Amended Proposal Clause Samples
An Amended Proposal clause defines the process by which changes or modifications to an original proposal can be formally introduced and considered during contract negotiations. Typically, this clause outlines the requirements for submitting amendments, such as written notice or mutual agreement, and may specify timelines or approval procedures. Its core function is to provide a structured method for parties to adapt proposals in response to feedback or changing circumstances, ensuring that all modifications are clearly documented and agreed upon to prevent misunderstandings.
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Amended Proposal. Any such Sale Proposal, and the terms of any Required Sale, may be amended from time to time, and any such Required Sale Notice may be rescinded, upon the unanimous approval of the Executive Board and (to the extent applicable) the unanimous approval of the Principal Sellers. The Company will give prompt written notice of any such amendment, modification or rescission to all of the Members and Holders.
Amended Proposal. Any such Exit Transaction, and the terms of any Exit Transaction, may be amended from time to time subject to such amendments being in compliance with Section 8.2(b), and any such Exit Transaction Notice may be rescinded, by the Drag Along Sellers; provided, that the Drag Along Sellers will give prompt written notice of any such amendment, modification or rescission to all of the Members. In the event of any such rescission, the Drag Along Sellers shall reimburse the Company and the other Members for all out-of-pocket costs and expenses incurred by them in connection with the proposed Exit Transaction.