Clause Library

Modification

Specifies the conditions under which the contract can be modified, usually requiring a written agreement by all parties.

Drafting Tips

State that any modifications to the contract must be made in writing and signed by all parties, similar to the Amendments clause.
Sample Clauses
Source Underwriting Agreement [AQUANTIA CORP]
(2017-10-06) - DE - Semiconductors & Related Devices

This Agreement may not be altered, amended, modified, or changed except by another written agreement executed by authorized representatives of both parties.
Source Research Agreement [ARCTURUS THERAPEUTICS LTD.]
(2018-05-14) - L3 - Pharmaceutical Preparations

No modification to this Agreement shall be effective unless agreed to in writing by duly authorized representatives of the
Source Guaranty Agreement [ATHENE HOLDING LTD]
(2016-10-25) - DE - Life Insurance

This Release may be modified only by a writing signed by all parties.
Source Promissory Note [AMERICAN CARESOURCE HOLDINGS, INC.]
(2016-05-16) - DE - Services-Misc Health & Allied Services, NEC

Sellers, or the holder hereof, shall not be deemed to have modified, terminated, discharged or waived any of the rights hereunder unless such modification, termination, discharge or waiver be in writing and signed by such Seller or holder.
Source Indenture Agreement [ARDAGH GROUP S.A.]
(2021-03-08) - N4 - Glass Containers

No modification, amendment or waiver of any provision of this Article Ten, nor the consent to any departure by any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstance.
Source Guaranty Agreement [ATHENE HOLDING LTD]
(2016-10-25) - DE - Life Insurance

This Release may be modified only by a writing signed by all parties.
Source Executive Employment Agreement [BANKRATE, INC.]
(2017-07-07) - DE - Services-Computer Processing & Data Preparation

This Agreement may be modified only by agreement in writing signed by both the Company and Executive.
Source Management Agreement Amendment [CALIBURN INTERNATIONAL CORP]
(2018-10-19) - Services-Management Services

Except as specifically amended or supplemented hereby, the Management Agreement is and remains unmodified and in full force and effect and is hereby ratified and confirmed. This Amendment may not be modified except by written agreement of the parties.
Source Executive Employment Agreement [CAPSTAR FINANCIAL HOLDINGS, INC.]
(2018-05-02) - TN - State Commercial Banks

17.Modification. This Agreement shall not be modified or amended except by a writing duly executed by both parties. No waiver of any provision of this Agreement shall be effective unless the waiver is in writing and duly executed by both parties.
Source Defined Contribution Prototype Plan and Trust Agreement [CARBO CERAMICS INC]
(2017-08-02) - DE - Abrasive, Asbestos & Misc Nonmetallic Mineral Prods

The Employer in its Adoption Agreement may elect to modify the methods of payment available under the Plan, consistent with this Section 6.03. If the Employer's Plan is a Restated Plan, or in any other permitted Plan amendment, the Employer in accordance with Treas. Reg. §1.411(d)-4, may elect to eliminate from the prior Plan certain Protected Benefits.
Source Retention Bonus Agreement [CHINOOK THERAPEUTICS, INC.]
(2020-03-09) - DE - Pharmaceutical Preparations

This Agreement may not be amended or modified except in a writing signed by the Company and Employee, and no provision may be waived except in a writing signed by the party waiving compliance.
Source Registration Statement (Securities Offering) [CHENIERE CORPUS CHRISTI HOLDINGS, LLC]
(2017-11-02) - DE - Natural Gas Distribution

"Modification" means, with respect to any Finance Document, any amendment, supplement, waiver or other modification of the terms and provisions thereof and the term "Modify" shall have a corresponding meaning; provided, that with respect to Sections 7.2(b)(ii)(A), (B) and (C) (Modification Approval Levels) of the CSAA, the exercise of any option, right or entitlement expressly set forth in the proviso to each such clause shall not be a Modification.
Source Officer Separation Agreement [CMS ENERGY CORP]
(2017-02-07) - MI - Electric & Other Services Combined

Except as otherwise provided in this Agreement, this Agreement shall not be varied, altered, modified, canceled, changed, or in any way amended except by mutual agreement of the parties in a written instrument executed by the parties hereto or their legal representatives, provided however, that the consent of the Employer shall only be given with the prior approval of the Committee and no person acting on behalf of the Employer, or purporting to do so, shall have any authority to do so without such prior approval.
Source Offering Circular [COLLECTABLE SPORTS ASSETS, LLC]
(2020-10-16) - DE - Retail-Retail Stores, NEC

This Subscription Agreement shall not be modified or waived except by an instrument in writing signed by the party against whom any such modification or waiver is sought.
Source Articles Supplementary [DUFF & PHELPS UTILITIES TAX FREE INCOME INC]
(2016-12-30) - MD -

To the extent permitted by applicable law, Section 2.6(c) hereof and the Purchase Agreement, the Board of Directors, without the vote of the Holders of VMTP Shares, may interpret, supplement or amend the provisions of these Articles Supplementary or any Appendix to supply any omission, resolve any inconsistency or ambiguity or to cure, correct or supplement any defective or inconsistent provision, including any provision that becomes defective after the date hereof because of impossibility of performance or any provision that is inconsistent with any provision of any other Preferred Stock of the Fund so long as the amendment does not in the aggregate adversely affect the rights and preferences of the VMTP Shares affected thereby.
Source Prospectus Supplement for Debt Securities [EP INCOME CO LLC]
(2019-10-17) - DE -

Modification. The Board of Directors, without the vote of the Holders of Series [ ] Preferred Stock, may interpret, supplement or amend the provisions of this Certificate of Designation to supply any omission, resolve any inconsistency or ambiguity or to cure, correct or supplement any defective or inconsistent provision, including any provision that becomes defective after the date hereof because of impossibility of performance or any provision that is inconsistent with any provision of any other Capital
Source Lease Amendment [FIRST MARBLEHEAD CORP]
(2016-05-10) - Personal Credit Institutions

No modification of the Lease as amended by this Amendment shall be valid or effective unless in writing and signed by the party against whom the modification is to be enforced.
Source Exhibit Document (Servicing Review) [FIRSTKEY MORTGAGE, LLC]
(2016-11-18) - FL -

The loan has been modified. The modification date is [Modification.Date]. The modified principal balance is [Modification.Principal]. The modification interest rate is [Modification.Interest]. The modification maturity date is [Modification.Maturity].
Source Exhibit Document (Servicing Review) [FIRSTKEY MORTGAGE, LLC]
(2016-11-18) - FL -

The loan has been modified. The modification date is [Modification.Date]. The modified principal balance is [Modification.Principal.Balance]. The modification interest rate is [Modification.Interest.Rate]. The modification maturity date is [Modification.Maturity.Date].
Source Compliance Report [FIRSTKEY MORTGAGE, LLC]
(2017-04-28) - FL -

Loan ID: [Loan.ID] Field Label: [Field.Label] Bid Tape Field Value: [Field.Value] Field Value: [Field.Value] Comment: [Comment]
Source Compliance Report [FIRSTKEY MORTGAGE, LLC]
(2017-04-28) - FL -

The loan has been modified. The modification date is unavailable. The modified principal balance is unavailable. The modification interest rate is unavailable. The modification maturity date is unavailable.