Restrictions on Amendment Clause Samples
The "Restrictions on Amendment" clause defines the limitations and conditions under which changes to the agreement may be made. Typically, this clause requires that any modifications to the contract must be agreed upon in writing and signed by all parties involved, preventing unilateral changes. By establishing a clear process for amendments, it ensures that all parties maintain control over the terms of the agreement and protects against unauthorized or unexpected alterations.
Restrictions on Amendment. Each Hedging Counterparty agrees that, except with the prior written consent of the Intercreditor Agent, no amendment may be made to a Hedging Agreement to an extent which would result in:
22.4.1 any payment under that Hedging Agreement being required to be made by the Company on any date other than the dates originally provided for in that Hedging Agreement; or
22.4.2 the Company becoming liable to make an additional payment under any Hedging Agreement which liability does not arise from the original provisions of that Hedging Agreement; or
22.4.3 the Company becoming liable to make any payment under that Hedging Agreement in any currency other than in the currency provided for under the original provisions of that Hedging Agreement.
Restrictions on Amendment. None of the Parties to this Agreement (including, for greater certainty, the Trust and the Trustees) will propose or vote for or cause any amendment, modification or change to the following provisions of the Declaration of Trust or the articles of incorporation and by-laws of New Fording:
(a) the definitions of "Independent Director" or "Independent Trustee";
(b) any qualification to act as a Director or Trustee or as Chair or Chief Executive Officer; and
(c) sections 3.8 (Special Approval Matters), 3.9 (Restrictions on Trustees' Powers), 8.2 (Audit Committee), 8.3 (Governance Committee) and 8.4 (Additional Committees) of the Declaration of Trust and the equivalent sections in the articles of incorporation and by-laws of New Fording; without the prior written approval of the Trust, New Fording (in the case of changes to the articles of incorporation and by-laws of New Fording) and all other Persons who are parties to a Governance Agreement which is then outstanding.
Restrictions on Amendment. 9 4.1 Restrictions on Amendment......................................9
Restrictions on Amendment. Notwithstanding anything provided in the Covenants to the contrary, so long as Developer owns any Lot in the Property no amendment shall be effective unless Developer consents in writing to any such amendment. The consent of Developer to any such proposed amendment may be withheld in the sole discretion of Developer with or without any reason.
Restrictions on Amendment. If the Transaction described in Section 9.12(b) does not close pursuant to its terms, the provisions of this Amendment other than subsection (b) of Section 9.12 as amended by Article XII of this Amendment may be amended at any time. Subject to the following sentence, no provision of the Plan as amended by the Second Amendment to the Plan dated November 14, 1995, may be amended by action of the Corporation except to the extent necessary to comply with changes to the Internal Revenue Code of 1986, the Employee Retirement Income Security Act of 1974 or any rules or regulations issued pursuant thereto and the Participant rights to distribution and the rights to sell stock to the Employer shall be considered as non- terminable rights protected under the provisions of the Plan that relate to non-terminable rights applicable after the plan ceases to be an Employee Stock Ownership Plan. Notwithstanding the foregoing and subject to applicable law, the provisions of this Plan as amended by this Amendment other than Articles I, VI, VII, IX, XIII and XIV can be amended by the Employer with the unanimous consent of the Administrative Committee at any time after December 31, 2000."
ARTICLE XV The provisions of this amendment (other than Articles XII and XIV of this Amendment) shall become effective upon the closing date of the Transaction described in Section 9.12(b). The provisions of Articles XII and XIV of this Amendment shall be effective November 14, 1995.
ARTICLE XVI Except as amended above, the Employer hereby readopts, reaffirms and redeclares each and every provision of the Plan.
Restrictions on Amendment. The provisions of Section 10 and Section 11 are for the benefit of each Administrative Agent and the holders from time to time of Guarantor Senior Obligations and the Senior Obligations, and each Administrative Agent and such holders of Guarantor Senior Obligations and Senior Obligations are third party beneficiaries hereof. Without the prior written consent of each Administrative Agent (which consent may be granted or withheld by such Administrative Agent in its sole and absolute discretion), the Noteholders and the Company shall not (and the Company shall not permit any of the Company's Subsidiaries to), amend or otherwise change the terms of this Agreement, any Notes, any Subsidiary Guarantee, any Obligations of any Credit Party, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to (i) increase the interest rate on the Notes (other than to the extent that such additional interest is payable solely through the issuance of additional Notes in a principal amount equal to the amount of such additional interest), (ii) change (to earlier dates) any dates upon which payments of principal, premium, fees or interest are due on the Notes, (iii) change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), (iv) change the redemption, prepayment, repurchase, conversion or defeasance provisions thereof, (v) change the standstill or subordination provisions set forth in the Notes, the Subsidiary Guarantees or in Sections 10 and 11 hereof (or any defined terms used in the Notes, the Subsidiary Guarantees or said Sections), or change or amend this Section (or any defined terms used in this Section), (vi) require or result in any Credit Party or any of their Subsidiaries or Affiliates granting any pledge, security interest or other Lien on any of their property or assets (including the stock of the Company) to secure any of the Subordinated Indebtedness, (vii) change, amend or add any financial covenant, other material covenant, or event of default in any Purchase Document in a manner that would be more restrictive on any Credit Party than any comparable covenant then in effect under the Credit Agreements or the Motorola Distributor Documents, or (viii) increase materially the Obligations of any Credit Party or to confer any additional rights on the holders of such Subordinated Ind...
Restrictions on Amendment. Purchaser hereby agrees that it ------------------------- will not, without the consent of the Holder, (a) decrease the price at which the Purchaser will accept Convertible Notes pursuant to the terms of the Amended Offer, (b) offer any form of consideration other than cash for the Convertible Notes, (c) decrease the maximum principal amount of Convertible Notes sought in the Offer or (d) amend the conditions to the Offer from the conditions established in the Offer to Purchase of Purchaser dated October 1, 2001, as heretofore waived.