Example ContractsClausesArticle III
Article III
Article III contract clause examples

[Subparagraph III].A. is hereby amended by deleting that subparagraph in its entirety, and replacing it with a new [Subparagraph III].A. to read as follows:

Article # of the Power Purchase Agreement is hereby amended by adding the following new Section 3.4:

[Article 3.1, 3.2, and 3.3]3]3] shall be modified to change the end date of the Agreement to August 31, 2023.

[Article 4.2], Annual Salary Review shall be modified to add the following sentence: “Upon successful transfer of the duties and responsibilities of CEO to a designated replacement approved by the Company Board Of Directors [[Mr. Laflin:Person]] will receive a pre-tax bonus of $25,000.”

[Article 4.3] on original leasing agreement has been agreed to revise as follows: during the lease term, if a bona fide third party makes a legally binding lease offer to Party A, Party A shall Obliged to present the proof and notify Party B in writing that Party B has a 30-day pre-emptive lease right and has the right to pre-empt the lease according to the needs of the relevant provisions of this contract, within the leasing areas not leased by Party B. Party A shall not rent to any third party within 30 days of Party B's pre-emptive lease right selection period. Before the lease term expiration, Party B has expressed intention to Party A on renewal of the contract, Party B has the priority to renew the lease, and the two parties shall sign another written contract.

ARTICLE HEADINGS. The article headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

[Article 3.9] is deleted in its entirety and replaced with the following one:

Survival of Article. The obligations of the Parties pursuant to this Article shall continue in full force and effect after the termination of this Agreement regardless of how this Agreement is terminated.

End of Article II ARTICLE III

Obligations Under Article III. The obligations under this Article III of each Borrower that is a Domestic Subsidiary shall be joint and several in nature. The obligations under this Article III of all Designated Borrowers that are Foreign Subsidiaries and of the Specified Designated Borrower shall be several in nature.

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