Common use of Rectifications or Modifications Clause in Contracts

Rectifications or Modifications. A Party shall notify the other Party of itsrectifications, or in exceptional cases, othermodifications relating to Annexes 11, 12, 13, 14, 16 and 17along with the information as to the likely consequences ofthe change for the mutually agreed coverage provided inthis Chapter. If the rectifications or other modifications are of a purely formal or minor nature, notwithstandingparagraph 1 of Article 174, they shall become effectiveprovided that no objection from the other Party has beenraised within 30 days. In other cases, both Parties shall consult the proposal and any claim for compensatoryadjustments with a view to maintaining a balance of rightsand obligations and a comparable level of mutually agreedcoverage provided in this Chapter prior to suchrectification or other modification. In the event of an agreement between the Parties not being reached, the Partywhich has received such notification may have recourse tothe dispute settlement procedure under Chapter 15.

Rectifications or Modifications. A Party shall notify the other Party of itsrectificationsits rectifications, or in exceptional cases, othermodifications other modifications relating to Annexes 11, 12, 13, 14, 16 and 17along 17 along with the information as to the likely consequences ofthe of the change for the mutually agreed coverage provided inthis in this Chapter. If the rectifications or other modifications are of a purely formal or minor nature, notwithstandingparagraph notwithstanding paragraph 1 of Article 174, they shall become effectiveprovided effective provided that no objection from the other Party has beenraised been raised within 30 days. In other cases, both Parties shall consult the proposal and any claim for compensatoryadjustments compensatory adjustments with a view to maintaining a balance of rightsand rights and obligations and a comparable level of mutually agreedcoverage agreed coverage provided in this Chapter prior to suchrectification such rectification or other modification. In the event of an agreement between the Parties not being reached, the Partywhich Party which has received such notification may have recourse tothe to the dispute settlement procedure under Chapter 15.

Rectifications or Modifications. A Party shall notify the other Party of itsrectificationsits rectifications, or in exceptional cases, othermodifications other modifications relating to Annexes 11, 12, 13, 14, 16 and 17along with the information as to the likely consequences ofthe of the change for the mutually agreed coverage provided inthis in this Chapter. If the rectifications or other modifications are of a purely formal or minor nature, notwithstandingparagraph notwithstanding paragraph 1 of Article 174, they shall become effectiveprovided effective provided that no objection from the other Party has beenraised been raised within 30 days. In other cases, both Parties shall consult the proposal and any claim for compensatoryadjustments compensatory adjustments with a view to maintaining a balance of rightsand rights and obligations and a comparable level of mutually agreedcoverage agreed coverage provided in this Chapter prior to suchrectification such rectification or other modification. In the event of an agreement between the Parties not being reached, the Partywhich Party which has received such notification may have recourse tothe to the dispute settlement procedure under Chapter 15.