Amendment of Section 1.01 (Defined Terms) Clause Samples
The "Amendment of Section 1.01 (Defined Terms)" clause serves to modify or update the definitions section of an agreement. In practice, this clause may add new defined terms, revise existing definitions, or remove terms that are no longer relevant, ensuring that the language used throughout the contract remains accurate and consistent. Its core function is to maintain clarity and prevent misunderstandings by keeping the foundational terminology of the agreement up to date.
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Second Amended and Restated Credit Agreement is hereby amended by inserting the following definition in the correct alphabetical order:
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Second Amended and Restated Credit Agreement is hereby amended by amending and restating the definition of “Fixed Charge Coverage Ratio” in its entirety as follows:
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Credit Agreement is hereby amended by amending and restating the definition of “Reserves” in its entirety as follows:
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Agreements shall be amended by the addition in their respective appropriate alphabetical order of new definitions which shall read as set forth below:
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Credit Agreement is hereby amended by amending and restating the definition of “Consolidated EBITDA” in its entirety as follows:
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Amended and Restated Credit Agreement is hereby amended by inserting the following phrase at the end of the definition of “Fixed Charges”: “; provided further that that in calculating Fixed Charges for any Test Period containing the fiscal quarters ending on March 29, 2015 and June 30, 2015, to the extent included in such calculation, the scheduled principal payments on Indebtedness for the fiscal quarters ending on March 29, 2015 and June 30, 2015 pursuant to Sections 2.05(a) and (c) shall be deemed to be $0.”
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Amended and Restated Credit Agreement is hereby amended by deleting, in its entirety, the definition of “Excluded Contribution” and replacing such definition with the following:
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Second Amended and Restated Credit Agreement is hereby amended by amending and restating clause (viii) of the definition of “Consolidated EBITDA” by replacing “$350,000” with “$375,000” as it appearstherein.
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Amended and Restated Credit Agreement is hereby amended by amending and restating the pricing grid contained in the definition of “Applicable Rate” in its entirety as follows: 1 > 4.00:1.00 4.50 % 3.50 % 2 > 3.50:1.00 but < 4.00:1.00 4.00 % 3.00 % 3 > 3.00:1.00 but <3.50:1.00 3.75 % 2.75 % 4 > 2.50:1.00 but < 3.00:1.00 3.25 % 2.25 % 5 > 2.00:1.00 < 2.50:1.00 3.00 % 2.00 % 6 < 2.00:1.00 2.50 % 1.50 %
Amendment of Section 1.01 (Defined Terms). Section 1.01 of the Credit Agreement is hereby amended by amending the definition of “Consolidated Net Income” by amending the proviso immediately following subclause (h) as follows: “provided, however, that the non-cash items described in subsections (a), (b), (e), (f) and (g) above will not increase Consolidated Net Income by more than (i) $7,014,000 for any period of four (4) fiscal quarters that includes June 30, 2017, and (ii) $2,000,000 for any other period of four (4) fiscal quarters.”