Amendment to the Background Clause Samples

The "Amendment to the Background" clause allows parties to update or modify the background section of an agreement, which typically outlines the context, purpose, or history leading to the contract. This clause specifies the process by which changes to the background information can be made, such as requiring mutual written consent or specifying who has the authority to make such amendments. Its core function is to ensure that the foundational context of the agreement remains accurate and relevant, thereby preventing misunderstandings or disputes about the intent and circumstances surrounding the contract.
Amendment to the Background. The third paragraph of the Background is hereby amended by deleting it therefrom in its entirety and substituting the following therefor: “The Company desires to develop for Bionics certain technology (the “Technology”) solely within the field of neuromodulation including, without limitation, a magnetic resonance (“MR”) compatible, MR-safe, and MR-optimized Deep Brain Stimulation (“DBS”) implant system (the “System”) and MR-compatible, MR-safe, and MR-optimized lead that may safely reside within a patient who is placed within an MR-machine (the “Lead”).”
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Related to Amendment to the Background

  • Amendment to the Agreement Pursuant to Section 8.3 of the Agreement, Section 2.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment to Agreement Effective as of the Amendment No. 2 Effective Date, the Agreement shall be amended as follows: The parties hereby agree to amend Exhibit A by adding the following new text as a new section 5: [START NEW TEXT]

  • Amendment to this Agreement No provision of this Agreement may be changed, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, discharge or termination is sought.

  • Amendment to the Loan Agreement Section 3.1 of the Loan Agreement shall be amended and restated as follows:

  • AMENDMENT TO FUND ACCOUNTING AGREEMENT