Definition Amendments Sample Clauses
The Definition Amendments clause establishes the process for modifying or updating the definitions section within a contract. It typically outlines who has the authority to propose changes, the procedures for approval, and how such amendments are documented and communicated to all parties. For example, if a term used throughout the agreement needs clarification or expansion due to changes in law or business practices, this clause governs how that update is formally incorporated. Its core function is to ensure that all parties have a clear, consistent understanding of key terms as the contract evolves, thereby reducing ambiguity and potential disputes.
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Definition Amendments. The following definitions in Section 1.1 of the Credit Agreement are hereby amended in their entirety to read as follows:
Definition Amendments. The following definitions in Section 1.1 of the Loan Agreement are hereby amended in their entirety to read as follows:
Definition Amendments. For the period of time starting on the Amendment Effective Date, as herein defined, and ending on February 12, 2013, Section 1 of the Existing Pricing Letter is hereby amended by deleting the definitions of “Maximum Aggregate Purchase Price” and “Minimum Balance Requirement” in their entirety and replacing them with the following:
Definition Amendments. The below definitions contained in the Loan Documents are hereby amended on a global basis as follows:
(i) Wherever any of the Loan Documents refers to the “Assignment of Liquor Management Agreement”, such reference shall be deemed to refer to the “Assignment of Resort Management Agreement” as such term is defined herein.
(ii) Wherever any of the Loan Documents refers to the “Borrower” or “Borrowers”, such reference shall be deemed to refer to the “Borrower” or “Borrowers” as such term is defined herein.
(iii) Wherever any of the Loan Documents refers to that certain Casino Lease, dated as of March 1, 2011, by and between LVHR and Hotel/Casino Borrower (whether as the “Casino Component Lease”, the “Casino Lease”, the “Lease” or otherwise) such reference shall be deemed to refer to the “Casino Component Lease” as such term is defined herein.
(iv) Wherever any of the Loan Documents refers to that certain Employee Lease Agreement, dated as of March 1, 2011, such reference shall be deemed to refer to the “Employee Lease” as such term is defined herein.
(v) Wherever any of the Loan Documents refers to the “Gaming Management Agreement”, such reference shall be deemed to refer to the “Resort Management Agreement” as such term is defined herein.
(vi) Wherever any of the Loan Documents refers to the “Liquor Management Agreement”, such reference shall be deemed to refer to the “Resort Management Agreement” as such term is defined herein.
(vii) Wherever any of the Loan Documents refers to LVHR Casino Inc., a Nevada Corporation (in its capacity as “LVHR” or otherwise) such reference shall be deemed to refer to “Gaming Operations Borrower” as such term is defined herein.
(viii) Wherever any of the Loan Documents refers to the “Mortgage”, such reference shall be deemed to refer to the “Mortgage” as such term is defined herein.
(ix) Wherever any of the Loan Documents refer to that certain Resort Management Agreement, dated as of March 1, 2011, such reference shall be deemed to refer to “Resort Management Agreement” as such term is defined herein.
Definition Amendments. The following defined terms in Section 1 ---------- --------------------- --------- of the Credit Agreement are hereby amended and restated in their entirety to hereafter be and read as follows: Commitment shall mean, as to any Bank, the obligation of such Bank to ---------- make Loans and incur liability for the Letter of Credit Exposure Amount in an aggregate principal amount at any one time outstanding up to, but not exceeding, the amount set forth as such Bank's "Commitment" in Schedule IV ----------- attached hereto (as the same may be reduced from time to time pursuant to Section 2.2 hereof and increased from time to time pursuant to Section 2.15 ----------- ------------ hereof).
Definition Amendments. Section 1.1 of the MAPA is hereby amended as follows:
(a) The following definition of "Mixed Option" is added:
Definition Amendments. The following terms originally defined in the 1998 North City Site Lease are hereby modified as follows, and for ease of reference shall also be included in Appendix 1:
Definition Amendments. 3.1 The following definitions are hereby amended and restated in their entirety:
Definition Amendments. The following definitions in Section 1 of the Original Agreement are hereby amended and restated in their entirety to read as follows:
Definition Amendments. The following definitions in Section 1.1 of the Loan Agreement are hereby amended as follows:
(a) The definition of “Draw Period Termination Date” is hereby deleted in its entirety and replaced with the following: