Common use of Rectifications or Modifications Clause in Contracts

Rectifications or Modifications. 1. A Party may modify its coverage under this chapter only in exceptional circumstances. 2. When a Party modifies its coverage under this chapter: a) communicate the modification to the other Parties; b) incorporate the change in the corresponding annex; and c) propose to the other Parties appropriate compensatory adjustments to its coverage, with the objective of maintaining a level of coverage comparable to that existing prior to the modification.

Rectifications or Modifications. 1. A Party may modify its coverage under this chapter only in exceptional circumstances. . 2. When a Party modifies its coverage under this chapter: a) communicate the modification to the other Parties; b) incorporate the change in the corresponding annex; and c) propose to the other Parties appropriate compensatory adjustments to its coverage, with the objective of maintaining a level of coverage comparable to that existing prior to the modification.