Amendment to Article 1 Clause Samples
The "Amendment to Article 1" clause serves to formally modify, update, or supplement the provisions originally set out in Article 1 of an agreement or contract. This clause typically specifies the exact changes being made, such as altering definitions, updating terms, or adding new provisions relevant to the initial article. By clearly documenting these modifications, the clause ensures that all parties are aware of and agree to the revised terms, thereby maintaining the accuracy and relevance of the contract and preventing future disputes over the content of Article 1.
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Amendment to Article 1 is hereby deleted in its entirety and replaced with the following:
Amendment to Article 1. Article 1 of the Agreement is hereby amended by deleting the existing Section 1.58 in its entirety and replacing in its entirety with the following:
Amendment to Article 1. Article 1 of the Original Agreement shall be amended by adding the following definitions to the existing text thereof:
Amendment to Article 1. Article 1 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Article 1. Article 1 of the Investor Rights Agreement is hereby amended and restated in its entirety as set forth in the attached Exhibit A.
Amendment to Article 1. (a) Section 1.1(m) of the Asset Purchase Agreement is hereby amended by deleting the words "and Section 5.3(i)".
(b) Section 1.1(r) of the Asset Purchase Agreement is hereby amended by deleting the word "and" at the end of that section.
(c) Section 1.1(s) of the Asset Purchase Agreement is hereby amended by replacing the period at the end of that section with a semicolon immediately followed by the word "and".
(d) A new Section 1.1(t) is hereby added to the Asset Purchase Agreement and reads in its entirety as follows: "(t) all (i) of Keystone Railroad LLC's equity interest in BethIntermodal LLC ("BETHINTERMODAL") and (ii) to the extent in the possession of Sellers, corporate seals, minute books, charter documents, record books, copies of Tax and financial records and such other files, books and records of Sellers relating to the organization, existence and capitalization of BethIntermodal."
(e) Section 1.2 of the Asset Purchase Agreement is hereby amended by adding the phrase "(other than Hibbing Land Corporation ("HLC") and Bethlehem Hibbing Corporation ("BHC"))" after the occurrence of the words "Sellers'", "Sellers" and "any Seller" in each subsection thereof, other than subsection (a) thereof and in the text of Section 1.2.
Amendment to Article 1. Section 1.2(a) of the Purchase Agreement is hereby amended to (a) change the reference to “June 13, 2013” to “June 27, 2013”; (b) add “, plus an aggregate amount equal to $200,000,” in clause (ii) before the parenthetical; and (c) change the reference to “$107,060,000” to “$107,260,000” in such parenthetical.
Amendment to Article 1. Article 1 of the Agreement is hereby amended by inserting the following after Section 1.122:
Amendment to Article 1. A. The defined term “Redemption Factor” is hereby deleted in its entirety and replaced with the following:
Amendment to Article 1. Article 1 of the Stock Purchase Agreement is hereby amended to add the following section as follows: