Amendment and Restatement of Existing Documents; Other Documents Clause Samples
The "Amendment and Restatement of Existing Documents; Other Documents" clause establishes the process by which existing agreements are formally modified and replaced with updated versions. It typically specifies that prior documents are amended and restated in their entirety, ensuring that all previous terms are superseded by the new agreement, and may also address the treatment of related or ancillary documents. This clause is essential for maintaining legal clarity and consistency, as it prevents confusion over which terms govern the parties' relationship and ensures that all parties are bound by the most current set of terms.
Amendment and Restatement of Existing Documents; Other Documents. In order to, among other things, further evidence the foregoing transactions and intentions, the parties amended and restated the Prior Collateral Documents and the Prior Receivables Financing Agreements, and entered into certain other agreements.