Amendment and Restatements Sample Clauses
The Amendment and Restatements clause defines the process by which changes or updates can be made to an existing agreement. Typically, this clause requires that any modifications, additions, or complete restatements of the contract be made in writing and agreed upon by all parties involved. For example, if the parties wish to update certain terms or replace the entire agreement with a revised version, this clause outlines the necessary steps to ensure such changes are valid. Its core function is to maintain clarity and prevent disputes by ensuring that all alterations to the contract are formally documented and mutually accepted.
Amendment and Restatements. Subject to the occurrence of the Restatement Effective Date:
(a) the Existing Credit Agreement (and the schedules and exhibits thereto) is hereby amended and restated to read in its entirety as set forth in Exhibit A hereto (the Existing Credit Agreement as so amended and as otherwise amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Amended and Restated Credit Agreement”). Each of the Successor Administrative Agent, at the direction of the Lenders signatory hereto, the Lenders signatory hereto and the Loan Parties (as defined in the Existing Credit Agreement) consent to the amendment and restatement of the Existing Credit Agreement pursuant to this Restatement Agreement and the terms of the Amended and Restated Credit Agreement.
(b) the Lenders signatory hereto instruct the Successor Administrative Agent to (x) enter into and amend and restate the Guaranty (as defined in the Existing Credit Agreement) in the form attached as Exhibit B hereto (together with the schedules and exhibits thereto, in each case as so amended and restated and as otherwise amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Amended and Restated Guaranty”), (y) enter into and amend and restate the Security Agreement (as defined in the Existing Credit Agreement) in the form attached as Exhibit C hereto (together with the schedules and exhibits thereto, in each case as so amended and restated and as otherwise amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Amended and Restated Security Agreement”) and (z) to enter into the Intercompany Subordination Agreement.
Amendment and Restatements. The Administrative Agent, the Required Banks (as defined in the Amendment and Restatements) and each relevant Loan Party shall have executed and delivered the Amendment and Restatements in form and substance satisfactory to the Arrangers.
Amendment and Restatements. This Security Agreement amends and restates, and is given in substitution for, but not in satisfaction of, that certain Security Agreement, dated as of October 20, 1995 (the "Prior Security Agreement"), provided, that nothing contained in this Security Agreement, the Credit Agreement or any other Loan Document shall limit or affect the liens and security interest heretofore granted, pledged and/or assigned to the Banks and the Agent for the ratable benefit of the Banks under the Prior Security Agreement.
Amendment and Restatements. Subject to the occurrence of the Effective Date, the Existing Credit Agreement is hereby amended and restated to read in its entirety as set forth in Exhibit A hereto (the Existing Credit Agreement as so amended and as otherwise amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Amended and Restated Credit Agreement”). Each of the Administrative Agent, the Lenders signatory hereto and the Borrower consent to the amendment and restatement of the Existing Credit Agreement pursuant to this Agreement and the terms of the Amended and Restated Credit Agreement.
Amendment and Restatements