In Section 4 Clause Samples

The clause titled "In Section 4" typically refers to a specific provision within a contract or agreement that addresses a particular subject matter, such as payment terms, obligations, or rights of the parties. This section may outline detailed requirements, deadlines, or procedures that must be followed, and could, for example, specify how and when payments are to be made or what actions are required by each party. Its core practical function is to clearly delineate responsibilities or processes related to the subject it covers, thereby reducing ambiguity and helping to prevent disputes between the parties.
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In Section 4. 7.1 this Addendum deletes the sentence “Risk corridors will be established for Demonstration Years 1 through 8.” and replaces it as follows: “Risk corridors will be established for Demonstration Years 1 through 9.”
In Section 4. 3.2.3, insert the following after the word “Service”:
In Section 4. 3.2.1, insert the following after the word “Architect”:
In Section 4. 3.1.3, insert the words “revisions or changes to” after the word “or” and before the words “official interpretations.”
In Section 4. 2.1.2, the last full unnumbered paragraph shall be deleted. Section 6.1 of the Original Agreement is hereby amended to read in its entirety as follows:
In Section 4. 6.6 of the MSA, references toSection 5.1” are hereby deleted and replaced withSection 6.1.”
In Section 4. 3.1. the term "cause" means (i) a final judicial finding that Executive has been guilty of fraud, misappropriation or intentional material damage to the property or business of the Corporation or the commission of a felony; (ii) continuance of willful and repeated failure by the Executive to perform his duties in compliance with this Agreement after written notice to the Executive by the Board of Directors specifying such failure, provided that such "cause" shall have been found by a majority vote of the Board of Directors of the Corporation after at least 10 days' written notice to the Executive specifying the cause proposed to be claimed and after an opportunity for the Executive to be heard at meetings of such Boards of Directors; or (iii) a violation of Section 2 of this Agreement.
In Section 4. 15.1 of the Revolving Credit Agreement shall mean and refer to Schedule 4.15.1 attached hereto; and
In Section 4. 2.5, after the words “evaluations of the” and before the word “Contractor’s,” insert the following:
In Section 4. 2.1: (i) The first paragraph shall be deleted in its entirety and the following substituted in its place: