AMENDMENT TO THE SECURITY DOCUMENTS Clause Samples
The "Amendment to the Security Documents" clause establishes the process and conditions under which the parties may modify, update, or supplement the existing security documents related to a transaction. Typically, this clause outlines who must consent to amendments, the form such amendments must take (often requiring written agreement), and any limitations on what can be changed. For example, it may specify that changes to collateral descriptions or enforcement rights require lender approval. The core function of this clause is to provide a clear, agreed-upon mechanism for adapting the security arrangements as circumstances change, thereby ensuring flexibility while maintaining legal certainty and protecting the interests of all parties involved.
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AMENDMENT TO THE SECURITY DOCUMENTS. Each of the Security Documents is hereby amended mutatis mutandis as appropriate to reflect the fact that FNBB has ------- -------- resigned as security agent and Sanwa has been appointed as security agent for the Secured Parties.
AMENDMENT TO THE SECURITY DOCUMENTS. The Security Documents (as defined in the Third Amended and Restated Credit Agreement) are amended to provide the following:
1.1. For each of the Security Documents, any and all references to the "Credit Agreement" shall be deemed to be references to the Third Amended and Restated Credit Agreement. Each of the Security Documents are hereby further amended mutatis mutandis as appropriate to reflect the fact that the Prior Credit Agreement has been amended and restated as the Third Amended and Restated Credit Agreement.
1.2. For each of the Security Documents, any and all references to the "Agent" and the "Administrative Agent" shall be deemed to be references to the "Administrative Agent", as defined in the Third Amended and Restated Credit Agreement.
1.3. With respect to each of the Security Documents, any and all references to the "Lenders" and the "Banks" shall be deemed to be references to "Lenders", as defined in the Third Amended and Restated Credit Agreement.
AMENDMENT TO THE SECURITY DOCUMENTS. The Security Documents (as defined in the Second Amended and Restated Credit Agreement) are amended to provide the following:
1.1. For each of the Security Documents, any and all references to the "Credit Agreement" shall be deemed to be references to the Second Amended and Restated Credit Agreement. Each of the Security Documents are hereby further amended MUTATIS MUTANDIS as appropriate to reflect the fact that the Original Credit Agreement has been amended and restated as the Second Amended and Restated Credit Agreement.
1.2. For each of the Security Documents, any and all references to the "Agent" shall be deemed to be references to the "Administrative Agent", as defined in the Second Amended and Restated Credit Agreement.
1.3. With respect to each of the Security Documents, any and all references to the "Lenders" shall be deemed to be references to "Lenders", as defined in the Second Amended and Restated Credit Agreement.
1.4. For each of the Security Documents, any and all references to the words "Revolving Credit Notes" shall be deemed to be references to the word "Notes", as defined in the Second Amended and Restated Credit Agreement.
1.5. With respect to the Security Agreement, any and all of the references to the following sections in the Original Credit Agreement shall be amended and deemed to be references to such sections in the Second Amended and Restated Credit Agreement: (a) references to Section 6.19 shall be amended and deemed to be references to Section 7.19, (b) references to Section 7.4.2 shall be amended and deemed to be references to Section 8.4.2, and (c) references to Section 19 shall be amended and deemed to be references to Section 20.
1.6. With respect to each of the Parent Stock Pledge Agreement, the NR-WV Stock Pledge Agreement and the Gabr▇▇▇ ▇▇▇ck Pledge Agreement, any and all references to the following sections in the Original Credit Agreement shall be amended and deemed to be references to such sections in the Second Amended and Restated Credit Agreement: (a) references to Section 7.6 shall be amended and deemed to be references to Section 8.6, and (b) references to Section 19 shall be amended and deemed to be references to Section 20.
AMENDMENT TO THE SECURITY DOCUMENTS. The Security Documents (as defined in the Amended and Restated Credit Agreement) are amended to provide that for each of the Security Documents, any and all references to the "Credit Agreement" shall be deemed to be references to the Amended and Restated Credit Agreement. Each of the Security Documents are hereby further amended mutatis mutandis as appropriate to reflect the fact that the Original Credit Agreement has been amended and restated as the Amended and Restated Credit Agreement.