“Termination Date”), or (ii) the date the Deconversion (as defined below) is completed, if that date is earlier than the Termination Date or if the Deconversion is started on the Termination Date. Unless the Deconversion has commenced, GuideStone, by Written Notice (as defined below) received by the BNYM Designated Addressee (as defined below) not less than thirty (30) days in advance of the Termination Date, may designate June 17, 2017 as the date for termination of this Agreement (“Extended Termination Date”) and if such written notice is received this Agreement shall terminate at 11:59 PM (Eastern) on (i) the Extended Termination Date, or (ii) the date the Deconversion is completed, if that date is earlier than the Extended Termination Date or if the Deconversion is started on the Extended Termination Date.
(b) GuideStone may designate a termination date for the Agreement later than the Extended Termination Date, and any subsequent extended termination date effected pursuant to this Section 13(b)(1), by a Written Notice received by the BNYM Designated Addressee at least thirty (30) days in advance of the Extended Termination Date (or the then-effective extended termination date) which designates a date for termination of the Agreement that is a Saturday and later than the Extended Termination Date (or subsequent extended termination date), and unless the GuideStone Designated Addressee (as defined below) receives a Written Notice from BNYM rejecting such later termination date within ten (10) days of the date of delivery of the most recent notice of later termination, this Agreement will terminate at 11:59 PM (Eastern) on (i) the later termination date designated in the last relevant Written Notice, or (ii) the date the Deconversion is completed, if that date is earlier than the extended termination date referenced in clause (i) or if the Deconversion is started on such extended termination date.
(c) For purposes of Sections 13(a) and 13(b):
Modification to Current Agreement. The Current Agreement is hereby amended as follows:
(a) Section 10(f) of the Current Agreement shall be deleted and replaced with the following:
(f) Notwithstanding the foregoing, BNYM shall be liable to the Fund and the Portfolios in accordance with the terms of that certain Gain/Loss Operating Policy, dated July 1, 2015, by and between the Fund and BNY Mellon.
(b) Exhibit C shall be deleted in its entirety.
Modification to Current Agreement. Pursuant to the rights of the Board of Education, the Association and District agree this Agreement shall not be altered except through mutual consent of both parties and attached as a written addendum hereto.