Statement of Amendment Clause Samples
A Statement of Amendment clause defines the process by which changes or modifications to an existing agreement can be formally made. Typically, this clause requires that any amendments be documented in writing and signed by all parties involved, ensuring that verbal agreements or informal changes are not considered valid. Its core practical function is to maintain clarity and prevent disputes by ensuring that all parties have a clear, mutual understanding of any alterations to the original contract.
Statement of Amendment. In consideration of the covenants, agreements, and conditions set forth in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Bank and Borrowers hereby agree as follows:
Statement of Amendment. In consideration of the mutual covenants and agreements set forth in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Agent, LC Issuer and the Lenders and Borrowers hereby agree as follows:
Statement of Amendment. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:
Statement of Amendment. In consideration of the mutual covenants and agreements set forth in this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the City and County hereby agree as follows:
Statement of Amendment. In consideration of the premises and the mutual promises and agreements contained herein, and for other good and valuable consideration, the receipt, mutuality and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
Statement of Amendment. In consideration of the mutual covenants and agreements set forth in this Amendment, and for other good and valuable consideration, Lenders, the Administrative Agent, Texas Capital and Borrower hereby agree as follows:
Statement of Amendment. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, First Defiance and Commercial Bancshares agree as follows:
Statement of Amendment. In consideration of their mutual agreements hereunder and under the Loan Agreement, the Borrower, Lenders and the Agent hereby agree to amend the Loan Agreement as follows: