Additional Modification Clause Samples
The "Additional Modification" clause allows parties to make changes or amendments to the original agreement beyond what is already specified. Typically, this clause outlines the process for proposing, approving, and documenting such modifications, often requiring written consent from all parties involved. For example, if new terms need to be added or existing terms adjusted due to unforeseen circumstances, this clause provides the formal mechanism to do so. Its core function is to ensure that any alterations to the contract are mutually agreed upon and properly recorded, thereby preventing misunderstandings or disputes about the terms of the agreement.
Additional Modification. Upon an Approved Change of Control: (i) the license will be limited to use in connection with products and services comparable in kind and quality to those sold by Licensee in the ordinary course at the time of the Approved Change of Control, but all still within the Steel Fields of Use; and (ii) neither Licensee nor, if applicable, its assignee may create new or additional Trade Names using the Licensed Marks.
Additional Modification. From and after the date of this Third Amendment, Paragraph 9 of the Second Amendment (captioned, “Tenant’s Termination Option”) is hereby deleted in its entirety and is of no further force and effect.
Additional Modification. Section 40 of the Original Lease (captioned, “Right of First Refusal”) is hereby deleted in its entirety and is of no further force and effect.
Additional Modification. As of the Expansion Space Commencement Date, with respect to exclusions to “Expenses” set forth in Article 30(C) of the Original Lease, the second (2nd) sentence therein is hereby amended by inserting at the end thereof the following:
Additional Modification. If the Second Expansion Space Commencement Date occurs prior to the Must-Take Space Commencement Date, then, as of the Second Expansion Space Commencement Date, Section 34(d) of the Original Lease, as amended pursuant to the terms of Paragraph 11 of the First Amendment (captioned, “Additional Modification”), shall be deleted in its entirety and the following language shall be inserted in lieu thereof as new Section 34(d) of the Original Lease:
Additional Modification. As of the Expansion Space Commencement Date, Section 34(d) of the Original Lease shall be deleted in its entirety and the following language shall be inserted in lieu thereof as new Section 34(d) of the Original Lease: