Amendments to the Guarantee and US Collateral Agreement Sample Clauses

Amendments to the Guarantee and US Collateral Agreement. Upon the terms and subject to the conditions set forth herein and in reliance on the representations and warranties of the Loan Parties set forth herein, Section 4.7(d) of the Guarantee and US Collateral Agreement is hereby amended by deleting clause (iii) thereof in its entirety and replacing it with the following: “(iii) have opted to be treated as “securities” under Article 8 of the Uniform Commercial Code other than such Pledged LLC Interests or Pledged Partnership Interests as to which such Grantor shall have notified the Administrative Agent thereof and delivered to the Administrative Agent certificated securities representing such Pledged LLC Interests and Pledged Partnership Interests”.
Leverage Work from Millions of Contracts

Save money and time by comparing millions of contracts from the best law firms.

30+ Reviews on G2 Crowd
"The GO-TO site for drafting contracts and clauses; an invaluable reference!"
Robert-B.png
Robert B
Chief Legal Officer