Amendment to Section 1011 Clause Samples
Amendment to Section 1011. The first paragraph of Section 1011 of the Indenture is hereby amended and restated to read in its entirety as follows:
(i) shall not, and shall not permit any Restricted Subsidiary of the Company to, directly or indirectly, declare or pay any dividend, or make any distribution, of any kind or character (whether in cash, property or securities) in respect of any class of its or such Restricted Subsidiary's Capital Stock or to the holders of any class of its or such Restricted Subsidiary's Capital Stock (excluding any dividends or distributions payable solely in shares of its or such Restricted Subsidiary's Qualified Capital Stock or in options, warrants or other rights to acquire its or such Restricted Subsidiary's Qualified Capital Stock, and other than any declaration or payment of a dividend or other distribution by a Restricted Subsidiary to the Company or another Restricted Subsidiary), (ii) shall not, and shall not permit any Restricted Subsidiary of the Company, directly or indirectly, to purchase, redeem or otherwise acquire or retire for value (a) any Capital Stock of the Company or any Related Person (other than a Restricted Subsidiary) of the Company or (b) any options, warrants or rights to purchase or acquire shares of Capital Stock of the Company or such Restricted Subsidiary or any Related Person (other than a Restricted Subsidiary) of the Company or such
Amendment to Section 1011. Section 10.11 of the Financing Agreement shall be amended by deleting Section 10.11 in its entirety and by substituting the following new Section 10.11 in lieu thereof:
Amendment to Section 1011. Section 10.11 of the Credit Agreement is hereby amended by adding the following text at the end thereof: “Notwithstanding the foregoing, after the consummation of the Permitted Preferred Stock Redemption, the Administrative Agent and/or the Collateral Agent, as applicable, may, without the consent of any other Lender, execute and deliver such releases and/or waivers to the Security Documents as are necessary to reflect the tender, redemption and cancellation of preferred stock certificate No. P10 of Great Salt Lake Minerals Corporation.”
Amendment to Section 1011. Section 10.11 of the Credit Agreement is hereby amended to add the following new clause (c):
Amendment to Section 1011. Section 1011 of the Original Indenture shall be deleted, and amended and restated in its entirety to read as follows:
Amendment to Section 1011. Section 1011(b)(ii) of the Indenture is hereby amended and restated in its entirety to read as follows:
Amendment to Section 1011. Section 1011 of the Indenture is hereby amended by deleting such Section in its entirety and substituting therefore the following Section: