Change in Defined Terms Sample Clauses

The 'Change in Defined Terms' clause establishes the process and authority for modifying the specific definitions used throughout a contract. Typically, this clause outlines who can propose or approve changes to defined terms, and may require written agreement or formal amendment procedures to ensure all parties are aware of and consent to the updated meanings. Its core function is to maintain clarity and consistency in contractual language, preventing misunderstandings or disputes that could arise from ambiguous or evolving definitions.
Change in Defined Terms. The following definitions in the Loan Agreement are hereby amended and restated in their entirety to read as follows: