Modifications to Agreements Sample Clauses
The "Modifications to Agreements" clause establishes the procedures and requirements for making changes to an existing contract. Typically, this clause specifies that any amendments must be made in writing and signed by all parties involved, ensuring that verbal agreements or informal changes are not legally binding. By formalizing the process for altering the agreement, this clause helps prevent misunderstandings and disputes over whether modifications are valid, thereby ensuring clarity and certainty in the contractual relationship.
Modifications to Agreements. Not modify or substitute, or permit the modification or substitution of, any Collateral Note or any document evidencing the Collateral Note Security or contract to which any of the Collateral which is accounts relates, nor extend or grant indulgences regarding any account which is Collateral, other than such modifications or indulgences as are reasonable and customary in the industry in which Debtor is engaged.
Modifications to Agreements. Distributor may not modify the License Agreement or the Support and Maintenance Agreement except as specified in this Section 3.4.4.
Modifications to Agreements. Not modify or substitute, or permit the modification or substitution of, any document evidencing the Collateral or contract to which any of the Collateral relates.
Modifications to Agreements. To the extent that regulations promulgated under any Applicable Law require additional or modified security, privacy, or confidentiality agreements between financial institutions and third party suppliers, Servicer agrees that it will execute the additional or modified agreements as reasonably required by Lender.
Modifications to Agreements. To the extent that regulations promulgated under Applicable Law require additional or modified security, privacy, or confidentiality agreements between financial institutions and third party servicers, Servicer agrees that it will execute the additional or modified agreements as reasonably required by Lender. CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
Modifications to Agreements. The Stock Purchase Agreement is terminated and any requirement that the balance of the purchase price be advanced by Allied under the Stock Purchase Agreement is waived. In addition, Allied is released from any obligation to perform under the Promissory Note (attached to the Stock Purchase Agreement as Addendum A), and the Promissory Note is deemed void and of no effect. All right, title and interest of Allied in the 35,000,000 shares ("Shares") of common stock purchased under the Stock Purchase Agreement is released, effective immediately. The Escrow Agent identified in the Stock Purchase Agreement is instructed to return the Shares to Bio-Preserve, and after the return of the Shares the Escrow Agent is relieved of all further obligations under the Stock Purchase Agreement. Allied is released from any obligation to advance additional funds to Bio-Preserve under the terms of the Bridge Loan Agreement, and with respect to all moneys advanced to the Bio-Preserve to date, the maturity date is extended to December 31, 2000. The conversion privileges and other terms of the Bridge Loan Agreement and rights of Allied shall remain applicable and governed by the Bridge Loan Agreement with respect to all moneys advanced to the Bio-Preserve to date. The Intellectual Property Security Agreement shall secure only the repayment of the $130,000 advanced to Bio-Preserve to date and any references in the Security Agreement to obligations of Allied to make further payments under the Stock Purchase Agreement, the Promissory Note, or the Bridge Loan Agreement are deleted, modified and revised to be consistent with paragraphs 2.1, 2.2, and 2.3 of this Modification Agreement.
Modifications to Agreements. This Agreement may not be altered, modified, changed or discharged, except by a writing signed by or on behalf of both the Company and the grantee.
Modifications to Agreements. NORAM acknowledges and agrees that HP or its --------------------------- affiliates in their sole discretion, without any notice to or approval from NORAM, may (i) amend or modify the Consulting Agreement or any other agreement HP or the Subsidiary enters into with the Nation, including, without limitation, any amendment or modification to the amount or timing of payments to be received thereunder, or (ii) settle, compromise or otherwise resolve any disputes with the Nation relating to the Facility; provided, however, that HP or its -------- ------- affiliates shall provide NORAM with notice of any such amendment, modification, settlement, compromise or resolution and, if such amendment, modification, settlement, compromise or resolution materially increases NORAM's responsibilities hereunder, NORAM must approve such action, which approval shall not be unreasonably withheld. Notwithstanding the foregoing, if HP or Subsidiary sells or transfers to a third party, or otherwise liquidates, its interest in the relationship with the Nation, NORAM shall be entitled to receive twenty-two percent (22%) of the consideration received by HP or Subsidiary for such disposition.
Modifications to Agreements. (a) Without any notice to or the consent of Junior Lender, Senior Lender may amend, modify, extend, supplement, split, consolidate, restate, or replace all or any of the Senior Lender Agreements in any respect or increase (pursuant to the Senior Lender Agreements) or reduce, split, release, or compromise the Senior Indebtedness, or waive any terms of, exercise any rights under, or otherwise deal with any of the Senior Lender Agreements or exercise any rights in respect of the Collateral allowed at law or in equity or pursuant to any of the Senior Lender Agreements, and the same shall in no way alter the subordination of the Junior Lender Agreements (and the liens, rights, interests, and provisions thereof) to the Senior Lender Agreements.
(b) Without any notice to or the prior consent of Senior Lender, Junior Lender may amend, modify, extend, supplement, split, consolidate, restate, or replace all or any of the Junior Lender Agreements in any respect or increase or reduce, split, release or compromise the Junior Indebtedness, or waive any items of, exercise any rights under or otherwise deal with any of the Junior Lender Agreements; provided, however, that no such amendment, modification, extension, supplement, split, consolidation, restatement, or replacement of the Junior Lender Agreements or increase, reduction, split, release or compromise of the Junior Indebtedness shall in any way alter the subordination of the Junior Lender Agreements, and all liens, claims, rights or remedies of Junior Lender under or pursuant to the Junior Mortgage or any other Junior Loan Agreements to the lien of the Senior Mortgage and all of the liens, claims, rights, priorities and remedies of Senior Lender under or pursuant to the Senior Lender Agreements.