The definition of Clause Examples
The 'definition of' clause establishes the precise meaning of specific terms used throughout a contract or legal document. It typically lists key words or phrases and assigns them clear, unambiguous definitions to ensure all parties interpret them consistently. For example, it might clarify that 'the Company' refers to a particular business entity or that 'Effective Date' means the date the agreement is signed. This clause's core function is to prevent misunderstandings and disputes by ensuring that all parties share a common understanding of important terms.
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The definition of. Permitted Stock Payments" in subsection 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
The definition of. “Due Diligence Deadline” is hereby amended to read as follows (additions are shown as double-underlined and deletions are shown as struck through):
The definition of. Change of Control" contained in Section 1.1 of the Indenture is hereby amended and restated in its entirety to read as follows:
The definition of. Stock Option Agreement" in paragraph 1 of the Agreement is hereby deleted in its entirety and the following is hereby inserted in its place:
The definition of. “First Amendment” set forth below is hereby added to Section 1.01 of the Agreement:
The definition of. Fixed Charge Component" in Section 1.1 of the Loan and Security Agreement is amended by adding the words ", the Senior Exchange Notes" immediately before the words "or the Fonda Senior Subordinated Notes" ▇▇ ▇lause (y) of the parenthetical contained in clause (iv) of such definition.
The definition of. Consolidated Net Worth" in Section 7 of the Credit Agreement is hereby deleted in its entirety and the following substituted therefor:
The definition of. Pro Rata Share" in Annex A to the Credit Agreement is hereby amended and restated in its entirety to read as follows:
The definition of. Revolving Credit Notes" in Section 2 of the Credit Agreement hereby is deleted in its entirety and the following is substituted in its place: Revolving Credit Notes shall mean each of the Revolving Credit Notes of the Borrower to be executed and delivered to each of the Lenders pursuant to Section 3.1, pursuant to the First Amendment or pursuant to an Assignment Agreement, as the same may from time to time be amended, modified, extended or renewed.
The definition of. “Global Subsidiary Guarantor” appearing in Section 1 of the DIP Credit Agreement is hereby amended to read in its entirety as follows: