Amendment to Section 7.11 Sample Clauses
The "Amendment to Section 7.11" clause serves to modify, update, or replace the terms originally set out in Section 7.11 of an agreement. This clause typically specifies the exact changes being made, such as altering deadlines, responsibilities, or procedures previously established in that section. By formally documenting these adjustments, the clause ensures that all parties are aware of and agree to the revised terms, thereby maintaining clarity and legal enforceability within the contract.
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Amendment to Section 7.11. Section 7.11 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Section 7.11. Section 7.11 of the Amended Credit Agreement is hereby deleted in its entirety and the following is inserted in lieu thereof:
Amendment to Section 7.11. Section 7.11 of the Loan Agreement is hereby amended by deleting Section 7.11 in its entirety and replacing it with the following:
Amendment to Section 7.11. Section 7.11 of the Existing Credit Agreement is hereby amended by replacing the words “in compliance with Section 7.12” therein with the words “in compliance with the then applicable requirements of Section 7.12.”
Amendment to Section 7.11. Clause (b) of Section 7.11 is amended and restated in its entirety to read as follows:
Amendment to Section 7.11. Section 7.11 of the Agreement is hereby amended in its entirety to hereafter read as follows:
Amendment to Section 7.11. Section 7.11 of the Credit Agreement is hereby amended by deleting clause (xiv) and replacing it with a new clause (xiv), reading:
Amendment to Section 7.11. Section 7.11 of the Credit Agreement is hereby amended as of the Sixth Amendment Effective Date and for the periods listed below by restating such section in its entirety as follows:
Amendment to Section 7.11. Section 7.11 of the Credit Agreement is amended to add the following provision at the end of Section 7.11(a): “ provided that, the redemption of up to 175,000 common units of Parent in connection with the exercise of the over-allotment option by the underwriters in connection with the IPO shall not be prohibited by this Section 7.11;”.
Amendment to Section 7.11. Section 7.11(a) of the Credit Agreement is hereby amended by replacing such section in its entirety with the following:
(a) Each Group Member (other than Excluded Foreign Subsidiaries) shall (i) deposit all of its cash in deposit accounts that are Controlled Deposit Accounts, provided, however, that each Group Member may maintain (A) zero-balance accounts for the purpose of managing local disbursements, (B) the letter of credit cash collateral accounts to the extent permitted pursuant to Section 8.1(b), (C) payroll, withholding tax and other fiduciary accounts and (D) the Senior Subordinated Note Holders’ Controlled Term A Account solely for the purposes and in the amounts set forth in the Fifth Amendment to Senior Subordinated Note Purchase Agreement, (ii) deposit all of its Cash Equivalents in securities accounts that are Controlled Securities Accounts, in each case except for cash and Cash Equivalents the aggregate value of which does not exceed $100,000 at any time and cash and Cash Equivalents permitted under Section 8.2(g).