Common use of Construction and Amendment Clause in Contracts

Construction and Amendment. 16.1 These terms and conditions supersede all previous terms and conditions and all cash deposited by the Merchant Bank with MAS under such previous terms and conditions shall be deemed to form part of the cash deposited by the Merchant Bank under the Agreement. 16.2 MAS reserves the right, from time to time and at any time, to amend these terms and conditions by deleting, substituting or adding to any of these terms and conditions, and where any amendment is made, MAS shall give the Merchant Bank notice in writing of the amendment (“Notice of Amendment”) at least thirty (30) days before the day the amendment becomes effective and binding.