Example ContractsClausesAmendment to [Subsection 5
Amendment to [Subsection 5
Amendment to [Subsection 5 contract clause examples
Previous results

[Section 5.2(e)] shall be amended by replacing the phrase “With respect to any Loan made to or Letter of Credit issued for the account of any Subsidiary Borrower” in the first and second lines thereof with “With respect to any Loan to be made to or Letter of Credit to be issued for the account of any Subsidiary Borrower”.

[Section 5.2] of the Collateral Agreement is amended to replace the phrase “such Grantor’s” appearing therein with the word “the”.

[Sections 5.04(a), 5.04(c), 5.05 and 5.13]3]3]3] of the Existing Credit Agreement are hereby amended by replacing references to “December 31, 2014” with “December 31, 2015”.

Item 5. Stock and Stock Options is amended to delete the following:

[Section 5.3(b)] shall be amended to read as follows:

[Section 5.16] of the Credit Agreement is hereby amended to add the following new sentences at the end of the current last sentence thereof:

[Section 5.6(c)] of the Agreement is deleted in its entirey for the purposes of this Amendment and replaced with the following provision: “From all collections of principal payments under the Loan, Buyer will receive all proceeds until the Buyer Loan Amount has been repaid, after which all proceeds will be paid to Seller.”

[Section 5.7] of the Agreement is hereby deleted in its entirety for the purposes of this Amendment and replaced with the following provision: “Buyer Loan shall have priority over Seller Loan.”

[Section 5.3.1(iii)] shall be deleted in its entirety and replaced with the following:

[Section 5.8] shall be amended to add the following new sentence at the end of the existing [Section 5.8]:

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.