THE FIRST SENTENCE. OF SECTION 1(A) OF THE EMPLOYMENT AGREEMENT IS HEREBY AMENDED AND RESTATED IN ITS ENTIRETY AS SET FORTH BELOW: "COMSAT shall employ the Executive to serve as President and Chief Executive Officer of COMSAT or any successor entity for a period (the "Employment Period") commencing on July 19, 1996 (the "Effective Date") and continuing thereafter for successive three-year terms from each successive day thereafter until July 19, 2003, unless terminated in accordance with the provisions of this Agreement; provided, however, that upon the occurrence of a Change in Control (as defined below), the Employment Period shall automatically end on the third anniversary of the date of such Change in Control."
THE FIRST SENTENCE of Section 1.1 of the Original Agreement shall be deleted and replaced in its entirety by the following sentence: "Subject to the terms and conditions of this License Agreement, Softalk hereby grants to Wavetech and each of its subsidiaries (whether now existing or hereafter acquired or formed), for the term of this License Agreement, an exclusive, non-transferable worldwide license, to the current and future communications software developed by Softalk commonly referred to as ICALL, IBILL and IFAX (collectively, the "Softalk Products") for use by Wavetech and its subsidiaries in connection with the distribution, marketing, service, sale and sublicense of the Softalk Products to Commercial Accounts."
THE FIRST SENTENCE of Section 13.1 of the Share Pledge Agreement is hereby amended and restated in its entirety as follows: “The parties shall calculate the Collateral Value Amount on October 31st and April 30th of each year during the term of the Note excluding April 30, 2009 (each an “Evaluation Date”).”
THE FIRST SENTENCE of Section 8.1 of the Credit Agreement is hereby amended in its entirety and as so amended shall read as follows: The Borrower shall, and shall cause each Subsidiary (other than Immaterial Subsidiaries) to preserve and maintain its existence, except as otherwise provided in Section 8.10(ii)(b) hereof.


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  • DELETE IN ITS ENTIRETY AND REPLACE WITH THE FOLLOWING A. The Employer shall not demand or require any applicant for employment or prospective employment or any employee to submit to or take a polygraph, lie detector or similar test or examination as a condition of employment or continued employment.

  • Entirety This Credit Agreement together with the other Credit Documents represent the entire agreement of the parties hereto and thereto, and supersede all prior agreements and understandings, oral or written, if any, including any commitment letters or correspondence relating to the Credit Documents or the transactions contemplated herein and therein.

  • Deleted Definitions Subject to Section 2.01 hereof, the Indenture is hereby amended by deleting any definitions from the Indenture with respect to which references would be eliminated as a result of the amendment of the Indenture pursuant to Section 1.01 hereof.

  • Amended Definition The following definition in Section 1.01 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows:

  • Amendments to Section 1: Definitions A. Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions in proper alphabetical sequence:

  • Original Agreement All references in the Original Agreement to the “Agreement” shall be deemed to be references to the Original Agreement, as amended hereby.

  • Amendment to Definition The definition of “Loan Papers” contained in Section 1.1 of the Credit Agreement shall be amended and restated to read in full as follows:

  • Intentionally Deleted ARTICLE 23

  • Amended Definitions The following definitions in Section 1.01 of the Credit Agreement shall be and they hereby are amended and restated in their respective entireties to read as follows: