Common use of Agreement Amendment Clause in Contracts

Agreement Amendment. The Bank shall notify the cardholder any future changes made to the terms of the agreement in writing or using any methods permitted by law. The cardholder would be deemed to have accepted the change if no objection is raised within seven days. For the following changes, however, the Bank shall notify the cardholder through writing, electronic message, or public announcement at the Bank's place of business or over its website at least 60 days before taking effect. These notices and announcements must explain in details the changes made and compare the original to the revised terms in a clear, visible manner, while giving the cardholder the option to object before taking effect, and that the cardholder would be considered as having consented to the changes if no objection is raised within the given period. In which case, the cardholder also needs to be informed that the cardholder may terminate this agreement within the given time using the methods described in Article 18, Paragraph 3, if there are any objections with regards to the new terms.

Agreement Amendment. The Bank shall notify the cardholder any future changes made to the terms of the agreement in writing or using any methods permitted by law. The cardholder would be deemed to have accepted the change if no objection is raised within seven days. For the following changes, however, the Bank shall notify the cardholder through writing, electronic message, or public announcement at the Bank's place of business or over its website at least 60 days before taking effect. These notices and announcements must explain in details the changes made and compare the original to the revised terms in a clear, visible manner, while giving the cardholder the option to object before taking effect, and that the cardholder would be considered as having consented to the changes if no objection is raised within the given period. In which case, the cardholder also needs to be informed that the cardholder may terminate this agreement within the given time using the methods described in Article 1822, Paragraph 3, if there are any objections with regards to the new terms.: