Common use of Modification to the Agreement Clause in Contracts

Modification to the Agreement. Subject to the satisfaction of the conditions precedent as set forth in Section 3 hereof, the Agreement is hereby modified as set forth below. A. Section 2(a) of Addendum A to the Agreement is hereby deleted in its entirety and replaced with the following: (a) A ratio of Quick Assets to Current Liabilities of not less than 1.50:1.00” B. Section 2(b) of Addendum A to the Agreement is hereby deleted in its entirety and replaced with the following:

Modification to the Agreement. Subject to the satisfaction of the conditions precedent as set forth in Section 3 hereof, the Agreement is hereby modified as set forth below. A. Section 2(a) of Addendum A to the Agreement is hereby deleted in its entirety and replaced with the following: (a) A ratio of Quick Assets to Current Liabilities of not less than 1.50:1.002.00:1.00.” B. Section 2(b2(d) of Addendum A to the Agreement is hereby deleted in its entirety and replaced with the following: