Description of Change in Terms Sample Clauses
The 'Description of Change in Terms' clause defines how and when modifications to the terms of an agreement will be communicated to the parties involved. Typically, this clause outlines the process for notifying parties about changes, such as providing written notice or updating terms on a website, and may specify a required notice period before changes take effect. Its core function is to ensure transparency and provide all parties with clear information about any alterations to the agreement, thereby preventing misunderstandings and disputes regarding contractual obligations.
POPULAR SAMPLE Copied 1 times
Description of Change in Terms. A. Modification(s)
Description of Change in Terms. A. Modification(s) to Loan Agreement.
Description of Change in Terms. Modifications to Loan Agreement. -------------------------------
1. The Loan Agreement shall be amended by deleting the following definition appearing in Section 1 thereof:
Description of Change in Terms. A. Modification(s) to Loan Agreement.
1. Sub-section (ii) entitled "Tangible Net Worth" of Section 6.7 entitled "Financial Covenants" is hereby amended to read as follows:
Description of Change in Terms. Modifications to Loan Agreement
1. The Loan Agreement shall be amended by deleting the following definitions appearing in Section 13.1 thereof:
Description of Change in Terms. A. Modification(s) to Loan Agreement.
1. The following terms are hereby amended or incorporated into Section 1.1 entitled "Definitions":
Description of Change in Terms. 1. The Loan Agreement shall be amended by deleting the following text appearing in Section 2.1.2 thereof:
Description of Change in Terms. 1. CHANGE OF MATURITY DATE. Extend the maturity date of the above listed Promissory Note from February 10. 2021 to May 10, 2021, at which time all outstanding principal plus all accrued unpaid interest will be due.
Description of Change in Terms. A. Modification(s) to Loan Agreement
1. The following term set forth in Section 1.1 entitled "Definitions" is hereby amended as follows:
Description of Change in Terms. A. Modification(s) to Loan Agreement
1. The defined term "Revolving Maturity Date" in Section 12.1 entitled "Definitions" is hereby amended to read May 6, 2000.