3Execution of Amendments Clause Samples
The 'Execution of Amendments' clause defines the process by which changes to an existing agreement must be formally made and recognized. Typically, this clause requires that any modifications, additions, or deletions to the contract be documented in writing and signed by all parties involved. For example, if the parties wish to alter a payment schedule or update a delivery timeline, such changes would only be valid if executed according to the procedures outlined in this clause. Its core function is to ensure that all amendments are intentional, clearly documented, and mutually agreed upon, thereby preventing misunderstandings or disputes over informal or unauthorized changes.
3Execution of Amendments. As a condition precedent to the execution of any amendment permitted by this Article 5, the Rights Agent will be entitled to receive, and will be fully protected in relying upon, an opinion of counsel selected by the Company stating that the execution of such amendment is authorized or permitted by this Agreement. The Rights Agent may, but is not obligated to, enter into any such amendment that affects the Rights Agent’s own rights, privileges, covenants or duties under this Agreement or otherwise.
3Execution of Amendments. Prior to executing any amendment permitted by this Section 4, the Rights Agent shall be entitled to receive, and shall be fully protected in relying upon, an opinion of counsel selected by ▇▇▇▇▇▇ (and at Parent’s sole expense) stating that the execution of such amendment is authorized or permitted by this Agreement. The Rights Agent may, but is not obligated to, enter into any such amendment that affects the Rights Agent’s own rights, powers, obligations, protections, immunities, trusts or duties under this Agreement or otherwise, and the Rights Agent shall not be bound by amendments not executed by it.