Amendment to Subsection 2 Sample Clauses
The "Amendment to Subsection 2" clause serves to formally modify or update the terms originally set out in Subsection 2 of an agreement. This clause typically specifies which parts of Subsection 2 are being changed, added, or removed, and may outline the exact new wording or conditions that will replace the previous language. 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.
Amendment to Subsection 2. 5. Subsection 2.5 of the Credit Agreement is hereby amended by deleting said subsection in its entirety and substituting in lieu thereof the following new subsection:
Amendment to Subsection 2. 5. Subsection 2.5 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
Amendment to Subsection 2. Subsection 2.3 of the Credit Agreement is hereby amended by adding the following new subsection 2.3C at the end thereof:
Amendment to Subsection 2. 4. Subsection 2.4B(iii)(e) of the Credit Agreement is hereby amended to read in its entirety as follows:
Amendment to Subsection 2. 4: Repayments, Prepayments and Reductions in Revolving Loan Commitments; General Provisions Regarding Payments; Application of
Amendment to Subsection 2 is hereby amended as of the Effective Date by replacing (i) the time “9:00 A.M.” appearing in clause (b) of the first sentence thereof with “11:00 A.M.” and (ii) the time “12:00 P.M.” appearing in the fourth sentence thereof with the words “2:00 P.M. (in the case of ABR Loans or Canadian Prime Rate Loans) and 12:00 P.M. (in the case of all other Loans)”.
Amendment to Subsection 2. 6. Subsection 2.6(a) is hereby amended as of the Effective Date by adding the words “after the Second Amendment Effective Date” at the end of clause (i) therein.
Amendment to Subsection 2. 20. Subsection 2.20 is hereby is amended to add the following subsection 2.20.1 after subsection 2.20:
Amendment to Subsection 2. 04(a). The second paragraph of Subsection 2.04(a) of the Current Indenture is hereby amended by deleting such paragraph in its entirety and in place thereof inserting the following: Except as otherwise provided in Section 2.04(b), each Conversion Notice shall state
(i) that the Borrower elects to change the Interest Rate Determination Method to a new Interest Rate Determination Method, or from the interest rate applicable during a Medium- Term Rate Period to a new interest rate during a new Medium-Term Rate Period, or from an Index Interest Rate Period to a new Index Interest Rate Period, (ii) the proposed Conversion Date, (iii) the Interest Rate Determination Method to be in effect from and after such Conversion Date, (iv) whether a Credit Facility is to be in effect from and after such Conversion Date, and, if so, the terms of such Credit Facility, and (v) if a Medium-Term Rate or Fixed Rate is to be in effect from and after such Conversion Date, and if redemption premiums different from those set forth in Section 2.18 are to be applicable as described in Section 2.03(d) and Section 2.03(e), the redemption premiums to be applicable during such Medium-Term Rate Period or Fixed Rate Period. In addition, if an Index Interest Rate is to be in effect immediately following such Conversion Date, such Conversion Notice shall state (1) whether such Index Interest Rate shall be a SIFMA Index Rate or a SOFR Index Rate, (2) the new Direct Purchase Period Purchase Date, (3) the new Applicable Spread and (4) if such Index Interest Rate shall be a SOFR Index Rate, the new Applicable Factor. If the Bonds are converted to an Index Interest Rate Period, the new Applicable Spread shall be the number of basis points determined by the Market Agent, having due regard for prevailing market conditions for bonds or other securities comparable as to tax treatment, credit and maturity to the Bonds, which when added to the SIFMA Index or the product of the SOFR Index multiplied by the Applicable Factor, as applicable, would equal the minimum interest rate per annum that would enable the Bonds to be sold on the Conversion Date at a price of par (without regard to accrued interest, if any, thereon). In the event that the Bonds are converted to any other Direct Purchase Period, the new interest rate shall be, in the judgment of the Market Agent, having due regard for prevailing market conditions for bonds or other securities similar to the Bonds, the interest rate necessary, but not t...
Amendment to Subsection 2. 5(b). Subsection 2.5(b) is hereby amended by (i) deleting the word “Canadian” where it appears before the works “Prime Loans” in each of the first and second sentences of such subsection 2.5(b); (ii) inserting the parenthetical “(or the US$ Equivalent of C$500,000)” immediately after “C$500,000” where it appears in the last sentence of such subsection 2.5(b); and (iii) inserting a “.” at the end of such subsection 2.5(b).