Common use of Notwithstanding Clauses 16 Clause in Contracts

Notwithstanding Clauses 16. 2 and 16.3, MAS may cause any amendment to these terms and conditions to become effective and binding upon the Specified Institution at any time if MAS determines, at its discretion, that exigent circumstances exist which require that such amendment becomes effective for the protection of MAS, national or public interest, public security or safety or for the Specified Institution to comply with legal or regulatory requirements, provided always that this Clause 16.4 shall not apply to any amendment which would have the effect of rendering transactions settled under MEPS+ no longer final and irrevocable.

Notwithstanding Clauses 16. 2 and 16.3, MAS may cause any amendment to these terms and conditions to become effective and binding upon the Specified Institution Merchant Bank at any time if MAS determines, at its discretion, that exigent circumstances exist which require that such amendment becomes effective for the protection of MAS, national or public interest, public security or safety or for the Specified Institution Merchant Bank to comply with legal or regulatory requirements, provided always that this Clause 16.4 shall not apply to any amendment which would have the effect of rendering transactions settled under MEPS+ no longer final and irrevocable.

Notwithstanding Clauses 16. 2 12 and 16.316.23, MAS may cause any amendment to these terms and conditions to become effective and binding upon the Specified Institution at any time if MAS determines, at its discretion, that exigent circumstances exist which require that such amendment becomes effective for the protection of MAS, national or public interest, public security or safety or for the Specified Institution to comply with legal or regulatory requirements, provided always that this Clause 16.4 shall not apply to any amendment which would have the effect of rendering transactions settled under MEPS+ no longer final and irrevocable.

Notwithstanding Clauses 16. 2 1 and 16.316.2, MAS may cause any amendment to these terms and conditions to become effective and binding upon the Specified Institution Merchant Bank at any time if MAS determines, at its discretion, that exigent circumstances exist which require that such amendment becomes effective for the protection of MAS, national or public interest, public security or safety or for the Specified Institution Merchant Bank to comply with legal or regulatory requirements, provided always that this Clause 16.4 shall not apply to any amendment which would have the effect of rendering transactions settled under MEPS+ no longer final and irrevocable.

Notwithstanding Clauses 16. 2 1 and 16.316.2, MAS may cause any amendment to these terms and conditions to become effective and binding upon the Specified Institution at any time if MAS determines, at its discretion, that exigent circumstances exist which require that such amendment becomes effective for the protection of MAS, national or public interest, public security or safety or for the Specified Institution to comply with legal or regulatory requirements, provided always that this Clause 16.4 shall not apply to any amendment which would have the effect of rendering transactions settled under MEPS+ no longer final and irrevocable.