Amendment of Promissory Note. At the Closing, GI and MetaMorphix would execute a Third Allonge to the Promissory Note, which shall be substantially in the form as the Third Allonge appearing in Schedule 8.2 attached hereto. Such Third Allonge shall provide, INTER ALIA, (I) for an extension of the due date for the payment of the note until January 1. 2005, (ii) that MetaMorphix will he permitted to repay the principal and interest at any time. (iii) that at the end of the loan term. if MetaMorphix's stock is publicly traded, MetaMorphix will be permitted to pay off the then outstanding principal and interest with shares of MetaMorphix's stock valued at the then current market price. and (iv) that GI will be permitted, at any time and at its sole election, to convert the outstanding principle and interest of the loan to MetaMorphix stock. which stock shall be valued at either (x) 125% of the IPO price if the stock is then publicly traded or (y) a price to be negotiated in good faith by MetaMorphix and GI if the stock is not then publicly traded.
Amendment of Promissory Note. The Note is hereby amended and restated as set forth in the New Note, which New Note shall in all respects replace and supersede the existing terms and conditions of the Note and shall be executed and delivered by the Company to Xxxxxx Station contemporaneously with this letter agreement.
Amendment of Promissory Note. This Promissory Note may be amended or modified only by way of written agreement duly executed by the Note Holder and Borrower of this Promissory Note.
Amendment of Promissory Note. This Promissory Note may be amended or modified only by way of written agreement duly executed by the Holder and Maker of this Promissory Note. SIGNATURES: (Signature of Holder) (Date) (Signature of Maker) (Date) NOTARY ACKNOWLEDGMENT On the aforementioned Maker and Xxxxxx did personally appear before me, and being personally known to me (or proven to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacity, and that by their signatures on the instrument above, or the entity upon behalf of which the person(s) acted, executed the instrument.
Amendment of Promissory Note. This Amendment of Promissory Note is made as of August 1, 1997, between KeraVision, Inc. (the "COMPANY") and Xxxxxxx Xxxxxxxx-Xxxxxx (the "PURCHASER"). The Promissory Note ("NOTE") executed by the Purchaser on September 26, 1995, under which the Purchaser promised to pay to the Company $36,635.63, plus interest, on or before September 26, 1997, is hereby amended as follows:
Amendment of Promissory Note. The promissory note ("Credit Note") dated as of July 30, 1999, in the original principal amount of $30,000,000, executed by Borrower and payable to the order of Lender is hereby amended to provide that the entire unpaid principal balance of this Note plus all accrued and unpaid interest shall be due and payable in full on March 31, 2000. The definition of the term "Note" in the Credit Agreement is hereby amended to mean the Credit Note as amended hereby, and all renewals, extensions, modifications, increases, rearrangements, and replacements thereof.
Amendment of Promissory Note. The Promissory Note is hereby deemed amended to extend the maturity date to the earlier of (i)December 31, 2010 and (ii) the Qualified Financing Date.
Amendment of Promissory Note. The Promissory Note is hereby amended to change the principal amount thereof from $473,933.65 to $185,227.00, effective as of May 1, 2011. In all other respects, the Promissory Note shall continue to be effective and enforceable in accordance with the original terms thereof. In furtherance of such amendment, the original Promissory Note shall be surrendered to the Borrower by the Lender, against delivery by the Borrower to the Lender of an amended promissory note in the form annexed hereto as Exhibit I.
Amendment of Promissory Note. The parties hereby agree that contemporaneously with the execution of this Agreement, the Company and the parties hereto shall amend the Promissory Note pursuant to an Amendment No. 1 to Promissory Note in the form annexed hereto as Annex III.
Amendment of Promissory Note. The Promissory Note is amended as follows: (a) the Principal of the Promissory Note (as that term is therein defined) shall be changed in all respects from Fifty Thousand Dollars ($50,000) to Fifty-One Thousand Dollars ($51,000); (b) Section 1.2 of the Promissory Note is amended to provide that the final payment under the Promissory Note shall be in the amount of Six Thousand and no/100 Dollars ($6,000.00) rather than Five Thousand and no/100 Dollars ($5,000.00) such that total payments shall equal $51,000.00 in the aggregate rather than $50,000 in the aggregate; (c) the Holder of the Promissory Note is Apollomed Care Clinic, Inc. and not Apollo Medical Management, Inc.; (d) Section 1.4 of the Promissory Note is deleted in its entirety; and (e) the last sentence of the second paragraph of the Promissory Note, which reads: “This Note is being made pursuant to that Loan and Security Agreement, dated as of the date herewith (the “Agreement”)”, is deleted. The parties confirm that the Promissory Note is not secured.
