AMENDMENT AND Clause Samples
The "Amendment and" clause establishes the procedures by which changes or modifications can be made to an existing agreement. Typically, this clause requires that any amendments be made in writing and signed by all parties involved, ensuring that verbal agreements or informal changes are not considered valid. Its core practical function is to maintain clarity and prevent disputes by ensuring that all parties formally agree to any alterations in the contract's terms.
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AMENDMENT AND. MODIFICATION This Agreement may be amended, modified or supplemented at any time by the parties hereto. This Agreement may be amended only by an instrument in writing signed on behalf of the parties hereto.
AMENDMENT AND. MODIFICATION Subject to applicable law, this Agreement may be amended, modified and supplemented by mutual written agreement of the respective parties hereto, at any time prior to the Closing Date with respect to any of the terms contained herein, whether before or after the approval of this Agreement by the shareholders of AcuBid: provided, however, that no such amendment, modification or supplement may be executed which would materially and adversely affect the rights of AcuBid shareholders after approval by AcuBid shareholders.
AMENDMENT AND. MODIFICATION TO SCHEDULE TO LOAN AGREEMENT: Section 11 (E.) of the Schedule to the Loan Agreement is hereby deleted in its entirety, and in lieu thereof, the following is inserted:
AMENDMENT AND. APPROVAL
10.1 The rights, privileges, restrictions and conditions attaching to the Exchangeable Shares may be added to, changed or removed but only with the approval of the holders of the Exchangeable Shares given as hereinafter specified.
10.2 Any approval given by the holders of the Exchangeable Shares to add to, change or remove any right, privilege, restriction or condition attaching to the Exchangeable Shares or any other matter requiring the approval or consent of the holders of the Exchangeable Shares shall be deemed to have been sufficiently given 10 53 if it shall have been given in accordance with applicable law subject to a minimum requirement that such approval be evidenced by resolution passed by not less than two-thirds of the votes cast on such resolution at a meeting of holders of Exchangeable Shares duly called and held at which the holders of at least 25% of the outstanding Exchangeable Shares at that time are present or represented by proxy; provided that if at any such meeting the holders of at least 25% of the outstanding Exchangeable Shares at that time are not present or represented by proxy within one-half hour after the time appointed for such meeting then the meeting shall be adjourned to such date not less than five days thereafter and to such time and place as may be designated by the Chairman of such meeting. At such adjourned meeting the holders of Exchangeable Shares present or represented by proxy thereat may transact the business for which the meeting was originally called and a resolution passed thereat by the affirmative vote of not less than two-thirds of the votes cast on such resolution at such meeting shall constitute the approval or consent of the holders of the Exchangeable Shares.
AMENDMENT AND