Future Modifications Clause Samples
The Future Modifications clause outlines the process by which changes or amendments to an agreement may be made after the contract has been executed. Typically, this clause specifies that any modifications must be made in writing and agreed upon by all parties involved, ensuring that verbal agreements or informal changes are not considered valid. By establishing a clear procedure for altering the contract, this clause helps prevent misunderstandings and disputes over unauthorized or ambiguous changes, thereby maintaining the integrity and enforceability of the original agreement.
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Future Modifications. If any Leasehold Mortgagee requires any modification of this Agreement or any related sublease, assignment or license of the Team or of any other document to be provided under this Agreement or under any such sublease, assignment or license, or if any such modification is necessary or appropriate to comply with any rating agency requirements, then the Authority shall, at StadCo’s or the Team’s request and reasonable cost and expense, cooperate in good faith to negotiate such instruments in recordable form effecting such modification as such Leasehold Mortgagee or rating agency shall reasonably require, provided that any such modification does not modify amounts payable to the Authority by StadCo or the Team, and does not otherwise materially adversely affect the Authority’s rights or materially decrease StadCo’s obligations under this Agreement. If agreement on any such modification is reached, then the Authority shall at the request of, and reasonable cost and expense of, StadCo execute and deliver such modification, in accordance with and to the extent required by this Section, and place such modification in escrow for release to StadCo or such Leasehold Mortgagee upon the closing of such prospective Leasehold Mortgagee’s loan to StadCo.
Future Modifications. Changes in Circumstances:
1. Changes in Coverages and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Authority, circumstances merit a change in such coverage or minimum limits of insurance required by the contract, the Authority may change the coverage and the minimum limits of insurance required, and the company will, within 60 days of receipt of written notice of a change in the coverage and/or the minimum limits required, comply with such change and provide evidence of such compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made by the Authority until at least two years after inception of the contract or two years after any change by the Authority in the coverages or minimum limits of insurance required in the contract unless extreme conditions warrant such change and are agreeable to both parties. To the extent required by Florida Department of Transportation Public Transportation Grant Agreement, any such change or modification in coverage or STANDARD PROCEDURE Number: S250.06 Effective: 05/31/02 Aviation Authority Revised: 03/04/20 Page: 4 of 11 Subject: CONTRACTUAL INSURANCE TERMS AND CONDITIONS limits shall also apply to the contractors, subcontractors, consultants, and sub- consultants at each tier. If, in the opinion of the Authority, compliance with the insurance requirements is not commercially practicable for the company, its contractors, subcontractors, suppliers, consultants, or subconsultants at each tier, at the written request of the company, the Authority may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the company. Any such modification will be subject to the prior written approval of the Authority’s General Counsel and Executive Vice President of Legal Affairs or designee, and subject to the conditions of such approval.
Future Modifications. This Agreement cannot be modified or amended except by a written instrument signed by the parties.
Future Modifications. This Amendment does not entitle, or imply any consent or agreement to, any further or future modification of, amendment to, waiver of, or consent with respect to any provision of the Loan Agreement.
Future Modifications. Changes in Circumstances:
1. Changes in Coverages and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Authority, circumstances merit a change in such coverages or minimum limits of insurance required by the contract, the Authority may change the coverages and minimum limits of insurance required, and the company will, within 60 days of receipt of written notice of a change in the coverages and minimum limits required, comply with such change and provide evidence of such STANDARD PROCEDURE Number: S250.06 Effective: 05/31/02 Aviation Authority Revised: 12/11/14 Page: 3 of 7 Subject: CONTRACTUAL INSURANCE TERMS AND CONDITIONS compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made until at least two years after inception of the contract. Subsequent changes in the coverages or minimum limits of insurance will not be made until at least two years after any prior change unless extreme conditions warrant such change and are agreeable to both parties. If, in the opinion of the Authority, compliance with the insurance requirements is not commercially practicable for the company, at the written request of the company, the Authority may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the company. Any such modification will be subject to the prior written approval of the Vice President of Facilities and Administration or designee, and subject to the conditions of such approval.
Future Modifications. Changes in Circumstances:
1. Changes in Coverages and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Authority, circumstances merit a change in such coverages or minimum limits of insurance required by the contract, the Authority may change the coverages and minimum limits of insurance required, and the company will, within 60 days of receipt of written notice of a change in the coverages and minimum limits required, comply with such change and provide evidence of such compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made until at least two years after inception of the contract. Subsequent changes in the coverages or minimum limits of insurance will not be made until at least two years after any prior change unless extreme conditions warrant such change and are agreeable to both parties. If, in the opinion of the Authority, compliance with the insurance requirements is not commercially practicable for the company, at the written request of the company, the Authority may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the company. Any such modification will be subject to the prior written approval of the General Counsel and Executive Vice President of Legal Affairs or designee, and subject to the conditions of such approval.
