Amendment to Article 5 Clause Samples
The "Amendment to Article 5" clause serves to formally modify or update the terms originally set out in Article 5 of an agreement. This clause typically outlines the specific changes being made, such as altering obligations, deadlines, or procedures previously established in that article. By clearly documenting these adjustments, the clause ensures that all parties are aware of and agree to the revised terms, thereby maintaining the contract's accuracy and preventing future disputes over the modified provisions.
Amendment to Article 5. Article 5 of the Credit Agreement is hereby by amended by adding the following new Section 5.7:
Amendment to Article 5. Article 5 of the Credit Agreement is hereby amended by adding the following new Section 5.8:
Amendment to Article 5. A. Section 5.8 of the Agreement is hereby amended by deleting such Section in its entirety and inserting the following in lieu thereof:
Amendment to Article 5. Clause (i) of Section 5.06 of the Credit Agreement is hereby amended by deleting the date “July 31, 2004” therein and inserting the date “December 31, 2004” in the place thereof.
Amendment to Article 5. Section 5.04 of the Stock Purchase Agreement is amended by adding the following sentence to the end of such section: "At such time as Buyer ceases to hold the minimum amount of Preferred Shares or Common Stock that would entitle Buyer to designate a Buyer Director under this Section 5.04, then Buyer's right to designate such additional director shall cease and, upon notice of termination from the Corporation to Buyer, the term of office of the Buyer Director shall forthwith terminate and the size of the Board of Directors shall be reduced accordingly."
Amendment to Article 5. The provisions of Article 5 of the Agreement are hereby amended as follows:
Amendment to Article 5. The preamble to Article 5 under Information Covenants shall be amended to delete "or the Lender has any obligation to make Advances hereunder," from the first sentence.
Amendment to Article 5. The introductory phrase of Article 5 to the Credit Agreement is amended in its entirety to read as follow: The Borrower agrees that, so long as any Lender has any Commitment hereunder or any obligations to acquire or fund any participation in any Swingline Loan or Letter of Credit or the Swingline Lender is obligated to make Swingline Loans or the Issuing Bank is obligated to issue any Letter of Credit, or any amount payable hereunder remains unpaid:
Amendment to Article 5 of the Indenture is hereby deleted in its entirety.
Amendment to Article 5. Article 5 of the Loan Agreement, General Covenants, is hereby amended by inserting the following new Section 5.17 at the end of Article 5: