Amendments to Sections 2 Sample Clauses
The "Amendments to Sections 2" clause establishes the process and authority for making changes specifically to Section 2 of the agreement. Typically, this clause outlines who can propose or approve modifications, the required form such amendments must take (such as written consent), and any limitations or procedures that must be followed. For example, it may require both parties to sign off on any changes to Section 2, ensuring that no unilateral alterations are made. The core function of this clause is to provide a clear and controlled method for updating or revising Section 2, thereby preventing misunderstandings and unauthorized changes.
Amendments to Sections 2. 08 and 2.11 of the Original ---------------------------------------------------- Indenture. Sections 2.08 and 2.11 of the Original Indenture is hereby amended by --------- replacing the words "contingent interest" in the third and fourth paragraphs of Section 2.08 and in Section 2.11 therein with "contingent interest and cash interest."
Amendments to Sections 2. 1(b), 2.1(c), 2.1(d), 2.1(e) and 2.1(f). Sections 2.1(b), 2.1(c), 2.1(d), 2.1(e) and 2.1(f) of the Agreement are hereby amended and restated in their entirety as follows:
Amendments to Sections 2. 2.5 and 2.2.7 of the Agreement.
a. Section 2.2.5 shall be deleted in its entirety and replaced with the following:
Amendments to Sections 2. 1(a)(iii), 2.1(a)(iv), 2.1(a)(v), 2.1(a)(vi) and 2.1(a)(vii). Sections 2.1(a)(iii), 2.1(a)(iv), 2.1(a)(v), 2.1(a)(vi) and 2.1(a)(vii) of the Agreement are hereby amended and restated in their entirety as follows:
Amendments to Sections 2. 2 through 2.8. Sections 2.2 through 2.8 of the Employment Agreement are hereby amended to read in their entirety as follows:
Amendments to Sections 2. 03(a)(ii)(A) and (B) of the Credit Agreement. Sections 2.03(a)(ii)(A) and (B) of the Credit Agreement are hereby amended and restated in their entirety to read as follows:
(A) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve months after the date of issuance or last extension, unless the Required Lenders have approved such expiry date; provided, that, Letters of Credit in an aggregate amount up to $5,000,000 may have a longer expiry date of up to three years after the date of issuance or extension, provided, further, that if any Letter of Credit issued pursuant to the preceding proviso is outstanding on the 180th day prior to the Maturity Date or is issued or extended on or after such date, the Borrower shall Cash Collateralize such Letter of Credit in an amount equal to 105% of the stated amount of such Letter of Credit on or before the 170th day prior to the Maturity Date (or if issued or extended on or after the 180th day prior to the Maturity Date, immediately upon such issuance or extension); or
(B) except with respect to Letters of Credit issued pursuant to the provisos in clause (A) above, the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Lenders have approved such expiry date.
Amendments to Sections 2. 13(f) and (g). Sections 2.13(f) and (g) of the Credit Agreement are hereby amended in their entirety as follows:
Amendments to Sections 2. 15(a), (d) and (e). Sections 2.15(a), (d) and (e) of the Credit Agreement are hereby deleted in their entirety and replaced with the following text, respectively:
Amendments to Sections 2. 03 and 2.08(b). The parentheticals at the end of the second to last paragraphs of Sections 2.03 and 2.08(b) of the Credit Agreement are each hereby amended and restated as follows:
Amendments to Sections 2. 03(b)(i), (ii) and (iv). Sections 2.03(b)(i), (ii) and (iv) of the Credit Agreement are hereby deleted in their entirety and replaced with the following text, respectively:
(i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of any Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit ApplicationNotice, appropriately completed and signed by a Responsible Officer of such Borrower. Such Letter of Credit ApplicationNotice may be sent by fax transmission, by United States mail, by overnight courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by any other means acceptable to the L/C Issuer. Such Letter of Credit ApplicationNotice must be received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least twothree (23) Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, the Letter of Credit Application included in such Letter of Credit ApplicationNotice shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, the Letter of Credit Application included in such Letter of Credit ApplicationNotice shall specify in form and detail satisfactory to the L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as the L/C Issuer may require. Additionally, such Borrower shall furnish to the L/C Issuer and the Administrative Agent a Letter of Credit Notice and such other documents and information pertaining to such requested Le...