Common use of Modifications and Rectifications of Annexes Clause in Contracts

Modifications and Rectifications of Annexes. 1. A Party may modify its coverage under this Chapter in conformity with Article 17.2 (Functions of the Commission), provided that it: (a) notifies the other Parties of the modification; and (b) provides the other Parties, within 30 days following the date of such notification, appropriate compensatory adjustments to its coverage in order to maintain a level of coverage comparable to that existing prior to the modification. 2. Notwithstanding Subparagraph 1(b), no compensatory adjustments shall be provided to the other Parties where the modification by a Party of its coverage under this Chapter concerns: (a) the situation where the business or commercial operations or functions of any of its entities or part thereof are constituted or established as an enterprise with a legal entity separate and distinct from the government of a Party, regardless of whether or not the government holds any shares or interest in such a legal entity; or (b) rectifications of a purely formal nature and minor amendments to Annex

Modifications and Rectifications of Annexes. 1. A Party may modify its coverage under this Chapter in conformity with Article 17.2 (Functions of the Commission), provided that it: : (a) notifies the other Parties of the modification; and and (b) provides the other Parties, within 30 days following the date of such notification, appropriate compensatory adjustments to its coverage in order to maintain a level of coverage comparable to that existing prior to the modification. . 2. Notwithstanding Subparagraph 1(b), no compensatory adjustments shall be provided to the other Parties where the modification by a Party of its coverage under this Chapter concerns: : (a) the situation where the business or commercial operations or functions of any of its entities or part thereof are constituted or established as an enterprise with a legal entity separate and distinct from the government of a Party, regardless of whether or not the government holds any shares or interest in such a legal entity; or or (b) rectifications of a purely formal nature and minor amendments to AnnexAnnex 11.A or Annex 11.B, including those under Subparagraph (a), made through an Implementing Arrangement in accordance with Article 17.2 (Functions of the Commission).

Modifications and Rectifications of Annexes. 1. A Party may modify its coverage under this Chapter in conformity with Article 17.2 (Functions of the Commission), provided that it: (a) notifies the other Parties of the modification; and (b) provides the other Parties, within 30 days following the date of such notification, appropriate compensatory adjustments to its coverage in order to maintain a level of coverage comparable to that existing prior to the modification. 2. Notwithstanding Subparagraph 1(b), no compensatory adjustments shall be provided to the other Parties where the modification by a Party of its coverage under this Chapter concerns: (a) the situation where the business or commercial operations or functions of any of its entities or part thereof are constituted or established as an enterprise with a legal entity separate and distinct from the government of a Party, regardless of whether or not the government holds any shares or interest in such a legal entity; or (b) rectifications of a purely formal nature and minor amendments to Annex 11. A or Annex 11.B, including those under Subparagraph (a), made through an Implementing Arrangement in accordance with Article 17.2 (Functions of the Commission).