Second Addendum Clause Samples
A Second Addendum is a supplementary document added to an existing contract or agreement to introduce new terms, modify existing provisions, or clarify previous amendments. It typically references the original contract and any prior addenda, specifying the exact changes or additions being made, such as adjusting deadlines, updating payment terms, or incorporating new obligations. The core practical function of a Second Addendum is to provide a clear, formal mechanism for parties to update their agreement without drafting an entirely new contract, thereby ensuring that all modifications are documented and enforceable.
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Second Addendum. The Employment Agreement is modified by this Second Addendum, and together, (a) the Employment Agreement, as amended by the First Addendum; and
(b) this Second Addendum constitute the entire understanding and agreement between the Parties, and no addition to, or modification of, any term or provision of these Agreements shall be effective unless it is set forth in writing, signed by the Parties, and is duly approved by the Board of Education.
Second Addendum. 2.1 The outstanding amount (inclusive of any interest that has accrued) under the ASTI Loan Agreement as at the date of this Announcement is S$9,671,372, of which the outstanding interest payments is S$518,773. Under the Second Addendum, the Company and ASTI have agreed that the outstanding sums owed under the ASTI Loan Agreement shall now be paid in accordance with the following tranches:
a. A sum equivalent to S$1million to be payable on 31 July 2024;
b. A sum equivalent to S$1million to be payable on 31 July 2025;
c. A sum equivalent to S$2millon to be payable on 31 July 2026;
d. A sum equivalent to S$2millon to be payable on 31 July 2027;
e. A sum equivalent to S$2millon to be payable on 31 July 2028; and
f. The balance sum outstanding under the ASTI Loan Agreement (inclusive of any interest that has accrued) shall be paid on 31 July 2029, (collectively the “Payment Tranches”).
2.2 Under the Second Addendum, ASTI shall also have the right to review and amend the Payment Tranches after 31 July 2025 by providing the Company notice in writing at least sixty (60) days before the date of the next payment date.
Second Addendum. Subject to the provisions of the Securities Law, convening a Meeting of Debenture Holders, the manner of conducting it and various terms regarding it, shall be as follows:
Second Addendum. Nothing in this Agreement shall modify or invalidate that certain Second Addendum to the Interactive Services Agreement between the Parties effective as of February 20, 2000.
Second Addendum. This Addendum Agreement is made this day of December 2001, between Bioglan Pharma PLC of ▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ DTJ (“Bioglan”) and Jagotec AG of ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇-▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ (“Jago”) and Quintiles Ireland Limited of ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇ (“Quintiles”).