Amendment to Article II Sample Clauses
The "Amendment to Article II" clause serves to formally modify or update the provisions originally set out in Article II of an agreement or contract. This clause typically outlines the specific changes being made, such as altering terms, adding new obligations, or removing outdated requirements within that article. For example, it may adjust payment terms, redefine responsibilities, or update compliance standards as originally described in Article II. Its core practical function is to ensure that any changes to the original agreement are clearly documented and legally enforceable, thereby preventing misunderstandings and maintaining the integrity of the contractual relationship.
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Amendment to Article II. Article II of the Credit Agreement is hereby amended by adding the following Section 2.16:
Amendment to Article II. Article II of the Original Agreement is amended to insert new Section 2.5 as follows:]
Amendment to Article II. Article II is hereby amended to add the following new Section 2.20 to read as follows:
Amendment to Article II. The first paragraph of Section 2.01 is hereby deleted and replaced in its entirety with the following: The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse for the benefit of the Certificateholders all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in and to (i) each Mortgage Loan identified on the Mortgage Loan Schedule, including the related Cut-Off Date Principal Balance, all interest due thereon after the Cut-Off Date and all collections in respect of interest and principal due after the Cut-Off Date; (ii) all the Depositor’s right, title and interest in and to the Distribution Account and all amounts from time to time credited to and the proceeds of the Distribution Account; (iii) any real property that secured each such Mortgage Loan and that has been acquired by foreclosure or deed in lieu of foreclosure; (iv) the Depositor’s interest in any insurance policies in respect of the Mortgage Loans; (v) the Depositor’s security interest in the Additional Collateral; (vi) all proceeds of any of the foregoing; and (vii) all other assets included or to be included in the Trust Fund; provided that such assignment shall not include any Servicing Rights with respect to the Mortgage Loans. Such assignment includes all interest and principal due to the Depositor or the Master Servicer after the Cut-Off Date with respect to the Mortgage Loans. Notwithstanding anything provided herein to the contrary, each of the parties hereto agrees and acknowledges that, notwithstanding the transfer, conveyance and assignment of the Mortgage Loans from the Depositor to the Trustee pursuant to this Agreement, the Servicing Rights Owner remains the sole and exclusive owner of the Servicing Rights with respect to the SRO Mortgage Loans.
Amendment to Article II of the Agreement is hereby amended by adding Sections 2.2(e) and 2.2(f), which shall read in their entirety as follows:
Amendment to Article II. Article II of the Master Purchase Agreement is hereby deleted and replaced in its entirety with the following:
Amendment to Article II of the Existing Fee Consignment Agreement is hereby amended by (i) deleting the percentage "17.9810726%" in clause (a) of such Section and substituting the percentage "12.751677852%" in place thereof, and (ii) deleting the percentage "82.0189274%" in clause (b) of such Section, and substituting the percentage "87.248322148%" in place thereof.
Amendment to Article II. Article II of the Existing Credit Agreement is hereby amended in accordance with Subparts 2.2.1 and 2.2.2.
2.1. Section 2.06(b)(ii) of the Existing Credit Agreement is hereby amended by adding the following proviso immediately after the first proviso therein: "provided, further, however, that the Borrower shall also not be required to make any such prepayment and deposit with respect to Net Cash Proceeds realized from any sale of assets permitted under sub-clause (vii) of Section 5.02(e)."
Amendment to Article II. Article II is hereby amended by adding the following Section 2.07A after Section 2.07:
Amendment to Article II. Article II (“Amount and Terms of the Facilities”) is amended by adding new Section 2.19 (“Commitment Reductions”) as follows: