Amendment to Security Agreement Sample Clauses
An Amendment to Security Agreement clause allows the parties to modify the terms of an existing security agreement. This clause typically outlines the process for making changes, such as requiring written consent from all parties or specifying which provisions can be altered. By providing a formal mechanism for updates, it ensures that any adjustments to the agreement are clearly documented and agreed upon, thereby maintaining the enforceability and clarity of the parties' security interests.
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Amendment to Security Agreement. 2.1 Section 2.1(xviii) of the Security Agreement is hereby amended in its entirety as follows:
Amendment to Security Agreement. A new Section 11.5 is hereby added to the Security Agreement as set forth below:
Amendment to Security Agreement. The Security Agreement is hereby amended by deleting the definition of “Obligations” in Section 1 thereof and replacing it with the following:
Amendment to Security Agreement a. The following definition set forth in Article I of the Security Agreement is hereby amended and restated to read in its entirety as follows:
Amendment to Security Agreement. The Security Agreement is hereby amended so that any reference to the “Note” in the Security Agreement shall mean the Note as amended by this Amendment.
Amendment to Security Agreement. On the Effective Date, the Security Agreement shall be amended as follows:
(a) The second Whereas clause of the Security Agreement shall be amended and restated as follows:
Amendment to Security Agreement. The definition of “Secured Party” as set forth in Section 1.02 of the Guarantee and Security Agreement is hereby amended in its entirety as follows:
Amendment to Security Agreement. Section 1.1 of the Original Security Agreement is hereby deleted in its entirety and replaced with the following:
Amendment to Security Agreement. The Security Agreement is hereby amended to add the following new Sections 24 and 25 thereto:
Amendment to Security Agreement. Section 7(k) of the Security Agreement is hereby amended and restated in its entirety as follows: