Amendments to the Purchase Agreement Sample Clauses
The "Amendments to the Purchase Agreement" clause defines the process and requirements for making changes to the original purchase agreement after it has been executed. Typically, this clause stipulates that any modifications, additions, or deletions to the agreement must be made in writing and signed by all parties involved. For example, if the buyer and seller wish to adjust the delivery date or revise payment terms, they must formally document and approve these changes according to the clause's procedures. This ensures that all parties are aware of and consent to any alterations, thereby preventing misunderstandings and disputes over the terms of the agreement.
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Amendments to the Purchase Agreement. 2.1 Clause (i) of the first sentence of Section 1.3 of the Purchase Agreement is amended and restated in its entirety as follows:
(i) certain debt owed by IHWCC to Cox/West Properties pursuant to the long-term note set forth on Exhibit A attached hereto and incorporated by reference, in the approximate principal amount not to exceed Six Hundred Sixty-Three Thousand Dollars ($663,000), which debt Purchaser shall pay in full at the Closing (and the amount of which has been included in the calculation of the Purchase Price) (the “IHWCC Debt).”
2.2 The last paragraph of Section 1.3 of the Purchase Agreement is amended by the addition of the following provision at the end of such paragraph: “Notwithstanding the foregoing, the agreement to pay the IHWCC Debt shall not create any obligations of the Purchaser to third parties, and Purchaser’s failure to pay the IHWCC Debt for any reason shall not give rise to any consequential damages or liabilities to third parties.”
2.3 Section 1.4(a) of the Purchase Agreement is amended and restated in its entirety as follows:
(a) The parties acknowledge that, on the Closing Date and pursuant to the terms of this Agreement, Purchaser shall pay, to the party identified by the Seller Parties, and according to the payoff letter, a copy of which is attached hereto as Schedule 1.4
(a) and incorporated by reference, the IHWCC Debt in full, and in connection therewith, Purchaser may apply the One Hundred Thousand Dollars ($100,000) refundable ▇▇▇▇▇▇▇ money deposit made by Basin pursuant to that certain Letter of Intent, dated as of April 4, 2007, by and between Basin and the Seller Parties (the “Deposit”), toward payment of the IHWCC Debt.”
2.4 Section 1.4(b) of the Purchase Agreement is amended and restated in its entirety as follows:
Amendments to the Purchase Agreement. (a) Section 1.6 of the Purchase Agreement is hereby amended and restated in its entirety as follows:
Amendments to the Purchase Agreement. The parties to this Assignment hereby agree to amend the Purchase Agreement as follows:
(a) The first sentence of Section 7.03(c) of the Purchase Agreement is hereby amended and restated in its entirety as follows: “If so requested by the Purchaser, the Seller shall provide such information regarding the Seller, as servicer of the Mortgage Loans, and each Subservicer (each of the Seller and each Subservicer, for purposes of this paragraph, a “Servicer”), as is requested for the purpose of compliance with Items 1108, 1117 and 1119 of Regulation AB.
(b) Section 7.03(d) of the Purchase Agreement is hereby amended and restated in its entirety as follows: “For the purpose of satisfying the reporting obligation under the Exchange Act with respect to any class of asset-backed securities, the Seller shall (or shall cause each Subservicer to) (i) promptly notify the Purchaser, any Master Servicer and any Depositor in writing of (A) any litigation or governmental proceedings pending against the Seller, any Subservicer or any Third-Party Originator that would be material to securityholders, (B) any affiliations or relationships that develop following the closing date of a Securitization Transaction between the Seller, any Subservicer and any of the parties specified in clause (D) of paragraph (a) of this Section (and any other parties identified in writing by the requesting party) with respect to such Securitization Transaction, (C) any Event of Default under the terms of this Agreement or any Reconstitution Agreement, (D) any merger, consolidation or sale of substantially all of the assets of the Seller and (E) the Seller’s entry into an agreement with a Subcontractor to perform or assist the Seller with the performance of any of the Seller’s obligations under this Agreement or any Reconstitution Agreement, and (ii) provide to the Purchaser and any Depositor a description of such proceedings, affiliations or relationships.”
(c) Section 7.03 (e) (ii) of the Purchase Agreement is hereby amended and restated in its entirety as follows: “which may be appointed as a successor to the Seller or any Subservicer, the Seller shall provide to the Purchaser, and any Master Servicer at least fifteen (15) calendar days prior to the effective date of such succession or appointment,”
(d) Section 7.03 (f) of the Purchase Agreement is hereby amended and restated in its entirety as follows: “In addition to such information as the Seller, as servicer, is obligated to provide pursuant t...
Amendments to the Purchase Agreement. Section 1.1 if hereby amended by amending and restating the following defined terms in their entity with the applicable definitions set forth below:
Amendments to the Purchase Agreement. The Purchase Agreement is amended as follows:
(a) Article 1 of the Purchase Agreement is amended to include the following additional definitions in the appropriate alphabetical order:
Amendments to the Purchase Agreement. As of the Effective Date, the Purchase Agreement is hereby amended or modified as follows:
a) Section 1.3 is hereby amended and restated in its entirety as set forth below:
Amendments to the Purchase Agreement. HLSS, hereby covenants and agrees not to amend the Purchase Agreement in any way that relates to the sale and/or contribution, assignment, transfer, and conveyance of Receivables hereunder, without the prior written consent of the Administrative Agent.
Amendments to the Purchase Agreement. OLS, hereby covenants and agrees not to amend the Purchase Agreement in any way that relates to the sale and/or contribution, assignment, transfer, and conveyance of Receivables hereunder, without the prior written consent of the Administrative Agent.
Amendments to the Purchase Agreement. (a) Section 2.02 (Purchase Price) of the Purchase Agreement is hereby deleted and replaced in its entirety with the following:
Amendments to the Purchase Agreement. Effective as of the Effective Date, immediately after giving effect to the actions contemplated by Section 1 hereof, the Purchase Agreement is hereby amended to incorporate the changes shown on the marked pages attached hereto as Annex A.