Modification to Section Clause Samples
A Modification to Section clause establishes the process and conditions under which a specific section of an agreement can be changed or amended. Typically, this clause outlines who has the authority to propose or approve modifications, the required form such changes must take (such as written consent), and any limitations or procedures that must be followed. For example, it may require both parties to sign off on any alterations to ensure mutual agreement. The core function of this clause is to provide a clear, agreed-upon method for updating contract terms, thereby preventing unauthorized or unilateral changes and reducing the risk of disputes.
Modification to Section. 3.1(c). The reference to “0.200%” in Section 3.1(c) of the Credit Agreement is hereby deleted and is hereby replaced with “0.150%”.
Modification to Section. 1.5 ---------------------------
Modification to Section. Section 2.4 is deleted and replaced with the words: "Intentionally Deleted".
Modification to Section. 2.2(b). The phrase "the first day of the ninth (9th) month of the Initial Term" contained in the first sentence of Section 2.2(b) of the Lease is hereby deleted and the date of June 14, 2005 is substituted in replacement thereof.
Modification to Section. 6.1 when a Plan is a Top-Heavy Plan - For any Limitation Year prior to January 1, 2000 in which the Plan is determined to be a Super Top-Heavy Plan, the definitions of the "Defined Benefit Fraction", and "Defined Contribution Fraction" will be changed by substituting in the denominator of each Fraction "
Modification to Section. 7.8. Section 7.8 of the Loan Agreement is hereby amended to read as follows:
Modification to Section. 5(b). Section 5(b) of the Original Agreement, which states:
Modification to Section. 3.1 of the Fourth Amendment. Effective as of the date hereof, Section 3.1 of the Fourth Amendment is hereby amended in its entirety to read as follows: