Amendments to the Sale Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 4 below, the Sale Agreement shall be and hereby is amended as follows:
(a) The last sentence of Section 2.1(l) of the Sale Agreement is amended and restated to read as follows: Except for (i) amounts owing to Xxxxxx Puerto Rico, Ltd. (which shall be electronically swept or otherwise transferred out of such Deposit Account within four (4) Business Days of being identified as such in accordance with Section 4.1(i)), (ii) for a period not to exceed the earliest of (x) the related number of months agreed to by the applicable Business Sellers and the final purchaser of the Lehigh Business by which collections of accounts receivable relating to the Lehigh Business shall no longer be deposited therein and (y) twenty-five (25) months after the consummation of the Lehigh Business Sale, collections of accounts receivable relating to the Lehigh Business (which shall be electronically swept or otherwise transferred out of such Deposit Account no later than the earliest of (x) the related number of days agreed to by the applicable Business Sellers and the final purchaser of the Lehigh Business by which Newell is required to transfer collections of accounts receivable relating to the Lehigh Business out of such Deposit Account and (y) ten (10) Business Days of being deposited therein), (iii) for a period not to exceed twenty-five (25) months after the consummation of the Decor Business Sale, collections of accounts receivable relating to the Decor Business (which shall be electronically swept or otherwise transferred out of such Deposit Account within ten (10) Business Days of being deposited therein), (iv) for a period not to exceed twenty-five (25) months after the consummation of the Tool Business Sale, collections of accounts receivable relating to the Tool Business (which shall be electronically swept or otherwise transferred out of such Deposit Account within five (5) Business Days of being deposited therein), (v) for a period not to exceed (x) the earliest of the related number of months agreed to by the applicable Business Sellers and the final purchaser of the Winter Sports Business by which collections of accounts receivable relating to the Winter Sports Business shall no longer be deposited therein and (y) twenty-five (25) months after the consummation of the Winter Sports Business Sale, collections of accounts receivable relating to the Winter Sports Business (which shall be electro...
Amendments to the Sale Agreement. The Sale Agreement is amended as follows:
Amendments to the Sale Agreement. The Originators, the Seller, the Administrative Agent and the Purchasers hereby agree that, effective as of the date hereof, Sections 2.5 and 5.1(s)(ii) and (iii) of the Sale Agreement are hereby amended by replacing the date “September 24, 2020” where it appears therein with date “July 30, 2021” in its place.
Amendments to the Sale Agreement. Effective as of the date first written above, Section 4.1(d) of the Sale Agreement is hereby amended by deleting the reference to “May 30th” set forth therein and replacing such reference with a reference to “August 31st”.
Amendments to the Sale Agreement. (a) The following covenant shall be added as a new covenant to the end of Section 5.1:
Amendments to the Sale Agreement. Effective as of the “Amendment Effective Date” (as defined below) and subject to the satisfaction of the conditions precedent set forth in Section 3 below:
1.1 Article II of the Sale Agreement is hereby amended to include the following provision at the end of such article:
Amendments to the Sale Agreement. The Sale Agreement is hereby amended as follows: 2.
1. Schedule I is amended as set forth on Annex 1 attached hereto.
Amendments to the Sale Agreement. Subject to the terms and conditions set forth herein, the Sale Agreement is hereby amended as follows:
(a) amending Section 4.1(i) of the Sale Agreement in its entirety to read as follows: "Collections. Originator will cause (i) all proceeds from all Lock-Boxes to be directly deposited by a Collection Bank into a Collection Account, (ii) each Lock-Box and Collection Account to be subject at all times to a Collection Account Agreement that is in full force and effect and (iii) all collections related to an Excluded Obligor shall be deposited into accounts separate from the Lock-Boxes and Collection Accounts. In the event any payments relating to Receivables are remitted directly to Originator or any Affiliate of Originator, Originator will remit (or will cause all such payments to be remitted) directly to a Collection Bank and deposited into a Collection Account within two (2) Business Days following receipt thereof and, at all times prior to such remittance, Originator will itself hold or, if applicable, will cause such payments to be held in trust for the exclusive benefit of Buyer and its assigns. Originator will transfer exclusive ownership, dominion and control of each Lock-Box and Collection Account to Buyer and, will not grant the right to take dominion and control of any Lock-Box or Collection Account at a future time or upon the occurrence of a future event to any Person, except to Buyer (or its assigns) as contemplated by this Agreement and the Purchase Agreement.";
(b) replacing the definition of "Receivable" in Exhibit I to the Sale Agreement in its entirety as follows:
Amendments to the Sale Agreement. The Originators, the Seller, the Administrative Agent and the Purchasers hereby agree that the Sale Agreement is amended as follows:
(a) Section 2.5 of the Sale Agreement is hereby amended and restated in its entirety to read as follows:
Amendments to the Sale Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 4 below, the Sale Agreement shall be and hereby is amended as follows:
(a) Schedule I to the Sale Agreement is hereby amended and restated in its entirety as set forth on Exhibit B hereto.
(b) Schedule II to the Sale Agreement is hereby amended and restated in its entirety as set forth on Exhibit C hereto.
(c) Schedule III to the Sale Agreement is hereby amended and restated in its entirety as set forth on Exhibit D hereto.
