Corrections and Insertions Clause Samples
The Corrections and Insertions clause allows for the rectification of errors or the addition of missing information in a contract or document after its initial drafting. Typically, this clause outlines the process by which parties can agree to make changes, such as initialing handwritten corrections or attaching an addendum that details the modifications. Its core practical function is to ensure that the final document accurately reflects the parties' intentions and agreements, thereby preventing misunderstandings or disputes arising from mistakes or omissions in the original text.
Corrections and Insertions. Lender may correct patent errors in the Loan Documents and fill in all blanks in this Agreement and the other Loan Documents consistent with the agreement of the parties.
Corrections and Insertions. Agent may correct patent errors in the Loan Documents and fill in all blanks in this Agreement and the other Loan Documents consistent with the agreement of the parties.
Corrections and Insertions. Lender may correct patent errors in the Loan Documents and fill in all blanks in this Agreement and the other Loan Documents consistent with the agreement of the parties. Transaction Characterization. The Loan Documents are a contract to extend a Financial Accommodation (as such term is used in the Bankruptcy Code) for Borrower’s benefit.