Changes to Schedule 2 Clause Samples
The "Changes to Schedule 2" clause outlines the process and conditions under which modifications can be made to Schedule 2 of the agreement. Typically, this clause specifies who has the authority to propose or approve changes, the required notice period, and any documentation or consent needed for such amendments. For example, it may require both parties to agree in writing before any updates to Schedule 2 become effective. The core function of this clause is to ensure that any alterations to important terms listed in Schedule 2 are managed transparently and with mutual consent, thereby preventing unilateral changes and potential disputes.
Changes to Schedule 2. 1.2. The parties may revise and amend this Schedule 2.1.2 from time to time during the term of the Agreement. Any amended Schedule 2.1.2 must be signed by both parties and attached to the Agreement. [*] = Confidential treatment requested for redacted portion; redacted portion has been filed separately with the Commission.
Changes to Schedule 2. 01A. Schedule 2.01A is intended to be definitive, subject only to the agreed procedures hereunder for altering Schedule 2.01A. If any Policy not included in Schedule 2.01A is determined after the date of execution of this Agreement by agreement of the Parties to be part of the Subject Business, the Schedule shall be amended accordingly to include that Policy and the Parties shall make adjustments to the Funds Withheld Balance, as necessary, to reflect the inclusion of such Policy on the Schedule as if it had been included on the First Closing Date. If any Policy included in Schedule 2.01A is determined after the date of execution and delivery of this Agreement by agreement of the Parties not to be part of the Subject Business, the Schedule shall be amended accordingly to exclude that Policy and the Parties shall make adjustments to the Funds Withheld Balance, as necessary, to reflect the exclusion of such Policy from the Schedule as if it had been excluded on the First Closing Date. In determining whether a Policy has been properly included in or erroneously omitted from Schedule 2.01A, regard shall be given to (1) the rationale set forth in Section 2.03 and (2) the accounting and claims systems maintained by the Retrocedant prior to the First Closing Date, provided, that the accounting and claims systems treatment of a particular Policy shall not be given any weight in making such determination if it can be shown that such treatment was in error at the time of entry of such data onto such systems.