Modifications to Purchase Agreement Clause Samples
The "Modifications to Purchase Agreement" clause defines the process and requirements for making changes to the terms of the purchase agreement after it has been executed. Typically, this clause stipulates that any amendments or alterations must be made in writing and signed by all parties involved, ensuring that verbal agreements or informal changes are not legally binding. By establishing a clear and formal procedure for modifications, this clause helps prevent misunderstandings and disputes over the terms of the agreement, thereby ensuring that all parties are aware of and consent to any changes.
Modifications to Purchase Agreement. The Purchase Agreement is hereby modified as follows:
A. Approval Period. The Approval Period is hereby extended from June 23, 1997 to June 24, 1997. Accordingly, the date June 23, 1997" contained in Section 17 is hereby deleted, and the date "June 24, 1997" is hereby substituted therefor.
Modifications to Purchase Agreement. The Purchase Agreement is hereby modified as follows:
Modifications to Purchase Agreement. The parties agree that from and after the date of this Amendment the Purchase Agreement shall be modified as follows:
Modifications to Purchase Agreement. 1. The Purchase Agreement shall be amended by deleting the following text appearing in Section 2.1 thereof: “Each purchase and sale hereunder shall be in the sole discretion of Buyer and Seller. In any event, Buyer will not (i) purchase any Receivables in excess of an aggregate outstanding amount exceeding Twenty Million Dollars ($20,000,000.00), or (ii) purchase any Receivables under this Agreement after October 26, 2006.” and inserting in lieu thereof the following: “Each purchase and sale hereunder shall be in the sole discretion of Buyer and Seller. In any event, Buyer will not (i) purchase any Receivables in excess of an aggregate outstanding amount exceeding Twenty Million Dollars ($20,000,000.00), or (ii) purchase any Receivables under this Agreement after December 25, 2006.”
Modifications to Purchase Agreement. 1. The Purchase Agreement shall be amended by inserting the following new definition, appearing alphabetically in Section 1 thereto (and thereby amending the existing numbering in Section 1):
Modifications to Purchase Agreement. The parties agree that from and after the date of this Amendment the Purchase Agreement shall be modified as follows: the Conditions Period, as defined in Section 4.1 of the Purchase Agreement, shall be extended to expire at 5:00 p.m. on December 2, 1998. Any and all differing dates or time periods and references to the Conditions Period in the Purchase Agreement are hereby deleted or modified accordingly.
Modifications to Purchase Agreement. The Purchase Agreement is hereby modified as follows: Inspection Period. The Inspection Period is hereby extended from August 26, 1996 to September 16, 1996. Accordingly, the date "August 26, 1996" contained in Section 16 is hereby deleted, and the date "September 16, 1996" is hereby substituted therefor.
Modifications to Purchase Agreement. The Parties agree that from and after the date of this Amendment, the Employment Agreement shall be modified as follows:
1. The reference to “Chief Financial Officer” in the first sentence of Section 1(a) of the Employment Agreement is changed to “President—RDS”.
Modifications to Purchase Agreement. The Parties agree that from and after the date of this Amendment, the Employment Agreement shall be modified as follows:
1. The following is added after the first sentence of Section 2(b) of the Employment Agreement: “During the Employment Period, the Annual Bonus shall be reviewed at least annually for possible increase (but not decrease) in the Company’s sole discretion, as determined by the Compensation Committee.”
2. The reference to “subsection (h)” in Section 2(d)(iii) of the Employment Agreement is changed to “subsection (g)”.
3. The reference to “Sections 4(a) or (b)” in Section 5(a) of the Employment Agreement is changed to “Section 3(a) or Section 3(b)”.
Modifications to Purchase Agreement. 1. The Purchase Agreement shall be amended by deleting the following text appearing in Section 2.1 thereof: “In any event, Buyer will not (i) purchase any Receivables in excess of an aggregate outstanding amount exceeding Twenty Million Dollars ($20,000,000.00), or (ii) purchase any Receivables under this Agreement after October 26, 2007.” and inserting in lieu thereof the following: “in any event, Buyer will not (i) purchase any Receivables in excess of an aggregate outstanding amount exceeding Twenty Million Dollars ($20,000,000.00), or (ii) purchase any Receivables under this Agreement after October 25, 2008.”