Amendment/Update Clause Samples

Amendment/Update. 11.1 The Company shall be entitled to amend and/or update the terms of the Agreement if this is imposed by the amendment of any Law or Regulation or after a Decree or Directives of any Regulatory, Judiciary, Governmental or other competent Authority or if the Company considers at its absolute discretion that this is required for purposes of maintaining or improving the Service or Services or for rendering better and/or more efficient the operation of the Company, or for purposes of uniformity and equal treatment of all its customers. 11.2 Any amendment and/or update shall be published in the website of the Company www.prime- ▇▇▇.▇▇▇ or in the daily press and shall come into force from the date specified by the Company. 11.3 It is understood that the Company will give to the Customer thirty (30) calendar days’ notice for the proposed amendment, either by notification to the Customer or by announcement in the daily press or on the Company’s website. The Customer is obliged to visit the Company’s website regularly and update himself with the updated terms of the Agreement. In case that the Customer does not accept any of the amended terms, excluding any amendments resulting from the amendment of any Law or Regulation or after a Decree or Directives of any Regulatory, Judiciary, Governmental or other competent Authority, or from the updating of the terms of the Agreement as a consequence of their constant review by the Company and provided that such an amendment does not have a material adverse effect on the Customer’s rights he may terminate the Agreement without any penalty by giving thirty (30) calendar days written notice to the Company in which it will be stated that the reason for terminating is the non-acceptance of the amendments and specifying as well which amendment or amendments he does not accept. Upon expiration of the aforesaid thirty (30) calendar day period, it is deemed that the Customer accepts the amendments and the Agreement is amended accordingly.