Amendment to the Settlement Agreement Sample Clauses

Amendment to the Settlement Agreement. Section 4.3(a) of the Settlement Agreement is hereby amended and restated in its entirety to read as follows:
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Amendment to the Settlement Agreement. Capitalized terms used but not defined herein shall have the respective meanings given to them in the Settlement Agreement. The Settlement Agreement is hereby amended to provide for the following payment schedule for the $1,600,000 outstanding pursuant to Section 1(b) of the Settlement Agreement: a. Upon execution of the Amendment, Beneficient will within two (2) business days pay to Maxim $500,000 cash pursuant to the instructions set forth on Exhibit A (the “Initial Cash Payment”); b. Beneficient shall make additional cash payments to Maxim via wire transfer in the amounts and upon the schedule set forth below (each, a “Subsequent Cash Payment,” and together with the Initial Cash Payment, the “Cash Payment”): On or before May 31, 2024 $75,000 On or before June 30, 2024 $75,000 On or before July 31, 2024 $75,000 On or before August 31, 2024 $75,000 a. Upon the Effective Date, Beneficient will issue to Maxim Partners LLC a number of shares (each, a “Share”) of Class A common stock, par value $0.001 per share of Beneficient (the “Common Stock”) in an aggregate amount equaling $896,000 (the “Stock Payment”), at a price per Share based on the volume-weighted average sale price of a Share on The Nasdaq Global Market (or other national securities exchange on which such shares are then listed) for the five-day period as of market-close the business day immediately prior to the Effective Date, as reported by, or based upon data reported by, Bloomberg Financial Markets or an equivalent, reliable reporting service as determined by the Company;
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Related to Amendment to the Settlement Agreement

  • Amendment to the Loan Agreement Section 3.1 of the Loan Agreement shall be amended and restated as follows:

  • Amendment to the Agreement Pursuant to Section 8.3 of the Agreement, Section 2.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • AMENDMENT AGREEMENT The Global Custody Agreement of January 3, 1994, (the “Custody Agreement”), as amended from time to time, by and between each of the Entities listed in Schedule A, as amended thereto, severally and not jointly (each such entity referred to hereinafter as the “Customer”) and JPMorgan Chase Bank, whose contracts have been assumed by JPMORGAN CHASE BANK (the “Bank”) is hereby further amended, as of April 21, 2011 (the “Amendment Agreement”). Terms defined in the Custody Agreement are used herein as therein defined.

  • Amendment to Purchase Agreement Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment to Agreement Effective as of the Amendment No. 2 Effective Date, the Agreement shall be amended as follows: The parties hereby agree to amend Exhibit A by adding the following new text as a new section 5: [START NEW TEXT]

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • EXECUTION OF SETTLEMENT AGREEMENT This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Amendment to the Credit Agreement Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (the “Amendment No. 1 Effective Date”), the parties hereto agree that the Credit Agreement is hereby amended as follows:

  • Exclusive Agreement; Amendment This Agreement supersedes all prior agreements or understandings among the parties with respect to its subject matter with respect thereto and cannot be changed or terminated orally.

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