Amendment to Section 2 definition
Amendment to Section 2. 3D: Utilization Fee Subsection 2.3D of the Credit Agreement is amended by deleting the reference therein to "0.25%" and substituting "0.30%" therefor and deleting the two references therein to "0.50%" and substituting "0.60%" therefor.
Amendment to Section 2. The first sentence of Section 2 of the Agreement is hereby deleted and the following inserted in its place: "The Employer agrees to pay the Employee during the Term of this Agreement a base salary as follows: Through September 30, 2001, a salary at an annual rate equal to $325,000 U.S. Dollars with the salary to be reviewed annually thereafter during the Term of this Agreement by the Board of Directors or the Compensation Committee of the Employer, as the case may be."
Amendment to Section 2. 2. The first sentence of Section 2.2 is hereby amended to read in its entirety as follows: "For the avoidance of doubt, the Excluded Assets listed in Schedule 2.2 existing as of the Effective Time shall be retained by the Vendor or the U.S. Vendor and shall not be sold, assigned or transferred to the Purchaser or the U.S. Purchaser pursuant to this Agreement." Amendment to Section 2.4. Section 2.4 of the Purchase Agreement is hereby amended to read in its entirety as follows: "The purchase price payable to the Vendor for the Assets and to the U.S. Vendor for the U.S. Assets will be U.S. $232,412,850 (such amount being hereinafter referred to as the "Purchase Price), together with interest thereon from the Effective Time to but excluding the Closing Date at the rate of 8 1/2% per annum, and subject to adjustment (i) as The Vendor shall undertake to have all utility service meters recorded as of 8:00 a.m. on the Effective Date, with charges prior to such time solely for the account of Vendor and charges thereafter for the account of Purchaser. Purchaser shall make arrangements for utility services on and after 8:00 a.m. on the Closing Date. In addition to the Purchase Price and in consideration of execution and delivery by ICI Parent of the Noncompetition Agreement referred to in Section 6.1(1)(l), the U.S. Purchaser agrees to pay or cause to be paid to ICI Parent the sum of U.S.$3,157,900, together with interest thereon from the Effective Time to but excluding the Closing Date at the rate of 8 1/2% per annum, with respect to the limitations and restrictions therein provided applicable to the U.S. Business." Amendment to Section 2.5. The first paragraph of Section 2.5 of the Purchase Agreement dealing with Purchase Price Allocation is hereby amended to read in its entirety as follows: "Each of the Vendor, the U.S. Vendor and the Purchaser and the U.S. Purchaser have agreed upon an allocation of the Purchase Price among the Assets and US. Assets prior to the Effective Time in the manner set forth in Schedule 2.5 attached to this Agreement. The parties hereby agree to use such allocation and to cooperate in good faith with each other in connection with the preparation or filing of any information required to be furnished to Revenue Canada and "The amount payable to ICI Parent pursuant to Section 2.4 shall be payable by delivery to ICI Parent at the Time of Closing of a certified check or bank draft or by wire transfer of funds to ICI Parent pursuant to wire tr...
Examples of Amendment to Section 2 in a sentence
The Parties are authorized to make the most efficient and effective use of their powers and responsibilities by cooperating and contracting with other governments in the development of public purpose projects pursuant to Section 18 (2)(a) and (2)(b) of Article XIV, and the Amendment to Section 2 of Article XI of the Colorado Constitution, and C.R.S. §§ 23-31- 120 and 29-1-20, et seq., as amended.
Amendment to Section 2: Amounts and Terms of Commitments and Loans.
Amendment to Section 2 of the Purchase Agreement (Supplemental Properties).
Section 2.4 Amendment to Section 2 of the Advance Formula Agreement.
More Definitions of Amendment to Section 2
Amendment to Section 2. Amounts and Terms of Commitments and Loans