Amendment to Article 3 Clause Samples
The "Amendment to Article 3" clause serves to formally modify the terms and provisions originally set out in Article 3 of an agreement. This clause typically outlines the specific changes being made, such as altering deadlines, updating obligations, or revising definitions relevant to the article in question. By clearly documenting these modifications, the clause ensures that all parties are aware of and agree to the updated terms, thereby maintaining clarity and preventing future disputes regarding the content of Article 3.
Amendment to Article 3. Pursuant to Sections 2.02(7) and 2.02(8) of the Base Indenture, Article 3 of the Base Indenture is hereby amended with respect to the Notes by adding to the end the following new Sections 3.09 and 3.10, in each case to read as follows:
Amendment to Article 3. (a) Pursuant to Section 2.02(7) of the Base Indenture, the first sentence of Section 3.04 of the Base Indenture is hereby amended with respect to the Notes by replacing the reference to “30 days” therein with “15 days”.
Amendment to Article 3. (a) Pursuant to Section 2.02(7) of the Base Indenture:
(1) the second sentence of Section 3.02 of the Base Indenture is hereby amended with respect to the Notes by replacing the reference to “45 days prior to the redemption date fixed by the Issuer” therein with “five days prior to the date that the notice of an optional redemption is given to Holders”; and
(2) the first sentence of Section 3.04 of the Base Indenture is hereby amended with respect to the Notes by replacing the reference to “30 days” therein with “10 days”.
(b) Pursuant to Sections 2.02(7) and 2.02(8) of the Base Indenture, Article 3 of the Base Indenture is hereby amended with respect to the Notes by adding to the end the following new Section 3.09, to read as follows:
Amendment to Article 3 of the Stock Purchase Agreement is hereby deleted in its entirety and replaced with the following:
Amendment to Article 3. Section 3.03 of the Stock Purchase Agreement is amended by (i) deleting "Except as set forth in Schedule 3.03 hereto, the" and (ii) inserting "The" in its place.
Amendment to Article 3. Article 3 of the LLC Agreement is hereby amended by adding the following as a new Section 3.8 at the end of that Article:
Amendment to Article 3. Article 3 of the Guaranty and Security Agreement shall be amended by replacing the period at the end thereof with a semicolon, and adding the following proviso at the end thereof: ; provided that the Collateral shall not include (i) the Equity held by any Grantor of any Marketing Alliance Partner which is a Marketing Alliance Partner on the Closing Date to the extent that the granting of such Lien is prohibited pursuant to the terms of the organizational documents of such Marketing Alliance Partner on the Closing Date, (ii) the Equity in Nebraska Sub unless and until either (A) Parent or Borrower obtain the consent of the requisite holders of Equity in Nebraska Sub to the grant of the Security Interest in such Equity of Nebraska Sub, or (B) Parent and Borrower collectively hold at least 80% of the Equity of Nebraska Sub, and (iii) the Equity held by any Grantor in Fluid Technologies PLC; provided further, that upon the occurrence of either event described in clause (ii) preceding, the Equity of Nebraska Sub shall immediately and without any further action on the part of any Grantor become “Collateral” for purposes of this Agreement and the security interest provided for herein shall immediately attach to such Equity.
Amendment to Article 3. Clause (e) of Section 3.16 of the Undertaking Agreement is amended to read in its entirety as follows:
Amendment to Article 3. The Indenture is hereby amended by deleting Section 3.20 (Compliance Certificate) in its entirety and replacing such section with the following:
Amendment to Article 3. Each reference to Seller in Article 3 shall be deleted and replaced in each case with the term “Seller’s Parent”, provided, however, that with respect to Sections 3.1, 3.2, 3.3, 3.4, 3.6 and 3.7, each such section shall be read to apply mutatis mutandis to both Seller and Seller’s Parent, except that when each such section is read with Seller as the party, each such representation and warranty shall be as of the date of this Amendment (and not the date of the Agreement) and shall be appropriately interpreted to reflect Seller’s status as a Maryland limited liability company.