Modification to Section 1 Clause Samples
The "Modification to Section 1" clause serves to formally amend or alter the original terms outlined in Section 1 of an agreement. This clause specifies exactly which provisions are being changed, added, or removed, and may detail the new language or requirements that will replace the original content. For example, it might update a definition, adjust a timeline, or clarify a party's obligations as initially described in Section 1. Its core practical function is to ensure that any changes to foundational terms are clearly documented and agreed upon, thereby preventing misunderstandings and maintaining the integrity of the contract.
Modification to Section 1. Section 1, Leased Premises, is hereby deleted and replaced in its entirety with the following: Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, certain property located at ▇▇▇ ▇. ▇▇▇▇▇▇▇ Street, Louisville, Kentucky, commonly referred to as the ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Biomedical Research Building Center (“Baxter 1”), consisting of specified space on the first and fourth floors, and certain property located at ▇▇▇ ▇. ▇▇▇▇▇▇▇ Street, Louisville, Kentucky, commonly referred to as the ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Biomedical Research Building (“Baxter 2”), consisting of specified space on the first floor, as more particularly described on Exhibit A, attached hereto and incorporated herein (“Leased Premises”). The lease of the Leased Premises includes the right, together with other tenants of Baxter 1 and ▇▇▇▇▇▇ 2, and such tenants’ invitees, to use the common and public areas within ▇▇▇▇▇▇ 1 and ▇▇▇▇▇▇ 2 (“Common Areas”).
Modification to Section 1. 1. The definition of “MJF Purchaser” in Section 1.1 of the Merger Agreement is hereby amended and restated in its entirety to read as follows: “MJF Purchaser” meansMJ Acquisition Corp., a Delaware corporation.
Modification to Section 1. 1 -- Definition of “Guarantor Subsidiary.” The definition of “Guarantor Subsidiary” contained in Section 1.1 of the Credit Agreement is deleted and is replaced in its entirety with the following:
Modification to Section 1. Section 1 of the Note is hereby amended by deleting the reference to "September 29, 2012" and inserting "September 29, 2013" in lieu therefor.