Amendment to Events of Default Sample Clauses
The "Amendment to Events of Default" clause modifies the conditions under which a party is considered to be in default under an agreement. This clause may add, remove, or alter specific triggers that constitute a default, such as failure to make payments, breach of covenants, or insolvency events. By redefining what constitutes an event of default, the clause clarifies the parties' obligations and the circumstances that could lead to enforcement actions, thereby managing risk and ensuring both parties have a clear understanding of their responsibilities and potential consequences.
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Amendment to Events of Default. Section 6.01 of the Indenture is amended to delete the existing paragraph (7) thereof and to add the following paragraphs immediately following paragraph (6) thereof:
Amendment to Events of Default. Section 7(e) of the Credit Agreement is hereby amended to read in its entirety as follows:
Amendment to Events of Default. The “Failure to Pay or Deliver” provision in Section 5(a)(i) of the Agreement is hereby amended by deleting the word “third” in the third line thereof and inserting the word “first” in place thereof.
Amendment to Events of Default. (a) Clause (1) of Section 501 of the Indenture is amended to read in its entirety as follows:
(1) default in the payment of any interest or of any Tax Additional Amounts upon any 2021 Debentures when such interest or Tax Additional Amounts become due and payable and continuance of such default for a period of 30 days;
Amendment to Events of Default. Section 11.1 of the Credit Agreement is amended (a) to delete the word "or" at the end of clause (k) thereof, and (b) to insert new clauses (m) and (n) which shall read in full as follows:
Amendment to Events of Default. (a) Section 6.01(d) of the Original Indenture is hereby deleted in its entirety and replaced by the following language:
Amendment to Events of Default. Clause (2) of Section 501 of the Indenture is amended to read in its entirety as follows, with respect to the Debentures only:
Amendment to Events of Default. (Section 6.
Amendment to Events of Default. Section 6.01 of the Credit Agreement is amended by (i) deleting the word "or" at the end of subsection (n) thereof, (ii) adding the word "or" at the end of subsection (o) thereof and (iii) inserting the following new subsection (p): "(p) the $3,000,000 Letter of Credit issued in favor of Perini/▇▇▇▇▇ shall not have expired or been terminated on or before January 21, 2000 or the Capital Restructuring shall not have become effective on or before January 21, 2000;".
Amendment to Events of Default. Clauses (f), (g), (k) and (l) of Article XII of the Original Lease Agreement are hereby amended and restated in their entirety to read as follows: