Certain Permitted Modifications Sample Clauses
The 'Certain Permitted Modifications' clause defines specific changes or alterations to an agreement or its subject matter that are allowed without breaching the contract. Typically, this clause outlines which modifications can be made unilaterally or by mutual consent, and may list examples such as minor technical updates, administrative adjustments, or changes required by law. Its core function is to provide flexibility for the parties to adapt to minor or anticipated changes without the need for a formal amendment process, thereby reducing administrative burden and preventing unnecessary disputes over trivial modifications.
Certain Permitted Modifications. Notwithstanding the other provisions of this Section 12.4, Borrower and Administrative Agent and/or Hermes Agent may (but shall have no obligation to) amend or supplement the Credit Documents or an Equipment Supplier Disbursement Certificate without the consent of any Lender for the purpose of (a) curing any ambiguity, defect or inconsistency and (b) making any change that would provide any additional rights or benefits to the Lenders.