Amendment Clause Samples
An Amendment clause defines the process by which changes can be made to the terms of an agreement after it has been executed. Typically, this clause requires that any modifications be made in writing and signed by all parties involved, ensuring that verbal agreements or informal changes are not considered valid. Its core practical function is to maintain clarity and mutual consent regarding contract terms, preventing misunderstandings or disputes about unauthorized or informal alterations.
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Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.
Amendment. This Agreement may only be amended by a written instrument executed by each of the parties hereto.
Amendment. This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties hereto.
Amendment. This Agreement may be amended or modified by a written agreement executed by both parties.
Amendment. This Agreement may only be amended by written agreement of the parties hereto.
Amendment. This Agreement may be amended or modified only by a written instrument signed by the Executive and by a duly authorized representative of the Company.
Amendment. This Agreement may not be amended or modified in any manner except by a written agreement executed by both parties.
Amendment. Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge or termination is sought.
Amendment. No amendment or other modification of this Agreement shall be effective unless made in writing and signed by the parties hereto.
Amendment. (a) This Agreement may be amended from time to time by the parties hereto, with the consent of the Trustee (which consent may not be unreasonably withheld), but without the consent of any of the Noteholders, to cure any ambiguity or to correct or supplement any provisions in this Agreement or for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders; provided, however, that such amendments require: (i) satisfaction of the Rating Agency Condition or (ii) an Officer’s Certificate of the Servicer delivered to the Issuer, the Owner Trustee, the Trust Collateral Agent and the Trustee stating that the amendment will not materially and adversely affect the interest of any Noteholder.
(b) This Agreement may also be amended from time to time by the parties hereto, with the consent of the Trustee, and with the consent of the Majority Noteholders for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders; provided, however, that no such amendment shall (i) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Receivables or distributions that shall be required to be made for the benefit of the Noteholders or (ii) reduce the aforesaid percentage of the outstanding principal amount of the Notes, the Holders of which are required to consent to any such amendment, without the consent of the Holders of all the Outstanding Notes of each class affected thereby. Promptly after the execution of any such amendment or consent, the Trust Collateral Agent shall furnish written notification of the substance of such amendment or consent to each Noteholder and the Seller (who shall deliver such notification to the Rating Agencies). It shall not be necessary for the consent of the Noteholders pursuant to this Section to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of any action by Noteholders shall be subject to such reasonable requirements as the Trustee or the Issuer, as applicable, may prescribe.
(c) Prior to the execution of any ame...