Amendment Request Sample Clauses
An Amendment Request clause outlines the process by which parties to an agreement can propose changes to the terms of the contract. Typically, this clause specifies the formal steps required to submit a request, such as providing written notice and detailing the proposed amendments. It may also set out timelines for review and approval, and clarify whether mutual consent is needed for changes to take effect. The core function of this clause is to provide a clear, structured mechanism for modifying the agreement, ensuring that any alterations are documented and agreed upon by all parties, thereby reducing the risk of misunderstandings or disputes.
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Amendment Request. Borrower, Guarantors and L▇▇▇▇▇ desire to amend certain of the terms and conditions of the Loan Agreement and certain of the Loan Documents described above and all of the parties are willing to execute this Amendment.
Amendment Request. You have requested that the Facility Agreement be amended as set forth in this Amendment to allow the Proposed Amalgamation and related transactions to occur.
Amendment Request. Accordingly, in accordance with Clause 36 (Amendments and waivers) of the Facility Agreement, we request that you seek the consent of the Majority Lenders to the amendment of the following provisions of the Facility Agreement:
(a) paragraph (b) of Clause 7.2 (Conditions relating to Optional Currencies) be deleted in full and replaced with the following:
(b) (i) on and before 30 September 2021 only, sterling or Canadian dollars, or (ii) has been approved by the Agent (acting on the instructions of all the Lenders) as an Optional Currency in relation to that Loan on or prior to receipt by the Agent of the relevant Utilisation Request in relation to that Loan.”
Amendment Request. 13. Pursuant to clause 37 (Amendments and waivers) of the Facility Agreement, by and with effect from the date of the Agent's countersignature of this letter, it is hereby confirmed that the requisite Lenders under the Facility Agreement consent to the following amendments to the Facility Agreement: (A) Replace the entirety of clause 9.2 (Change of Control) of the Facility Agreement with the following: "
Amendment Request. 3.1 The Company requests the Lenders' consent for the following changes:
(a) paragraph (b) of the definition of "Availability Period" in Clause 1.1 (Definitions) of the Facilities Agreement shall be deleted in its entirety and be replaced with the following: "in relation to Facility B, the period from and including 1 July 2020 to and including 31 March 2021; and"
3.2 The amendment requested in paragraph 3.1 above requires the consent of all Lenders. H▇▇▇▇ Lovells
Amendment Request. (a) The Company requests that the Participating Noteholders agree to amend the Lock-Up Agreement as contemplated in this letter (the Amendment Request).
(b) Clauses 12.1(b)(x) and 12.1(b)(xi) of the Lock-Up Agreement did not correctly reflect the intentions of the parties to the Lock-Up Agreement and are therefore being deleted.
Amendment Request. 2.1 Accordingly, in accordance with Clause 35 (Amendments and Waivers) of the Facility Agreement, we request that you seek the consent of the Majority Lenders to the amendment, as applicable, of the following provisions of the Facility Agreement:
(a) the amendment of Clause 4.3(a) (Conditions relating to Optional Currencies) of the Facility Agreement so that the words struck through below are deleted and the words underlined below are added:
Amendment Request. Accordingly, in accordance with Clause 40 (Amendments and waivers) of the Facilities Agreement, we request that you seek the consent of the Lenders to the replacement of Part B (The Lenders – Loan Commitments) of Schedule 1 (The Parties) of the Facilities Agreement with the wording set out in schedule 1 to this letter, as soon as possible and in any event by no later than 5.00 p.m. on the date falling three Business Days from the date of this letter.
Amendment Request. The Borrower hereby requests the consent of the Lenders to: (a) delete the definition of “Availability Period” in its entirety and replace it with the following: “Availability Period means (a) for all commitments other than the Reserved Commitments, the period from (but excluding) the Closing Date until (and including) 8 July 2022 and (b) for the Reserved Commitments, the Termination Date.”; (b) include the following definition in alphabetical order in Clause 1.1: “Reserved Commitments means commitments of the Lenders in an aggregate amount equal to $10,000,000.”; and (c) include the following new paragraph (g) in Clause 3:
Amendment Request. 2.1 In accordance with clause 35 (Amendments and waivers) of the Facility Agreement, we hereby request the consent of the Majority Lenders (as defined in the Facility Agreement) to the amendments of the provisions of the Facility Agreement as set out below.
2.2 Clause 20.1 (a) (Financial Statements) of the Facility Agreement is hereby amended and restated in its entirety to read as follows: “The Company shall supply to the Agent in sufficient copies for all the Lenders:
(a) as soon as the same become available, (but in any event, in the case of the Company, within 90 days after the end of each of its Financial Years and, in the case of each other Obligor, within the time limit provided by law for the filing of the same);
(i) its audited consolidated financial statements for that Financial Year;
(ii) the unaudited financial statements for each of Aon Southern Europe B.V. and Aon Group International B.V. for that Financial Year; and
(iii) the financial statements of each other Obligor for that Financial Year audited to the extent required by the law of the jurisdiction of incorporation of such Obligor, together with, where appropriate, a copy of the management letter (if any) addressed by the auditors to the directors of the relevant Obligor in Corporate Treasury ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ | ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ t: +▇.▇▇▇.▇▇▇.▇▇▇▇ | f: +▇.▇▇▇.▇▇▇.▇▇▇▇ w: ▇▇▇.▇▇▇ connection with its auditing of the relevant accounts as soon as reasonably practicable after receipt of the letter by that Obligor.”
2.3 The definition of “EBITDA” included at clause 21.3 (Definitions) is hereby amended and restated in its entirety to read as follows: