Evidence of Replacement Clause Samples
The 'Evidence of Replacement' clause requires a party to provide proof that a replacement has been made for a product, service, or personnel as stipulated in the contract. Typically, this involves submitting documentation such as receipts, certificates, or other verifiable records to demonstrate that the replacement meets the agreed-upon standards or specifications. This clause ensures transparency and accountability, helping to prevent disputes by providing clear evidence that contractual obligations regarding replacements have been fulfilled.
Evidence of Replacement. Promptly following the replacement of any Specified Lender in accordance with this Section 3.08, Administrative Agent will distribute an amended Schedule 2.02, which will be deemed incorporated into this Agreement, to reflect changes in the identities of Lenders and adjustments of their respective Commitments or Percentage Shares, as applicable, resulting from any such removal or replacement.
Evidence of Replacement. Promptly following the removal or replacement of any Specified Lender in accordance with this Section 1.10, Agent shall distribute an amended Schedule 1, which shall be deemed incorporated into this Agreement, to reflect changes in the identities of Lenders and adjustments of their respective Pro Rata Shares, as applicable, resulting from any such removal or replacement.