Common use of Scheduled Changes Clause in Contracts

Scheduled Changes. The Merchant Operating Manual is scheduled to be published twice each year, in April and October. We have the right to, and hereby notify you that we may, change the provisions of the Merchant Operating Manual in scheduled releases (sometimes called “Notification of Changes” in our materials) as follows: • a release of scheduled changes, to be published every April, which changes shall take effect in the following October (or in a later) edition of the Merchant Operating Manual or during the period between two editions of the Merchant Operating Manual, and • a release of scheduled changes, to be published every October, which changes shall take effect in the following April (or in a later) edition of the Merchant Operating Manual or during the period between two editions of the Merchant Operating Manual. Where a change is to take effect during the period between two editions of the Merchant Operating Manual, we shall also include the change in the edition of the Merchant Operating Manual covering the period during which the change shall take effect, noting the effective date of the change therein.