Common use of Supplement and Amendment Clause in Contracts

Supplement and Amendment. The Company, by action of its Board of Directors, and the Rights Agent may from time to time supplement or amend this Agreement without the approval of any holders of Rights in order to cure any ambiguity, to correct or supplement any provision contained in this Agreement that may be defective or inconsistent with any other provisions in this Agreement, or to make any other provisions in regard to matters or questions arising under this Agreement that the Company and Rights Agent may deem necessary or desirable and that will be consistent with, and for the purpose of fulfilling, the objectives of the Board of Directors in adopting this Agreement; provided, however, that following the Stock Acquisition Date, this Agreement shall not be amended in any manner that would adversely affect the basic economic terms of the Rights; provided, further, that, once the Rights are no longer redeemable in accordance with Section 23 of this Agreement, no amendment to this Agreement may have the effect of making the Rights redeemable.

Appears in 4 contracts

Samples: Execution (American Freightways Corp), Rights Agreement Rights Agreement (American Freightways Corp), Execution (American Freightways Corp)

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