Amendment to Purchase Agreement Sample Clauses
An amendment-to-purchase-agreement clause establishes the process and requirements for making changes to an existing purchase agreement. Typically, this clause specifies that any modifications must be made in writing and agreed upon by all parties involved, ensuring that verbal agreements or informal changes are not legally binding. Its core practical function is to maintain clarity and prevent disputes by ensuring that all alterations to the original contract are documented and mutually acknowledged.
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Amendment to Purchase Agreement. Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Purchase Agreement. As of the Effective Date, the Purchase Agreement is hereby amended as follows:
Amendment to Purchase Agreement. The Purchase Agreement is hereby amended in the following manner:
Amendment to Purchase Agreement. The Purchase Agreement shall be amended as follows:
(a) The following defined terms in Section 1.01 of the Purchase Agreement are hereby deleted in their entirety and replaced with the following:
Amendment to Purchase Agreement. The Purchase Agreement is hereby amended in the following manner:
(a) The term “Purchaser” as used in the Purchase Agreement is amended to mean Purchaser and/or Assignee.
Amendment to Purchase Agreement. The Agreement, as supplemented and amended pursuant to the First Amendment, shall be further amended by deleting Section 6.27 therein in its entirety and replaced with the following:
Amendment to Purchase Agreement. 1.01 The parties hereto acknowledge and agree that Paragraph 5 of Schedule 3.1(k) of the Purchase Agreement is hereby amended by adding the following subparagraph (c) at the end thereof:
Amendment to Purchase Agreement. The Purchase Agreement is hereby amended as follows:
(a) Section 1.2(a). Section 1.2(a) is deleted in its entirety and amended and restated as follows: “The purchase and sale of the Purchased Interest shall take place remotely via the exchange of documents and signatures, on August 28, 2019 at any time after 9:00 a.m. Pacific time on such date and before 3:00 p.m. Pacific time on such date (which time and place are designated as the “Closing” and such date, the “Closing Date”). The total Purchase Price to be paid to Sellers for the Purchased Interest is USD$33,444,000, such Purchase Price to be paid in accordance with the terms of this Agreement.”
(b) Section 1.2(b). Section 1.2(b) is deleted in its entirety and amended as follows: “For and in consideration of the sale, transfer and delivery of the Purchased Interest, Purchaser agrees to and shall (i) cancel Sellers Note in exchange for the transfer by the Majority Sellers of the Retained Interest, which shall satisfy all of the Majority Sellers’ obligations under the Sellers Note and the Security Agreement, (ii) pay to Representative the sum of USD$8,979,500 (the “Cash Consideration”), and (iii) cause to be issued to Sellers in the allocations to be provided by the Representative prior to the Closing the Consideration Shares in respect of Representative’s exercise of the GGB Warrant. At the Closing, each of the Sellers shall deliver to Purchaser a Membership Interest Assignment substantially in the form attached as Exhibit C to this Agreement (the “Membership Interest Assignment”), duly executed by such Seller and, if the Purchased Interest is certificated, a certificate or certificates representing the Purchased Interest.”
(c) Section 1.3(a)(ii). Section 1.3(a)(ii) is deleted in its entirety and amended and restated as follows:
Amendment to Purchase Agreement. The Transferor will not amend, modify or supplement the Purchase Agreement or any other Transaction Document, or waive any provision thereof, or enter into any consent with respect thereto, in each case except with the prior written consent of the Administrative Agent and the Majority Investors; nor shall the Transferor take, or permit Tech Data to take, any other action under the Purchase Agreement that could have a material adverse effect on the Administrative Agent or any Class Investor or which is inconsistent with the terms of this Agreement.
Amendment to Purchase Agreement. The Company and the Investors hereby agree to amend and restate Section 4(k) of the Purchase Agreement to read as follows (emphasis added):