Amendment to Sections 5 Clause Samples
The "Amendment to Sections 5" clause serves to formally modify or update the terms originally set out in Section 5 of an agreement. This clause typically specifies which parts of Section 5 are being changed, added, or removed, and may outline the new language or provisions that will replace the existing ones. For example, it might alter payment terms, deadlines, or responsibilities previously established in Section 5. The core function of this clause is to ensure that any changes to the agreement are clearly documented and legally binding, thereby preventing misunderstandings or disputes about the parties' obligations under Section 5.
Amendment to Sections 5. 01(f). With respect to the Securities and any other securities issued pursuant to the Base Indenture after the date hereof, Section 5.01(f) of the Base Indenture is hereby deleted in its entirety and replaced with the word “Reserved.”
Amendment to Sections 5. 1 and 5.2. Sections 5.1 and 5.2 of the LLC Agreement are hereby deleted in their entirety and replaced by the following:
Amendment to Sections 5. Waivers --------------------------------
A. Sections 5(a)(iii), 5(b) and 5(f) of the Subsidiary Guaranty are hereby amended to read in their entirety as follows:
Amendment to Sections 5. 04(a), (b) and (c). Sections 5.04(a), (b) and (c) of the Credit Agreement shall be amended such that each reference therein to “consolidated balance sheet and related statements of income” shall be deleted and replaced with the following: “consolidated (and, with respect to the Regulated Insurance Subsidiaries as a group and their consolidated Subsidiaries, consolidating) balance sheet and related statements of income”
Amendment to Sections 5. 25(b) and (c). Sections 5.25(b) and (c) of the Credit Agreement are amended and restated to read in their entirety as follows:
Amendment to Sections 5. 2(b), (e) and (f) —
Amendment to Sections 5. 1, 5.2, and 5.3. In Sections 5.1 and 5.2 of the Services Agreement, the reference to “Article VIII” shall be amended to be a reference to “Article V”. In Section 5.3 of the Services Agreement, the blank space shall be a reference to Section 5.05 of the Contribution Agreement.
Amendment to Sections 5. 1, 5.2 and 5.3 of the Stock Option Agreement. The text of Sections 5.1, 5.2 and 5.3 of the 2002 Agreement is hereby amended to read as follows: “[Intentionally omitted.]”
Amendment to Sections 5. 07(a) and 5.07(b). Sections 5.07(a) and 5.07(b) of the Merger Agreement are hereby amended by deleting such Sections in their entirety and replacing them with the following:
(a) Section 5.07(a) of the disclosure letter delivered by Parent to the Company immediately prior to the execution of this Agreement and as amended and delivered by Parent to the Company immediately prior to the execution of the Amendment (the “Parent Disclosure Letter”) sets forth true, accurate and complete copies of executed commitment letters, related term sheets, the market flex and securities demand letter and fee letters, each as amended as of the date of the Amendment, from Jefferies Funding LLC, ▇▇▇▇▇▇▇▇▇ & Company, Inc., Jefferies Finance LLC and ▇▇▇▇▇ Fargo Foothill, LLC (collectively, the “Debt Financing Commitments”), pursuant to which the lenders party thereto have agreed, subject only to the terms and conditions set forth therein, to provide or cause to be provided to Parent and/or Merger Sub debt financing in the amounts set forth therein for the purposes of financing the Transactions and related fees and expenses and the other purposes set forth therein (the “Debt Financing”).
(b) Section 5.07(b) of the Parent Disclosure Letter sets forth a true, accurate and complete copy of an executed equity commitment letter (the “Equity Commitment Letter” and, together with the Debt Financing Commitments, the “Financing Commitments”), dated as of the date of this Agreement and as amended as of the date of the Amendment, for ▇▇▇▇▇▇▇▇, pursuant to which ▇▇▇▇▇▇▇▇ has committed to contribute to Parent that number of Shares (which Shares will be cancelled in the Merger as provided in Section 3.01(b)) and the other assets set forth in such letter in exchange for Equity Interests in Parent immediately prior to the Effective Time (the “Equity Financing” and, together with the Debt Financing, the “Financing”).
Amendment to Sections 5. 15(c). Section 5.15(c) of the Agreement is hereby amended and restated in its entirety to read as follows: