Amendment to Section 10 Clause Samples
The "Amendment to Section 10" clause serves to formally modify the terms originally set out in Section 10 of an agreement. This clause specifies exactly which parts of Section 10 are being changed, such as updating procedures, obligations, or deadlines, and may outline the new language or requirements that will replace the previous terms. By clearly documenting these changes, the clause ensures that all parties are aware of and agree to the revised terms, thereby preventing misunderstandings and maintaining the enforceability of the contract.
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Amendment to Section 10. 1.9. Section 10.1.9 of the Loan Agreement is hereby amended and restated in its entirety as follows:
Amendment to Section 10. 6.4. Section 10.6.4 of the Credit Agreement is amended in its entirety to read as follows:
Amendment to Section 10. 13. Subject to Section 2.04 hereof, Section 10.13 is amended and restated in its entirety to read as follows:
Amendment to Section 10. Section 10 of the Agreement is hereby amended in its entirety to read as follows: 10.
Amendment to Section 10. 2.1(b). Effective as of the Amendment Date, Section 10.2.1(b) of the Loan Agreement is amended and restated to read as follows:
Amendment to Section 10. 14. Section 10.14 is deleted and replaced with the following:
Amendment to Section 10. 1.27. Effective as of the date hereof, the text of Section 10.1.27 of the Loan Agreement is hereby deleted in its entirety and replaced with the phrase “[INTENTIONALLY OMITTED]”.
Amendment to Section 10. Subject to the other terms and conditions of this Amendment, Section 10.6.2 of the Loan Agreement is hereby amended by deleting it in its entirety and replacing it as follows:
Amendment to Section 10. Section 10.1.3 of the Lease is hereby amended to be and read in its entirety as follows:
Amendment to Section 10. 09. Section 10.09 of the Indenture is hereby amended to add the following at the end of such section:
(d) At Group’s option, in lieu of complying with the provisions set forth in Sections 10.09(a), (b) and (c) above, Group may furnish to the Trustee:
(i) as soon as available, but in any event within 90 days after the end of each fiscal year of Group, a copy of the audited consolidated balance sheet of Group as at the end of such year and the related audited consolidated statements of income and of cash flows for such year, setting forth in each case in comparative form the figures as of the end of and for the previous year, reported on by Deloitte & Touche or other independent certified public accountants of nationally recognized standing;
(ii) as soon as available, but in any event not later than 45 days after the end of each of the first three quarterly periods of each fiscal year of Group, the unaudited consolidated balance sheet of Group as at the end of such quarter and the related unaudited consolidated statements of income and of cash flows for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures as of the end of and for the corresponding period in the previous year; and all such financial statements to be complete and correct in all material respects and to be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such accountants or officer, as the case may be, and disclosed therein);
(iii) in connection with each delivery pursuant to clause (ii) above, a certificate by the Chief Financial Officer of Group certifying that such financial statements are fairly stated in all material respects (subject to normal year-end audit adjustments); and
(iv) in addition, for so long as any Notes remain outstanding, Group shall furnish to the Holders, beneficial owners of the Notes, and to securities analysts and prospective investors, upon their request, the information described above as well as all information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. Group will distribute such information and such reports electronically to the Trustee, and will make them available upon request to any Holder, any beneficial owner of the Notes, any prospective investor, any securities analyst and any market maker in the Notes by posting such inf...