Common use of Consideration for Amendment Clause in Contracts

Consideration for Amendment. As consideration for the execution of this Amendment, the warrants issued to each of the Guarantors in connection with the Guaranties will be amended, effective April 1, 1999, to reflect a change in the exercise price of each of the warrants to $7.50 per share, subject to adjustment as provided therein. To implement the foregoing, each of (i) Amendment No. 1 to the New Warrants, in the form annexed hereto as Exhibit A, and (ii) Amendment No. 3 to the Amended Warrants, in the form annexed hereto as Exhibit B, have been executed by the parties hereto.

Appears in 2 contracts

Sources: Guaranty Issuance Agreement (Hughes Communications Satellite Services Inc), Guaranty Issuance Agreement (Singapore Telecommunications LTD)

Consideration for Amendment. As consideration for the execution --------- --------------------------- of this Amendment, the warrants issued to each of the Guarantors in connection with the Guaranties will be amended, effective April 1, 1999, to reflect a change in the exercise price of each of the warrants to $7.50 per share, subject to adjustment as provided therein. To implement the foregoing, each of (i) Amendment No. 1 to the New Warrants, in the form annexed hereto as Exhibit A, and (ii) Amendment No. 3 to the Amended Warrants, in the form annexed hereto as Exhibit B, have been executed by the parties hereto.

Appears in 1 contract

Sources: Guaranty Issuance Agreement (American Mobile Satellite Corp)