Common use of AMENDMENT TO THE FRAMEWORK AGREEMENT Clause in Contracts

AMENDMENT TO THE FRAMEWORK AGREEMENT. The provisions of the Framework Agreement may be amended or supplemented at any time, in particular with a view to complying with any legislative, regulatory, jurisprudential or technological developments. Any proposed amendment to the Framework Agreement shall be communicated to the Account Holder in writing on paper or on another durable medium no later than two (2) months before the proposed effective date for its entry into force. In the absence of a written objection by registered letter with acknowledgment of receipt sent to Lemonway by the Account Holder before the expiry of this two-month period, the latter shall be deemed to have accepted these amendments. In case of refusal of the proposed amendment, the Account Holder may terminate the Framework Agreement free of charge upon written request, before the proposed effective date of said amendment. Said request shall not affect all the debits (fees, contributions, payment) for which the Account Holder remains liable.