Future Modifications. Versa may at any time post on its website (or that of its affiliates) modifications or restatements of this Agreement, SSA, EOL/EOS Policies or any other policy or guideline referenced in this Agreement or the SSA. Any such modification shall govern the terms of Your license for any extension or renewal term of the license (or of any Subscription or Support & Maintenance Contract, as applicable), but only if that extension or renewal term or reinstatement period starts after posting of the modification. (See also section 8.d., above, regarding application of modifications of this Agreement to Updates.)
Future Modifications. Changes in Circumstances:
1. Changes in Coverage and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Owner, circumstances merit a change in such coverage or minimum limits of insurance required by the contract, the Owner may change the coverage and the minimum limits of insurance required, and the Consultant will, within 60 days of receipt of written notice of a change in the coverage and/or the minimum limits required, comply with such change and provide evidence of such compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made by the Owner until at least two years after inception of the contract. Subsequent changes in the coverage or minimum limits of insurance required will not be made by the Owner until at least two years after any prior change by the Owner unless extreme conditions warrant such change and are agreeable to both parties. To the extent required by Florida Department of Transportation Public Transportation Grant Agreement, any such change or modification in coverage or limits shall also apply to the contractors, subcontractors, suppliers, consultants, and sub-consultants at each tier. If, in the opinion of the Owner, compliance with the insurance requirements is not commercially practicable for the Consultant, contractors, subcontractors, suppliers, consultants or subconsulants at any tier, at the written request of the Consultant, the Owner may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the Consultant, contractors, subcontractors, suppliers, consultants, and sub-consultants at any tier. Any such modification will be subject to the prior written approval of the Owner’s General Counsel and Executive Vice President of Legal Affairs or designee, and subject to the conditions of such approval.
Future Modifications. It is recognized that the Benefit Plans described above 12 have been put together by the Hospital and professional consultants for the benefit of all 13 Hospital employees. The parties further recognize that with the rapidly evolving 14 conditions in health care it is not possible to anticipate the future details of plan benefits 15 or problems. The Hospital may revise its terms to accommodate changing conditions or 16 the interests of the users. In no case, however, will the Hospital's contribution for 17 benefits (standard plan) under the plans drop below the equivalent of $8,000 annually 18 for a full-time nurse, although the level of benefits under the plan may be altered to 19 provide varied benefits. Under either case, the Hospital will pay 85-100 percent of the 20 cost for coverage for core or basic benefits (standard plan) for full-time nurses for 21 health, dental, vision, and life insurance. Before a substantive change in the plans as 22 currently described is effective, the Hospital will provide the Association two comment 1 opportunities by prior written notice (usually at least 90 calendar days and 60 calendar 2 days prior to implementation) to allow the bargaining unit an opportunity to discuss any 3 proposed revisions in the Benefit Plans. In addition, any proposed changes will be 4 submitted for review and comment by the Health Plan Advisory Committee (HPAC). The 5 Hospital will give meaningful consideration to input received from the bargaining unit, 6 the HPAC, and other commentators, before management makes final decisions 7 regarding the redesign of health care benefits. The final design of the plan is recognized 8 as a management responsibility, not subject to substantive review by the grievance and 9 arbitration process of the labor agreement. Any revised plan will be the same for non- 11 regular part-time core nurses who have not elected to receive the 13 percent premium 12 in lieu of benefits the opportunity to purchase coverage.
Future Modifications. Changes in Circumstances:
1. Changes in Coverage and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Owner, circumstances merit a change in such coverage or minimum limits of insurance required by the contract, the Owner may change the coverage and the minimum limits of insurance required, and the Consultant will, within 60 days of receipt of written notice of a change in the coverage and/or INSURANCE REQUIREMENTS ATTACHMENT 3 the minimum limits required, comply with such change and provide evidence of such compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made by the Owner until at least two years after inception of the contract. Subsequent changes in the coverage or minimum limits of insurance required will not be made by the Owner until at least two years after any prior change by the Owner unless extreme conditions warrant such change and are agreeable to both parties. To the extent required by Florida Department of Transportation Public Transportation Grant Agreement, any such change or modification in coverage or limits shall also apply to the contractors, subcontractors, suppliers, consultants, and sub-consultants at each tier. If, in the opinion of the Owner, compliance with the insurance requirements is not commercially practicable for the Consultant, contractors, subcontractors, suppliers, consultants or subconsulants at any tier, at the written request of the Consultant, the Owner may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the Consultant, contractors, subcontractors, suppliers, consultants, and sub-consultants at any tier. Any such modification will be subject to the prior written approval of the Owner’s General Counsel and Executive Vice President of Legal Affairs or designee, and subject to the conditions of such approval.
