Amendment of Section 6 Clause Samples
The "Amendment of Section 6" clause establishes the authority and process for making changes to Section 6 of an agreement. Typically, this clause will specify who can propose amendments, the required approvals or consents, and the formal steps needed to enact any modifications to that section. For example, it may require written agreement from all parties before any changes to Section 6 become effective. The core function of this clause is to ensure that any alterations to Section 6 are made transparently and with mutual consent, thereby preventing unilateral changes and maintaining contractual certainty.
Amendment of Section 6. 14. Section 6.14 of the Credit Agreement is amended to read as follows:
Amendment of Section 6. 5.1. Section 6.5.1 of the Agreement is hereby amended to read as set forth below;
Amendment of Section 6. 05 OF THE BASIC AGREEMENT. Section 6.05 of the Basic Agreement shall be amended, with respect to the Applicable Trust, by deleting the phrase "and thereby annul any Direction given by such Certificateholders or the Trustee to such Loan Trustee with respect thereto," set forth in the first sentence thereof.
Amendment of Section 6. 2. Pursuant to Section 6.5 of the Purchase Agreement, Section 6.2 of the Purchase Agreement is hereby amended and restated to read in its entirety as follows:
Amendment of Section 6. 13. The table set forth in Section 6.13 of the Credit Agreement is amended to read as follows: July 1, 2003 through September 30, 2003 13.00 to 1.00 October 1, 2003 through December 31, 2003 15.00 to 1.00 January 1, 2004 through June 30, 2004 13.50 to 1.00 July 1, 2004 through September 30, 2004 11.00 to 1.00 October 1, 2004 through December 31, 2004 8.50 to 1.00 January 1, 2005 through March 31, 2005 6.00 to 1.00 April 1, 2005 to September 30, 2005 5.00 to 1.00 October 1, 2005 and thereafter 4.00 to 1.00
Amendment of Section 6. 1. Section 6.1 of the Agreement is hereby amended by deleting such section in its entirety and by substituting the following therefor:
Amendment of Section 6. 3. Section 6.3 of the Convertible Loan Agreement is hereby deleted in its entirety and such section is hereby replaced with the following sentence: "The Borrower will not, and will not permit its Subsidiaries to, directly or indirectly, incur any Indebtedness other than Permitted Indebtedness, and the Borrower will not issue any Disqualified Stock or permit any of its Subsidiaries to issue any Disqualified Stock.".
Amendment of Section 6. 1.
Section 6.1 of the Indenture is hereby amended and restated to read in its entirety as follows:
Amendment of Section 6. 3.2. Section 6.3.2 is hereby deleted in its entirety and replaced with the following:
Amendment of Section 6. 6. The phrase "or Coupons" shall be inserted after the word "Securities" in each place in which it appears in the last sentence of Section 6.6.