Common use of Statement of Obligations Clause in Contracts

Statement of Obligations. a) A Special Majority of the Participants may give the Authority a Statement of Obligations. b) A Special Majority of the Participants may review the Statement of Obligations every five years after it has been given to the Authority and notify the Authority by 30 May in the Review Year of any changes the Participants wish to make to the Statement of Obligations resulting from the review. c) A document amended in accordance with sub-clause 8.1(b) will be the Statement of Obligations for the purposes of this agreement.

Statement of Obligations. (a) A Special Majority of the The Participants may give the Authority a Statement of Obligations. (b) A Special Majority of the The Participants may must review the Statement of Obligations every five years after it has been given to the Authority and notify the Authority by 30 May in the Review Year of any changes the Participants wish to make to the Statement of Obligations resulting from the review. (c) A document amended in accordance with sub-clause 8.1(b7.1(b) will be the Statement of Obligations for the purposes of this agreement.