Amendments to Principal Agreement. The Principal Agreement shall, with effect on and from the Effective Date, be deemed (and is hereby deemed) to have been amended as of 13 March 2009 in accordance with the following provisions (and the Principal Agreement (as so deemed to have been amended) will continue to be binding upon each of the parties hereto upon such terms as so deemed to have been amended): 3.1.1 by deleting in clause 1.2 of the Principal Agreement the definitions of “Margin” and “Supplemental Agreement”; 3.1.2 by inserting in clause 1.2 of the Principal Agreement the following new definitions of “Approved Charter”, “Borrower’s Account”, “Borrower’s Account Pledge”, “First Supplemental Agreement”, “Margin”, “Second Supplemental Agreement”, “Supplemental Agreements” and “Suspension Notice” in the correct alphabetical order:
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Samples: Second Supplemental Agreement (Safe Bulkers, Inc.), Second Supplemental Agreement (Safe Bulkers, Inc.), Second Supplemental Agreement (Safe Bulkers, Inc.)
Amendments to Principal Agreement. The Principal Agreement shall, with effect on and from the Effective Date, be deemed (and is hereby deemed) to have been amended as of 13 March 2009 in accordance with the following provisions (and the Principal Agreement (as so deemed to have been amended) will continue to be binding upon each of the parties hereto upon such terms as so deemed to have been amended):
3.1.1 by deleting in clause 1.2 of the Principal Agreement the definitions of “Margin” and “Supplemental Agreement”;
3.1.2 by inserting in clause 1.2 of the Principal Agreement the following new definitions of “Approved Charter”, “Borrower’s Account”, “Borrower’s Account Pledge”, “First Supplemental Agreement”, “Margin”, “Second Supplemental Agreement”, “Supplemental Agreements”, “Supplemental Letter” and “Suspension Notice” in the correct alphabetical order:
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