Amendment to Section 6.6 Clause Samples
The "Amendment to Section 6.6" clause serves to modify or update the terms originally set out in Section 6.6 of an agreement. This amendment may involve changing specific obligations, deadlines, or procedures previously established, such as adjusting payment terms, revising reporting requirements, or clarifying responsibilities between parties. By formally altering the original section, the clause ensures that the contract remains accurate and reflects the parties' current intentions, thereby preventing misunderstandings and maintaining legal clarity.
Amendment to Section 6.6. The first sentence of Section 6.6 of the ▇▇▇ is hereby deleted in its entirety, and the following is inserted in lieu thereof:
Amendment to Section 6.6. Section 6.6 of the Agreement shall be amended and restated in its entirety as follows:
Amendment to Section 6.6. Section 6.6 of the Merger Agreement is hereby amended to include a new subclause (l) as follows:
Amendment to Section 6.6. Section 6.6 of the Agreement is hereby amended and supplemented by adding the following sentence at the end thereof: “Employee shall be paid his pro rata Bonus Payments during the calendar year in which the Performance Period that includes the date of termination ends.”
Amendment to Section 6.6. Section 6.6 of the Exchange Agreement is hereby amended by deleting such section in its entirety and replacing it with the following: “Any notice, request, instruction or other document to be given hereunder by any party to the other will be in writing and will be deemed to have been duly given (a) on the date of delivery if delivered personally, or by facsimile, upon confirmation of receipt, or (b) on the second business day following the date of dispatch if delivered by a recognized next day courier service. All notices hereunder shall be delivered as set forth below or pursuant to such other instructions as may be designated in writing by the party to receive such notice. If to the Company: Broadway Financial Corporation ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇-▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ President & Chief Operating Officer Telephone: (▇▇▇) ▇▇▇-▇▇▇▇ Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ With a copy to: ▇▇▇▇▇▇ & ▇▇▇▇▇▇ LLP ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, 44th Floor Los Angeles, California 90017 Attention: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Esq. Telephone: (▇▇▇) ▇▇▇-▇▇▇▇ Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ If to the Investor: United States Department of the Treasury ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: Chief Counsel Office of Financial Stability Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇.▇▇▇▇▇.▇▇ With a copy to: Cadwalader, ▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇ LLP ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Telephone: (▇▇▇) ▇▇▇-▇▇▇▇ Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇”
Amendment to Section 6.6. Section 6.6 of the Purchase Agreement is hereby amended to read in its entirety as follows: “If a Conversion Date (as defined in the Certificate of Designations) for any of the Shares occurs prior to the issuance of Common Stock in settlement of the Equity Units, whether such issuance is in accordance with the terms of the Purchase Contract Agreement or pursuant to a public or private exchange offer or other transaction, then the Company shall, concurrently with each such settlement date for the Equity Units following such Conversion Date, issue to the Trust or to such other Person as the Trust may direct a number of shares of Common Stock equal to the excess of (x) the number of shares of Common Stock the Trust would have received if it had converted such Shares immediately after the issuance of such shares of Common Stock in settlement of the Equity Units over (y) the number of shares of Common Stock received upon the conversion of such Shares by the holder thereof plus the number of shares of Common Stock delivered to the Trust or its designee under this Section 6.6 as a result of any earlier settlement of such Equity Units. Any such shares of Common Stock issued to the Trust shall be registered for the sole benefit of the United States Treasury in the name of the Trustees in their capacities as Trustees of the Trust. Any such shares of Common Stock issued to such other Person shall be registered in the name of such other Person as the Trustees may direct in their capacities as Trustees of the Trust.”
Amendment to Section 6.6 is amended by adding (a) “(a)” after “except” and (b) “, and (b) Contingent Obligations of Borrower pursuant to the GAICA Guaranty and other GAICA Ancillary Agreements” before the period.
Amendment to Section 6.6. Section 6.6 of the Credit Agreement is amended to delete therefrom the proviso appearing therein.
Amendment to Section 6.6. Section 6.6 of the Loan Agreement is amended and restated as follows:
Amendment to Section 6.6. Section 6.6 of the Credit Agreement is hereby amended by deleting clause (ii) in its entirety and replacing it with the following: