Amendment to Subsection 9 Clause Samples
The "Amendment to Subsection 9" clause serves to formally modify the terms or provisions originally set out in Subsection 9 of an agreement. This clause typically details the specific changes being made, such as altering deadlines, updating obligations, or clarifying language within that subsection. By clearly outlining the amendments, it ensures that all parties are aware of and agree to the revised terms, thereby preventing misunderstandings and maintaining the enforceability of the contract.
Amendment to Subsection 9. 10. Subsection 9.10 of the Credit Agreement is hereby amended by deleting in its entirety such subsection and inserting in lieu thereof the following:
Amendment to Subsection 9. 1(l). Subsection 9.1(l) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Subsection 9. 5 (Mandatory Reduction of --------------------------------------------------- Commitments and Prepayments). Subsection 9.5 of the Credit Agreement is hereby --------------------------- amended by inserting the following new paragraph (h) at the end thereof:
Amendment to Subsection 9. 2(a). Subsection 9.2(a) of the Agreement is amended to replace the date "July 31, 1998" set out therein with "September 30, 1998."
Amendment to Subsection 9. Subsection 9.2 of the Credit Agreement is hereby amended by replacing each of paragraphs (c) and (d) thereof with the reference "[INTENTIONALLY OMITTED]".
Amendment to Subsection 9. 5(g). Subsection 9.5(g) of the Agreement is amended in its entirty to read as follows:
Amendment to Subsection 9. 17. Subsection 9.17 of the Credit Agreement is hereby amended by adding immediately prior to the phrase "unless the Required Lenders" in such subsection "other than Indebtedness under the Second Lien Facility or".
Amendment to Subsection 9. Subsection 9.4 of the Credit Agreement is hereby amended by deleting the word "and" appearing therein and substituting in lieu thereof a comma and by adding the following words at the end thereof "and (e) Guarantee Obligations of the Borrower and Quintex Communications Corp. in respect of the obligations of GLM Wireless Communications Inc. to Fleet Bank with respect to a line of credit made available by Fleet Bank to GLM Wireless Communications Inc., provided that (i) the aggregate principal amount (including the face amount of letters of credit and bankers' acceptances) of extensions of credit under such line of credit shall not exceed $200,000 and (ii) such line of credit is also guaranteed, on a joint and several basis with the Borrower and Quintex Communications Corp., by G.L.M. Security & Sound, Inc. and G.L.M. Security & Sound of St. James, Inc.".
Amendment to Subsection 9. 12. Subsection 9.12 of the Agreement is hereby deleted in its entirety and the following substituted therefor:
Amendment to Subsection 9. 8. Subsection 9.8 to the Agreement is amended by deleting subsection 9.8 in its entirety and by substituting in lieu thereof the following: