Amendment Requested by Partners Sample Clauses

The "Amendment Requested by Partners" clause establishes the process by which any partner in an agreement can propose changes or modifications to the existing terms. Typically, this clause outlines the steps required for submitting an amendment request, such as providing written notice to the other partners and specifying the content of the proposed change. It may also detail how approval is granted, often requiring unanimous or majority consent. The core function of this clause is to provide a clear and orderly mechanism for updating the agreement as circumstances change, ensuring that all partners have a formal avenue to address evolving needs or unforeseen issues.
Amendment Requested by Partners. ‌ The Partners may direct the Board to amend the Pension Plan Rules, and the Board must so amend the Pension Plan Rules if: (a) the Partners have first received and considered the advice of the Board respecting both the cost and the administrative impact of implementing the proposed amendment; (b) the proposed amendment is not inconsistent with Section 11.2, the Trustees’ fiduciary responsibilities or any funding policy adopted by the Board; and (c) the proposed amendment will not result in the Pension Plan failing to be funded in accordance with the PBSA’s going-concern funding requirements.
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Amendment Requested by Partners. The Partners may direct the Board to amend the Retiree Benefit Plan Rules, and the Board must so amend the Retiree Benefit Plan Rules if: (a) the Partners have first received and considered the advice of the Board respecting both the cost and the administrative impact of implementing the proposed amendment; and (b) the proposed amendment is not inconsistent with the ELHT Rules or the Trustees’ fiduciary responsibilities.
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Amendment Requested by Partners. ‌ The Partners, the Professional Employees Association and the Union of Psychiatric Nurses agree that the Partners may direct the Board to amend the Pension Plan Rules, and the Board must so amend the Pension Plan Rules if: (a) the Partners have first received and considered the advice of the Board respecting both the cost and the administrative impact of implementing the proposed amendment; (b) the proposed amendment is not inconsistent with Section 11.2, the Trustees’ fiduciary responsibilities or any funding policy adopted by the Board; and (c) the proposed amendment will not result in the Pension Plan failing to be funded in accordance with Appendix B.
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Related to Amendment Requested by Partners

  • Amendment of Agreement and Certificate of Limited Partnership For the admission to the Partnership of any Partner, the General Partner shall take all steps necessary and appropriate under the Act to amend the records of the Partnership and, if necessary, to prepare as soon as practical an amendment of this Agreement (including an amendment of Exhibit A) and, if required by law, shall prepare and file an amendment to the Certificate and may for this purpose exercise the power of attorney granted pursuant to Section 2.4 hereof.

  • Amendment; Resignation This Agreement may be altered or amended only with the written consent of the parties hereto. The Escrow Agent (and any successor escrow agent) at any time may be discharged from its duties and obligations hereunder by the delivery to it of a notice of termination signed by the Company, or at any time the Escrow Agent may resign by giving written notice to such effect to the Issuer. Upon any such termination or resignation, the Escrow Agent shall deliver the Escrowed Amounts or the Fund to any successor escrow agent jointly designated by the other parties hereto in writing, or to any court of competent jurisdiction if no such successor escrow agent is agreed upon, whereupon the Escrow Agent shall be discharged of and from any and all further obligations arising in connection with this Escrow Agreement. The termination of services or resignation of the Escrow Agent shall take effect on the earlier of (i) the appointment of a successor (including a court of competent jurisdiction) or (ii) the day that is 30 days after the date of delivery: (A) to the Escrow Agent of the other parties’ notice of termination or (B) to the other parties hereto of the Escrow Agent’s written notice of resignation. If at that time the Escrow Agent has not received a designation of successor escrow agent, the Escrow Agent’s sole responsibility after that time shall be to keep the Escrowed Amounts or the Fund safe until receipt of a designation of a successor escrow agent or a joint written disposition instruction by the other parties hereto or an enforceable order of a court of competent jurisdiction. Without limiting the provisions of Section 8 hereof, the resigning Escrow Agent shall be entitled to be reimbursed by the Issuer for any expenses incurred in connection with its resignation, transfer of the Fund to a successor escrow agent or distribution of the Fund pursuant to this Section 6.

  • AMENDMENT TO FUND ACCOUNTING AGREEMENT

  • Amendment, Etc Upon request of the Pass Through Trustee and approval by an Action of Investors, the Escrow Agent and Paying Agent shall enter into an amendment to this Agreement, so long as such amendment does not adversely affect the rights or obligations of the Escrow Agent or the Paying Agent, provided that upon request of the Pass Through Trustee and without any consent of the Investors, the Escrow Agent and Paying Agent shall enter into an amendment to this Agreement for any of the following purposes: (1) to correct or supplement any provision in this Agreement which may be defective or inconsistent with any other provision herein or to cure any ambiguity or correct any mistake or to modify any other provision with respect to matters or questions arising under this Agreement, provided that any such action shall not materially adversely affect the interests of the Investors; or (2) to comply with any requirement of the SEC, applicable law, rules or regulations of any exchange or quotation system on which the Certificates are listed or any regulatory body; or (3) to evidence and provide for the acceptance of appointment under this Agreement of a successor Escrow Agent, successor Paying Agent or successor Pass Through Trustee.

  • Amendment of Partnership Agreement Pursuant to Section 17-211(g) of the Delaware Act, an agreement of merger or consolidation approved in accordance with this Article XIV may (a) effect any amendment to this Agreement or (b) effect the adoption of a new partnership agreement for the Partnership if it is the Surviving Business Entity. Any such amendment or adoption made pursuant to this Section 14.5 shall be effective at the effective time or date of the merger or consolidation.