Amendment to Section 5.06 Clause Samples
The "Amendment to Section 5.06" clause serves to modify or update the terms originally set out in Section 5.06 of an agreement. This amendment may involve changing deadlines, obligations, or procedures specified in that section, such as adjusting reporting requirements or altering payment terms. By formally documenting these changes, the clause ensures that all parties are aware of and agree to the revised terms, thereby maintaining clarity and preventing disputes over the applicable obligations.
Amendment to Section 5.06. Section 5.06 of the Purchase Agreement is hereby amended by adding the following clause (c) immediately after clause (b) thereof:
Amendment to Section 5.06. Section 5.06 of the Agreement is hereby amended and restated in its entirety as follows (changes are shown in blacklined form for convenience):
Amendment to Section 5.06. Section 5.06 is hereby amended by, immediately after the words “as often as reasonably requested”, adding the following words “(but in no event more frequently than one time a year unless an Event of Default has occurred and is continuing)”.
Amendment to Section 5.06. Section 5.06 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Section 5.06 a. A new subsection to Section 5.06 shall be added as follows:
Amendment to Section 5.06. Section 506 of the Indenture shall be amended by deleting the clause "FOURTH: To the Company" therein and substituting in lieu thereof the following clause: FOURTH: To the Company or the Parent Guarantor, to the extent such moneys were provided thereby, their respective successors or assigns or to whomsoever may be lawfully entitled to receive the same, or as a court of competent jurisdiction may direct.