Addition of Sections Sample Clauses

The 'Addition of Sections' clause allows for new sections or provisions to be incorporated into an existing agreement or document. Typically, this clause outlines the process by which parties can propose, review, and formally adopt additional sections, often requiring mutual consent or written agreement. Its core practical function is to provide flexibility, enabling the contract to adapt to changing circumstances or new requirements without needing to draft an entirely new agreement.
Addition of Sections. Article III of the Loan Agreement is hereby amended by adding new Sections 3.7 and 3.8 thereto which shall read as follows:
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Addition of Sections. 4.1(h), (i)
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Addition of Sections. A new section 12.10 (d) is hereby added as follows: (d) Each and every reference to share prices, numbers of shares and any other numbers in this Agreement that relate to the Buyer Shares shall be automatically adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions that occur with respect to the Buyer Shares after the date of this Agreement. ” A new section 2.6 (e) is hereby added as follows: (e) For the avoidance of doubt, the parties hereto acknowledge that regardless of the determination or the status of the payments set forth in this Section 2, no buy back, claw back or any other right which would allow the Seller to have a portion or the entirety of the Shares returned to him is contemplated hereunder. ”
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Addition of Sections. 23, 24 and 25. The Supplement is hereby amended by adding the following new Sections 23, 24 and 25 after Section 22 of the Supplement:
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Addition of Sections. 1.1(t) and 1.1(u). Pursuant to this Amendment, the following definitions are hereby added to Section 1.1:
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Related to Addition of Sections

  • Application of Section 409A Notwithstanding anything to the contrary herein, the following provisions apply to the extent severance benefits provided herein are subject to Section 409A of the Code and the regulations and other guidance thereunder and any state law of similar effect (collectively “Section 409A”). Severance benefits shall not commence until Executive has a “separation from service” for purposes of Section 409A. If Executive is a “specified employee” within the meaning of 409A(a)(2)(B)(i) of the Code, any installment payments of Disability Base Salary Payments pursuant to Section 6.3(b) or Cash Compensation Amounts pursuant to Section 6.5(b) or 6.6(b) that are triggered by a separation from service shall be accelerated to the minimum extent necessary so that (a) the lesser of (y) the total cash severance payment amount, or (z) six (6) months of such installment payments are paid no later than March 15 of the calendar year following such termination, and (b) all amounts paid pursuant to the foregoing clause (a) will constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations and thus will be payable pursuant to the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations. It is intended that if Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code at the time of such separation from service the foregoing provision shall result in compliance with the requirements of Section 409A(a)(2)(B)(i) of the Code because payments to Executive will either be payable pursuant to the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations or will not be paid until at least 6 months after separation from service. The severance benefits are intended to qualify for an exemption from application of Section 409A or comply with its requirements to the extent necessary to avoid adverse personal tax consequences under Section 409A, and any ambiguities herein shall be interpreted accordingly.

  • Amendment of Section 9.4. Section 9.4 of the Credit Agreement is hereby amended to read in its entirety as follows:

  • Amendment of Section 8 15(b). Section 8.15(b) of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • For purposes of Sections 1.1 and 1.4, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the Account, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order by 4:00 p.m. Baltimore time and the Fund receives notice of such order by 9:30 a.m. Baltimore time on the next following Business Day. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.

  • Amendment of Section 6 14. Section 6.14 of the Credit Agreement is amended to read as follows: