Amended Clauses Clause Samples

Amended Clauses. The following clauses of the Loan Agreement shall be amended as follows: 2.2.1 Clause 4 (Interest Periods) shall be deleted and replaced with the following: “4 Interest Periods The period for which the Loan is outstanding shall be divided into successive semi-annual periods (except for the First Interest Period and the Last Interest Period), each of which (other than the First Interest Period, which shall commence on (and shall include) the Amended Drawdown Date and the Last Interest Period which shall end on (but shall exclude) the Repayment Date) shall start on (and shall include) an Interest Payment Date and shall end on (but shall exclude) the first, or the next following, Interest Payment Date (each, an “Interest Period”).” 2.2.2 Clause 5.1 (Payment of Interest), Clause 5.2 (Calculation of Interest) and Clause 5.3 (Calculation of Additional Interest) shall be deleted and replaced with the following:
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Amended Clauses. The following clauses of the Loan Agreement shall be amended as follows: 2.2.1 The following sentence in Clause 8.1(a) (Additional Amounts) of the Loan Agreement shall be deleted: “For the avoidance of doubt, this Clause 8.1 (Additional Amounts) shall not apply to any Taxes assessed on the Lender in the United Kingdom (or any Qualifying Jurisdiction) by reference to its overall net income.” 2.2.2 The first sentence in Clause 8.2(a) (Double Tax Treaty Relief) of the Loan Agreement shall be deleted and replaced with the following: “The Lender shall use its reasonable efforts to furnish the Borrower, each year before the Interest Payment Date falling on 31 March of the relevant year, with a United Kingdom tax residence certificate in respect of the relevant year (and in relation to the year 2014 such duly completed certificate shall be delivered before the Interest Payment Date falling on 31 December 2014) provided that, without prejudice to its representation in Clause 8.6 (Tax Position of the Lender), the Lender shall have no liability to the Borrower, provided that such representation is correct and that the Lender has appropriately applied for the relevant certificate in accordance with this Agreement, if the United Kingdom Tax Authority fails to issue a United Kingdom tax residence certificate in respect of any calendar year or only does so after the relevant Interest Payment Date.” 2.2.3 Clause 8.6(a) (Tax Position of the Lender) of the Loan Agreement shall be deleted and replaced with the following: (a) it is a resident of the United Kingdom for purposes of Article 4 of the Double Tax Treaty as it is subject to: (i) taxation in the United Kingdom on the basis of its registration as a legal entity, location of its management body or another similar criterion; and (ii) unlimited United Kingdom tax liability for corporate income tax for purposes of the Double Tax Treaty, and that it is not subject to taxation in the United Kingdom merely on income from sources in the United Kingdom or connected with property located in the United Kingdom, and that it should be able to receive certification from the United Kingdom Taxing Authority confirming that the Lender is resident in the United Kingdom for tax purposes;” 2.2.4 Clause 11.18 (Subsidiaries) of the Loan Agreement shall be deleted and replaced with the following:
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Amended Clauses. The following clauses of the Loan Agreement shall be amended as follows: 2.2.1 Clause 4 (Interest Periods) of the Loan Agreement shall be deleted and replaced with the following: “The Borrower will pay interest to the Lender quarterly in U.S. dollars on the outstanding principal amount of the Loan from time to time at the Rate of Interest, calculated in accordance with the provisions of this Agreement (including, without limitation, Clause 5.2 (Calculation of Interest)). Interest shall accrue on the Loan from and including the Amendment Borrowing Date. Each period beginning on (and including) the Amendment Borrowing Date or any Interest Payment Date and ending on (but excluding) the next Interest Payment Date or the Repayment Date is herein called an “Interest Period”. Subject as provided in Clause 5.2 (Calculation of Interest), interest on the Loan will cease to accrue on the date for repayment thereof unless payment of principal is improperly withheld or refused, in which event interest will continue to accrue (before and after any judgement) at the Rate of Interest to (but excluding) the date on which payment in full of the outstanding principal amount of the Loan is made.”; 2.2.2 Cause 5.1 (Payment of Interest) of the Loan Agreement shall be deleted and replaced with the following: “The Borrower shall pay to the Account accrued interest on the outstanding principal amount of the loan quarterly in arrear in respect of each Interest Period (including the First Interest Period) calculated in accordance with Clause 5.2 (Calculation of Interest) not later than 11.00 a.m. (New York City time) on the Business Day falling two Business Days prior to the Interest Payment Date on which such Interest Period ends which, in the case of the First Interest Period, is the First Interest Payment Date.”; 2.2.3 Clause 5.2 (Calculation of Interest) of the Loan Agreement shall be deleted and replaced with the following: “The Borrower shall calculate the amount of interest accrued on the Loan on a monthly basis. The amount of interest payable in respect of the Loan for any Interest Period (other than the First Interest Period) shall be calculated by applying the Rate of Interest to the outstanding principal amount of the Loan, dividing the product by four and rounding the resulting figure to the nearest cent (half a cent being rounded upwards). The amount of interest payable in respect of the Loan for any other period (including the First Interest Period) shall be calculated...
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Amended Clauses. The following amended clauses shall replace the existing clauses of the Original Loan Agreement: (a) Clause 2.1 (Grant of the Credit Facility) of the Original Loan Agreement shall be deleted and replaced with the following:
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Amended Clauses. The following clauses of the Agency Agreement shall be amended as follows: 4.2.1 Clause 3.1 shall be deleted and replaced with the following:
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Amended Clauses. With effect from the Date of this Agreement, the Original Facility Agreement shall be amended and restated as follows. The definition of Eligible Issue as set out in Clause 8.3.1 will be read as follows:
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Amended Clauses. The following clauses of the Agency Agreement shall be amended as follows: 4.1.1 the following Clause 4.1A (Replacement Permanent Global Note) shall be inserted immediately after Clause 4.1 (Delivery of Permanent Global Note): “On [Effective Date] (a) the parties shall cause the existing Temporary Global Note and Permanent Global Note executed by ICBC Standard Bank Plc to be removed from the Common Depositary and subsequently cancelled and destroyed by the Principal Paying Agent pursuant to this Agreement, (b) the Issuer shall deliver the Permanent Global Note to the Principal Paying Agent for authentication, and (c) the Principal Paying Agent shall deliver the authenticated Permanent Global Note to the Common Depositary against destruction of the Temporary Global Note and the Permanent Global Note set out at (a) above;” 4.1.2 the Issuer’s notice details in Clause 12.1.1 shall be deleted and replaced with the following: “UK SPV Credit Finance plc 6 ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ London EC4A 3AE Attention: The Directors Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇” 4.1.3 the Trustee’s notice details in Clause 12.1.3 shall be deleted and replaced with the following: “BNY Mellon Corporate Trustee Services Limited O▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax no.: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attention: Trustee Administration Manager” 4.1.4 the Principal Paying Agent’s notice details in Schedule 1 (Specified Offices of the Agents) shall be deleted and replaced with the following: “The Bank of New York Mellon, London Branch O▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attention: Corporate Trust Administration”
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Amended Clauses. The following clauses of the Agency Agreement shall be amended as follows: 4.2.1 Clause 3.1 shall be deleted and replaced with the following: “Global Note Certificate On the Effective Date (a) the parties to this Agreement shall cause the existing Global Note Certificate and the Further Global Note Certificate executed by Standard Bank Plc to be removed from the Common Depositary and subsequently cancelled and destroyed by the Registrar pursuant to this Agreement, (b) the Issuer shall deliver the Global Note Certificate to the Registrar for authentication, and (c) the Registrar shall deliver the authenticated Global Note Certificate to the Common Depositary.” A18911152 4.2.2 Clause 7.1 shall be deleted and replaced with the following: “Issuer to pay Principal Paying Agent In order to provide for the payment of principal (including payments of the Partial Redemption Amount and the Amortisation Amount (each as defined in the Conditions)), interest and additional amounts, if any, in respect of the Notes as the same become due and payable, the Issuer shall, subject to the receipt of the relevant funds from the Borrower under the Loan Agreement, pay or cause to be paid to the Account on or before the date which is two Business Days before the day on which such payment becomes due under the Notes, an amount equal to the amount of principal, interest and/or (as the case may be) additional amounts, if any, falling due in respect of the Notes on such date.” 4.2.3 Clause 12.1(a) shall be deleted and replaced with the following: “Green Finance Plc
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Amended Clauses. The following clauses of the Loan Agreement shall be amended as follows:
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Related to Amended Clauses

  • Additional Clauses 31.13.1 The Parties expressly agree that if any limitation or provision contained or expressly referred to in this Clause 31 (Indemnities and Liability) is held to be invalid under any Law, it will be deemed omitted to that extent, and if any party becomes liable for loss or damage to which that limitation or provision applied, that liability will be subject to the remaining limitations and provisions set out in this Clause 31 (Indemnities and Liability). 31.13.2 Nothing in this Clause 31 (Indemnities and Liability) will act to reduce or affect a Party's general duty to mitigate its loss and for the avoidance of doubt including any circumstances under which a party has the benefit of an indemnity under this Agreement.

  • WAIVER CLAUSE The parties acknowledge that during the negotiations which resulted in this Agreement, each had the unlimited right and opportunity to make demands and proposals with respect to any subject matter not removed by law from the area of collective bargaining, and that the understandings and agreements arrived at by the parties after the exercise of that right and opportunity are set forth in the Agreement. Therefore, the Employer and the Association, for the life of this Agreement, each voluntarily and unqualifiedly waives the right and each agrees that the other shall not be obligated to bargain collectively with respect to any subject or matter not specifically referred to or covered in this Agreement, even though such subjects or matters may not have been within the knowledge or contemplation of either or both of the parties at the time that they negotiated or signed this Agreement.

  • Amended Definitions The following definitions in Section 1.01 of the Credit Agreement shall be and they hereby are amended and restated in their respective entireties to read as follows:

  • Amendments to Definitions (a) The following terms, which are defined in Section 1.02 of the Credit Agreement, are hereby amended in their entirety to read as follows:

  • Existing Definitions Section 1.2 of the Credit Agreement is hereby amended as follows: