Amendment of Security Agreement. The Security Agreement is hereby amended as follows:
Amendment of Security Agreement. Upon the effectiveness of this Amendment in accordance with Section 6 hereof, the Security Agreement is hereby amended as follows:
Amendment of Security Agreement. Medicis hereby consents to the amendment as of the Termination Effective Date of the Security Agreement by and among Revance and the other parties named therein, dated as of January 24, 2011, to which Medicis is a third party beneficiary to Section 5(h) thereunder, as set forth in the form attached hereto as Schedule 4.4. To implement such consent, Medicis agrees to execute and deliver to Revance the form of amendment to such Security Agreement attached hereto as Schedule 4.4 concurrently with the execution of this Termination Agreement, provided that such amendment shall not be effective until the Termination Effective Date.
Amendment of Security Agreement. Xxxxxx Station and the Company hereby agree that each reference to the Promissory Note (the “Original Note”) in the Security Agreement between Xxxxxx Station and the Company dated as of July 21, 2003 (the “Security Agreement”) shall be deemed to be a reference to the New Note, as defined in this letter agreement, and that the first priority security interest of Xxxxxx Station in the assets of the Company created by the Security Agreement shall be uninterrupted by the substitution of the Note for the Original Note and the New Note for the Note.
Amendment of Security Agreement. The Security Agreement is hereby amended to change the description of the Note for which the shares were pledged as collateral. For all purposes hereafter the Note shall refer to the following: All obligations of Pledgor to Pledgee pursuant to the terms of (i) Convertible Debenture Loan Agreement by between Biodynamics International, Inc. its wholly owned subsidiaries Biodynamics International (Deutschland) GmbH, Biodynamics International (United States), Biodynamics for Partnerships, Inc. and Renaissance Capital Partners II, Ltd.; and (ii) 9% Convertible in the principal amount of $2,074,081.06 by and between Biodynamics International, Inc. its wholly owned subsidiaries Biodynamics International (Deutschland) GmbH, Biodynamics International (United States), Biodynamics for Partnerships, Inc. and Renaissance Capital Partners II, Ltd.
Amendment of Security Agreement. AdEx and DEP agree that the second recital of the Security Agreement attached hereto as Exhibit C is hereby amended as follows: The figure “$500,000” in the last sentence is hereby deleted in its entirety and replaced with “$255,000”, such that AdEx’s $255,000 obligation under the New Note will continue to be secured by the Collateral under the Security Agreement. Unless and until AdEx has disbursed to DEP all amounts payable pursuant to the New Note, AdEx shall not (i) dissolve DI or otherwise cause DI to cease to exist, (ii) encumber or otherwise transfer the assets of DI, or (iii) encumber the Collateral (as defined in the Security Agreement). For the avoidance of doubt, it is the intention of the parties that the Security Agreement remain in full force and effect with respect to the New Note and continue to give DEP a first priority security interest in the Collateral.
Amendment of Security Agreement. The Security Agreement between the Company and Dr. Chaudhuri dated Septembex 00, 0000, xs hereby amended to provide that the secured parties are Dr. Chaudhuri and Thomas, axx xxxx xxx xbligaxxxxx secured are the obligations under the New Notes and any other obligations of the Company to Dr. Chaudhuri arising therxxxxxx xx xxxer this Agreement; however, the security interest securing the New Notes shall be terminated effective at the closing of the Tenet Transaction. Dr. Chxxxxxri (and Thomas ix xxxxxxxxx) xhall xxxxxxe and, if requested by the Company and the lender in the Tenet Transaction, deliver xx xxe escrow agent for the Tenet Transaction an executxx XXC termination statement to accomplish the foregoing.
Amendment of Security Agreement. The Security Agreement is hereby amended to delete any and all references to the Kapalua Mauka Property, including, without limitation, any and all Leases (as defined in the Security Agreement) for, and any and all fixtures located at, the Kapalua Mauka Property. Exhibit A of the Security Agreement is amended in its entirety as set forth in Exhibit 1 attached hereto and hereby made a part hereof.
Amendment of Security Agreement. (a) The Security Agreement is hereby amended to insert “(i)” after the words “(b) Deposit Accounts.” and before the first sentence of Section 3.04(b).
Amendment of Security Agreement. Section 2 of the Security Agreement shall be amended by deleting said Section 2 in its entirety and substituting in lieu thereof the following new Section 2 to read in its entirety as follows:
